Real estate auction: voluntary auction or sale by bidding procedure
The generally publicly appointed, sworn auctioneer is authorized to sell real estate for third parties by way of auction or bidding procedure.
Most of the auctioneers working for DEUTSCHE PFANDVERWERTUNG conduct their business, which requires a license, both as auctioneers and as real estate brokers in accordance with sections 34 b and 34 c of the GewO.
If you want to sell real estate — now is the time!
At present, there is probably a historically unique opportunity to achieve top prices when selling real estate. The prerequisite for this is the right strategy. Experts warn that the upward price range for real estate has largely been exhausted.
It is well known that the financial system, especially in Europe, is on “thin ice”. It is therefore advisable for forward-looking investors to take advantage of the open window of opportunity now and take profits on “concrete gold”. After all, even financial professionals cannot make a serious forecast about the duration of the current boom given the volatile financial markets.
It has been historically proven that real estate owners are not necessarily among the winners in times of economic upheaval. In the so-called prime locations, properties are often overvalued speculative objects that dramatically lose value in a crisis. In times of crisis, the state also intervenes with high tax burdens and levies. This happened twice in the 20th century: in 1924 as a house interest tax and after 1945 as an equalization of burdens.
Important to know: Crucial mistakes can be made when selling! If you don’t have enough time, the specific know-how and strong negotiating skills, you are well advised to commission a professional to handle the sale.
If you want to achieve the highest possible sales price, it is advisable to first decide on the right sales channel — even before you involve a sales partner. Dealing with this question can be very rewarding for you.
Real estate auction or bidding process
If there is a high demand for the property, it makes sense to sell properties via an auction or bidding process, as this approach offers first-class chances of success. This sales channel is the best way to achieve the highest possible sales price within a set period of time.
In contrast to the estate agent, it is the task of the auctioneer to determine the best price. Due to the different approach, the auctioneer does not face the estate agent’s dilemma, which often leads to price reductions in the final phase of negotiations.
It also makes sense to commission an auctioneer if the property is at risk of foreclosure.
In the past, we were regularly called in by borrowers’ lawyers. The reason for this was that, as an auctioneer, we always achieve higher sales proceeds than the official judicial officers in foreclosure proceedings simply because of our services (application, advice, viewings).
