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Estate Auction: Benefits for those who buy

In previous lessons we have seen the significance of attachment and the implications for the owner who receives the notification. We also talked of the options that present themselves to those who receive the attachment in order to resolve the situation, and are essentially two: the events can enjoy life and wait for the performance of the entire procedure until you receive notification of transfer or react and try to sell your property to pay off debt and stop the enforcement proceedings.
In this post I will introduce real estate question when the opposite point of view, namely, the person who decides to buy an apartment after taking part in enforcement proceedings.
Because many people are entering the world of real estate auctions? The answer is simple. Most of the time you are unable to conclude a great deal, making property owners at a price lower than it would to buy the same property on the normal market. This type of deal is seen as a real opportunity to improve their economic situation by those who want to buy a house to live, both by those who buy and then resell quickly thus realizing a capital gain. We therefore conclude the feeling of a real bargain! In addition, all properties sold at auction are "cleansed" of every kind of slope or judicial mortgage. It 'also possible to remedy any abuses building or planning within certain time limit, which is usually 120 days. It also does not claim legal fees since the transfer order is conferred directly by the enforcement court. In 2006 the sector was regulated by a law which had a twofold objective: firstly to make the process efficient and transparent and the other to speed up the performance and approach to this market as many people as possible. Given the results of bidding we can say that the 2006 law has been very effective.
many benefits! but everything is so rosy? Of course not, and in the next post we will deal with the risks associated with the purchase of a property through an estate auction.

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If you want more information or would like to participate in an auction but do not know how to write info@immobili360gradi.com

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