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Sales at auction : How to buy a property? Property guide
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Sales at auction : How to buy a property?
To take part:
- Before the sale, gather information about the properties up for sale, visit those which interest you, consult the brochure for prices and prepare your finances.
- On the day of the sale, deposit a returnable cheque with a notaire (or lawyer) which will be credited on sale and in exchange for this you will receive authorisation to bid and a badge. You can then during the course of the auction make bids. Movements make the bids.
- If you are the final and highest bidder, you win the bid.
- After the sale, you have 45 days to raise the amount bided along with the fees and transfer costs. In the meantime , during the 10 days following the auction a higher bid could be made on the property.
The handover of the property takes place when the sale has been completed.