There are countless factors that lead a person to purchase land, whatever it may be, auctioning lots is an excellent opportunity. Through auctioned land, it is possible to sell pieces of land for less than 50% of the market value.
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See in this article how it works and how to participate in a Lot Auction.
How does the Lot Auction work?
Every year thousands of plots of land are made available for auction. That is, through public or private institutions. Numerous factors can lead to land being auctioned, such as criminal seizure. Furthermore, there is no possibility of breakdowns as the main reason.
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The lots are made available and open to the public for visits; and then, the auctioneer will provide the initial bid values and how much will be added to each new bid given.
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The entire procedure is carried out by accredited auctioneers, and this is a relevant factor for the success of other procedures; It is possible to find auction lots on several websites, including bank of Brazil auctions.
It's safe?
It depends. You accredited auctions by the responsible bodies are completely trustworthy. That is, there are no chances of fraud. However, it is necessary to investigate the lot itself in order to make a good purchase. Since there are numerous advantages, such as: value and profit.
read more: Santander Mega Auctions: discover the advantages and how to participate
How does payment for auctioned lots work?
There are many doubts about paying for auctions. Payment will depend on the notice, how the auctioneer left in writing about the process; There are auction houses that even accept credit cards. However, others only pay in cash.
With the advent of PIX last year, houses started to accept PIX and continue with bank transfers; You can then simply choose the payment method and complete the auction debit.
How to sell land at a lot auction?
It's quite simple! Immediately after registering at the chosen auction house, the candidate will go to the auditorium to participate in the auction, and begin placing bids; or, in the case of direct sales, it will be enough to match or cover the value of the offer.
This way, the customer will be aware of other bids (in the case of an auction). Right after the closing date, all you have to do is sort out the bureaucratic paperwork and make the payment.
Since there are auctioneer and transfer fees, which must be covered by the candidate; It is important to read the notice in order to obtain the most accurate information.
How to participate in a Lot Auction?
In the link below there are several reliable auction sites, so you can choose one of them and register. Since everyone has filters, the candidate must filter by land plots.
- read more: The 3 best property auction sites
Furthermore, the procedure is very simple. Since only the following steps are required:
- Choose the auction house;
- Complete the registration;
- Fill the form;
- Check available lots;
- Bid.
All land purchase procedures through lot auctions are registered. In other words, it consists of standard steps that are simple to perform. Another opportunity is to participate in the auction of lots in the Bank of Brazil, with a discount of up to 60%.