Does the auction allow you to get good deals?

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Video length: 4 min

Real estate: does the auction allow you to get good deals?

Real estate: does the auction allow you to get good deals?

(France 2)

Faced with the real estate crisis, real estate agencies or notary offices are offering to buy properties at auction. Can you get good deals there?

Bid to become the owner of real estate in the snap of your fingers. Is buying at auction always risk-free? A father tries his luck to finally become an owner. He is aiming for a 55 m² two-room apartment that he spotted on this official notary auction site. These properties are vacant estates recovered by the State, then sold at very attractive prices. During these special sales, the first step is to leave a check for 20% of the starting price as a guarantee.

Take precautions

In the room, few participants moved, because many bidders are connected remotely. Two virtual candles orchestrate the duration of the auctions on a screen visible to all. To avoid bad deals, such as properties requiring a lot of work, it is possible to ask to visit the property in advance. During an auction, there is no going back, because it is impossible to withdraw. Auction sales remain in the minority in France, where only one in 3,000 sales takes place in this context.


source site-19