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Has anyone bought at one of these auctions? Theere is one coming up at the end of the month and they have property at all ends of the price spectrum.
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It seems to be risky enough just going through the normal buying process so I would think it a real gamble buying through an auction unless you had the same consumer protection in the UK
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I have sold my property through them. My property was sold prior to auction so I do not have any experience of the auction.
I found them to be trasperant. I however asked the right questions and was firm in my dealings through out and had no problems.
As a bidder I should look for the following:
1) Title of the property match it with passport/identity card to know the seller is the owner.
2) Any debts on the property mortgage etc.
3) Last statement of Council Tax IBI
4) Receipt/proof via Bank statement of service charges for the block
5) speak to neighbours and take on their input . In Spain people are open and will assist you if you tell them that you are thinking of buying.
Normal prudance where ever you buy. In UK this done by the solicitors.
Where were you planning to buy, Maybe I know the block ???
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Public (court regulated) or private auction?
It makes a lot of a difference…
Cesar
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If you look at their website the dates for the next few auctions are there. There was one in Marbella last week and another one in May. There is an auction in London in April. I was looking for anyone who has used them in the past and get feedback as to the process.
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What is the website please
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http://www.direct-auctions.com/
They seem to deal mostly with apartments on the coast. -
Put auction into the search function above and you will find more posts on property auctions in Spain, and this company in particular.
My advice is don’t use auctions unless you know what you are doing and have a good understanding of the local property market.
Mark
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Totally agree with Mark not to use auctions unless you know the local market really well and indeed the development even the actual apartment if possible!!. For example on the Direct Auctions website there is a property in Santa Maria Green Hills for auction and any regular readers of this forum will know the huge problems with that development !! The photos of the apartment include some of Santa Maria Village and some of the show flat in Los Jardines – very misleading !
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Exactly! Santa Maria Village was built by the Sifasa group. Groupo Eralia is part of that group. When my husband & I went there a few weeks ago, it was completely deserted…like a ghost town. It had no signs of being lived in.
It’s bad enough trying to buy property that we supposedly have the details of, let alone going to an auction to buy. I would guess you have to be VERY knowledgeable on the subject. -
The comments re Direct Auctions so far relate to the purchase of property with Direct Auctions.
Does anybody have any experiance / advice relating to direct acutions from a sellers perspective?
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