The private auctions applied to the real estate sector they are a very widespread sales method used in Anglo-Saxon countries and which in recent years has also been establishing itself in Italy. This is due to the important advantages it entails: the certain times (as previously agreed) and the transparency in the procedure but also the reduced costs and the maximization of revenue thanks to the upward tender system. APP – Professional Private Auctions (asteprivateprofessionali.it), has identified the ten steps to take to avoid making mistakes when selling a house at auction between private individuals.
“Putting your property up for auction is an intelligent practice, cool as English speakers who have been using the tool for many years define it, because you become protagonists of the sale, without being passive spectators as happens in the traditional market – he underlines Enrico Poletto, real estate manager and CEO of APP – Aste Private Professionali – In general, the auctioning of goods is a well-established system, which attracts many enthusiasts to auction houses all over the world. Now this mechanism is becoming increasingly established also in real estate sector. Our goal is to allow all private individuals, even the less prepared ones, to get the most out of the sale of a property, without last minute surprises and without taking on risks. All this under the aegis of a notary, which is essential for preliminary checks and for the signing of the transfer deed. We are therefore talking about a guaranteed transfer that can make both buyers and sellers sleep peacefully. The only requirement – concludes Poletto – is that the asset is of interest and has good marketability”.
But how does the private auction process work? Here’s what they are 10 fundamental stages for the auction sale of a property identified by the experts of APP – Professional Private Auctions:
The meeting with the seller
A fundamental and useful step on the one hand to analyze the characteristics of the property and on the other to define the timing and methods of the sale notice taking into account the customer’s needs. This is the first step, in which all the main points are established to then proceed with the definition of the auction.
Control over official documents
It is also important to make sure that there are no prejudicial formalities preventing the sale of the property and therefore its free marketability. This is also a very important moment, which allows you to avoid possible surprises during the actual transfer phase, which very often make the deed “skip” at the last minute in the traditional market.
Evaluation of documents
The entire preliminary documentation on the property will then be acquired, which will be made available to interested parties after purging sensitive data.
Property valuation
Subsequently, in the event that the seller does not already have a suitable appraisal report, a technician is identified in charge of drawing up a timely and precise technical-descriptive document of the property, which can also be viewed by anyone who requests it.
Creation of information material
At the seller’s request, a photo book and an interactive 360° virtual tour are also created, which will be made available to all possible buyers for a complete evaluation of the property, even remotely.
Processing of sales documents
The auction notice, specifications and sales offer are drawn up. If the agreed price is not reached there is no obligation to sell. There is therefore no risk of seeing your property devalued.
The announcement is then disseminated on primary advertising channels to make the investment opportunity known to the widest possible range of users.
Visit
Interested parties can view the properties by appointment.
Construction of the auction
We move on to the auction phase and the competition between the various bidders, in front of a notary who records the operations, even electronically without the need to leave home.
Sale of the property
Once the winner of the tender has been proclaimed and the balance of the price has been paid, we proceed with the signing of the deed of sale, without surprises or delays because the checks have already been carried out upstream.
