Judicial real estate auctions
Nowadays, judicial auctions are carried out via the internet, which eliminates the need to be physically present at the property. If you want to participate in such auctions, it is very important to take some prudent and well-founded precautions.
Given that there is a period of 20 days in which bids can be made, it is advisable to avoid rushing and instead carry out a thorough analysis of the conditions inherent in the auction in question.
Flexibility
Expertise
Punctuality
Advisor in judicial auctions
At Holadō, we have mastered the art of judicial and administrative auctions. Our expertise translates into comprehensive advice: we thoroughly examine the liabilities affecting the property, both current and past; we prioritise key obligations, including charges such as Ibis and community fees; we assess the presence of occupiers; and we clarify the tax implications of the auction transaction, whether VAT or ITP. Your peace of mind and certainty are our purpose.
How can we help you with your investment in real estate auctions?
Once the BOE auctions see the light of day you only have twenty days to act. During this period, you can strategically choose the auctions you are interested in.
From this point on, our team of advisors steps in to meticulously assess the feasibility and potential benefit of each auction, as some may need to be discarded.
It is crucial to bear in mind that limitations in access to real estate complicate the obtaining of mortgages in most cases, which underlines the importance of careful consideration.
At Holadō, we advise against the idea of going to an auction with full financing. Instead, we recommend considering a small pre-agreed amount. Once we are clear about your auction preferences, we will undertake a thorough feasibility and return analysis of the selected property, either by you or following our suggestions from auctions in the BOE.
Our analysis will cover crucial aspects such as market value, encumbrances, debt, profitability potential and more, ensuring that there are no unforeseen events that could jeopardise the success of your investment.
We only win if you win. If you lose the bid, the cost is €0; if you win the bid, the cost is 5% of the purchase value.
