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Whether you are buying or selling, our aim is make the whole process as transparent and as easy to understand as possible, so apologies to those of you who are ‘old hands’ at buying and selling Spanish property and buying and selling at auction.
The single most important thing to realise is that, at the end of the auction, provided the ‘reserve’ price has been met, both Buyer and Seller are committed to the sale/ purchase of the property.
A registered Seller will submit his property details to us relating to the property. The property will then be advertised on our website for at least one week before the auction starts, to allow time to have the title deeds checked and verified by our solicitors, so that any potential Buyers can be sure that the Seller owns the property and has the legal right to sell it. The auction will then run for 1, 2, 3 or 4 weeks, during which time a Buyer can ask questions about the property, arrange to view it and make bids. The winning bidder must pay a 10% deposit within 2 working days, and completion will take place within 28 days.
Our ‘online’ auctions are exactly the same as going to an auction sale room to buy and sell, except that you don’t need to travel. You can look at the property details, inspect the property, ask questions about the property, inspect the legal documents and make ‘live’ bids in real time from your computer.
Please see the flow charts below for an overview of the buying and selling process.
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