Selling an apartment through auction

Today, via the Internet, you can not only assess the state of the real estate market and analyze the cost and other parameters of the proposed housing, but also buy an apartment. We are talking about auctions on an electronic platform, in which anyone can take part. In this article, we will talk about the attractiveness of this method of purchasing housing, highlight its advantages and disadvantages, and tell you how to become a bidder.

On the one hand, it may seem that buying a home through an auction has only advantages, such as, for example, not having to pay a commission to realtors, as well as the opportunity to save a lot, because the starting price looks very attractive. However, there are also disadvantages, for example, the inability to inspect the property of the transaction, or the likelihood of buying an apartment with tenants who do not want to move out.

Content

As a rule, housing is put up for auction by commercial entities, since this is the method that allows you to get rid of a real estate asset quickly and at a good price.

For example, these could be banks that sell mortgaged real estate to lenders who are unable to repay the loan, or a company sells an apartment that was previously provided for residence to an employee. Bailiffs also prefer this method when it is necessary to sell housing confiscated by a court decision (in case of bankruptcy, etc.) .

• By the way, the auction can offer both a finished apartment in a new building and rights of claim if the developer has not yet managed to put the building into operation.
• Developers themselves can sell housing at auction; this format helps to get more profit for the most attractive apartments, and will also help sell housing that, let’s say, is not in high demand.
• Participants in the auction as potential buyers are experienced investors who want to make a profitable investment in real estate, and ordinary citizens who are buying housing for themselves can also take part in the auction.

How the auction is conducted. Bidding stages

The principle of an auction (not only for real estate) is that the object of sale goes to the one who offers the highest price. Organizers of auctions receive documents that reflect their authority to sell real estate and draw up administrative documentation, put objects up for auction and post information about the date and time of the auction on the Internet and the media. Information about the proposed object must be posted on the organizing company’s website.

• The starting price is negotiated with the property owners and is most often lower than the market value. The price increase step is determined, usually within 5% - 10% of the current value of the lot. After the price is announced, the participant can accept this price, and if then the bids are not raised (by price step) , then this participant will be the winner. Or the one who offers the highest bid will win.
• If, at the stage of announcing the price, none of the buyers agreed to buy at the proposed price and did not offer a higher price, the property is removed from the auction and then put up for sale at the second stage. Now, approximately 20%-30% of the market value is subtracted from the price, and during the bidding, participants gradually increase the price. After the offers have stopped coming in, the property goes to the one who offered the highest price and no one blocked his bid.
• However, even at this stage it may turn out that buyers are not interested in the apartment at the stated price, in which case the bidding moves to the next stage - the price decrease begins. The “Cut-off price” is established - the lower price level up to which the owner of the property agrees to sell it and buyers are again offered a price below 20% -30% of the market value. Then the price is lowered one step, and if there are no buyers, they continue to lower until a buyer appears or until the price reaches the lower limit.

The sales method described above is not the only option for auction trading. Some companies that organize auctions offer so-called double auctions - only at one stage the price can go up and down. This type of auction makes it possible to avoid dividing bidding into stages, thereby saving time.

Transfer of ownership. Sale and purchase agreement and registration in Rosreestr

The third stage is the most interesting for participants, because there is an opportunity to buy real estate at a very attractive price, however, at the same time, a decision needs to be made very quickly.

After a buyer has appeared, the auction organizers prepare documents, a purchase and sale agreement is signed, and the buyer transfers funds, property rights are registered and the auction winner becomes the legal owner of the home. If the rights of claim are acquired, a new DDU is concluded with the developer.

Registration, application for participation in the auction, EPC

To take part in the auction, you first need to register on the electronic platform and submit an application, which will be included in the register of potential buyers.

However, participation in the electronic trading format presupposes the emergence of legal relations between the participant and the auction organizer, and agreements (the rights and obligations of the parties) within the framework of these relations must be recorded.

If, when signing an agreement in paper form, the obligations are recorded by affixing the signatures of the participants, then to submit an application (and for subsequent operations) the participant is required to have an “electronic digital signature” or EDS.

An agreement signed via the Internet has the form of a file, and the digital signature is information that is attached to the file data. Electronic digital mail allows you to verify the identity of signatories and also makes it possible to find out whether the document has been altered after it was signed.

You can obtain an electronic signature from companies certified to issue electronic signatures; you need to collect and submit a package of documents, pay for the service and after a while receive a signature. By the way, some companies offer to issue a purchase order in just one hour, but the digital signature must be updated annually.

Why is an advance paid?

Once the application for participation is approved, the participant must make an advance payment, which confirms the intentions of the potential buyer.

An advance payment is needed to ensure the fulfillment of obligations - if the buyer refuses to pay for the lot that he won (at any stage of the auction) , that is, in fact, disrupts the auction, the money will not be returned to him.

All other participants after the end of the auction can safely withdraw their money, except for the winner, in his case the advance payment is counted towards the full payment amount. In principle, after the auction is closed, you don’t have to take the advance payment, but simply transfer it to future auctions.

Could manipulation by the organizers take place?

Those who have only recently encountered the possibility of purchasing real estate through an online auction (yes, this is not the most popular way to buy a home now) may suspect a corruption component. Thus, there are rumors that some organizers may “play along” with individual participants or exclude citizens from participating in the auction for no reason. In fact, this is not practiced (at least in the case of independent online real estate auctions) , since it contradicts the interests of the organizers, who try to sell the home as expensive as possible, because the amount of commissions directly depends on this.

Preparing to participate in the auction

Before taking part in the auction, you need to responsibly prepare for this event. First of all, you need to collect the amount needed to buy an apartment; this is perhaps the most difficult moment for the vast majority of potential buyers. In addition, you need to issue an electronic signature, as already noted, this is a necessary condition for participation in the online auction.

Then you need to find electronic auction sites and familiarize yourself with the objects on offer. It is necessary to study everything related to the proposed property, establish its real market value, assessing all parameters without exception:

• Quality of housing. Find out the footage, location of rooms, condition of the residential building (age of the object) . If the house is more than fifteen years old, there may be problems associated with the regional engineering infrastructure (hot and cold water supply, electrical networks, sewerage, heating) . There will be no information on the site about the presence of such problems; you need to look for it yourself;
• Location. It is necessary to understand the level of transport accessibility of the object, the presence of a public transport stop within walking distance, as well as the necessary social infrastructure (shops, kindergarten, school) .
• Legal parameters. Who is the current owner, how many people are registered on the proposed square meters, whether various encumbrances are imposed on the property.

The disadvantage is the fact that you cannot come and look at the condition of the property, that is, until the purchase, you can only guess how much money you will have to pay for repairs. However, if a potential buyer intends to begin his stay with a major overhaul, this circumstance can be ignored.

If the offered apartment is satisfactory in all respects and the price is lower than the market price, you can register on the auction website, fill out an application, wait for approval and make an advance payment.

Recommendations for participating in the auction

Keep in mind that the cost of housing will definitely increase relative to the original price, if, of course, the apartment is worthwhile, so determine the upper threshold in advance - the maximum amount of money you would like to pay.

Auction trading is quite a gambling activity, and for this reason, the cost of real estate can rise higher than the prices of apartments with similar parameters that are available on the market, where you can buy them at any time.

Therefore, determine for yourself a price limit, above which the transaction will, in fact, be meaningless.

Cases have been recorded when the cost of auction apartments during auctions exceeded the market price by one and a half times only due to the rush of participants. Therefore, try your best to stay within the limits, and remember that if you cannot pay the price you quoted, the advance payment will not be returned to you.

When buying an apartment at an auction, keep in mind that at the time of physical transfer of the apartment, residents may refuse to move out; such cases do occur.

For example, refusal to evict may be motivated by the presence of a newborn, a disabled person, or a number of other reasons.

Do not forget that apartments are often sold through an auction by a court decision, and not by the will of the owners, and in such a situation people often find themselves without money and physically cannot move to a rented apartment.

The district police officer will not help you in this matter. To evict, you must apply to the court with a corresponding application; sometimes such processes drag on for years. In addition, owners can stall for time in every possible way by remaining to live in the apartment, and in some cases this works out quite well.

To do this, you just need to file various claims in court (and other authorities) . Court decisions, auction results, court proceedings with a mortgage bank, etc. may be challenged.

, and even if the case is obviously a losing one, the time allocated for consideration makes it possible to live in the apartment for an extended period.

Conclusion

If you decide to take part in real estate auctions, remember that the risk of being deceived does not disappear, because large sums are involved in the transaction. Check the companies to whose account you are transferring the advance payment (or the full amount if you win) , check the legal side of the transaction. Perhaps a good solution would be to consult an independent lawyer.

And most importantly, avoid haste and excitement; excessive haste can lead to loss of money at any stage, from deciding to participate in the auction to completing the transaction.

Is it worth buying an apartment at auction?

Perhaps for some, the archaic word “auction” is associated only with the century before last, the smell of mothballs, or with a vivid episode from the movie “12 Chairs.” But auctions still exist near us today, moreover, they work successfully.

Public sale of antiques, cars, and various things according to established rules is popular in Russia. Real estate auctions are also active.

Every adult citizen of Russia has the right and opportunity to purchase an apartment at auction, and the transaction can be very successful.

Features of auction sales

Auctions are organized by large trading companies, seller associations, brokerage auction firms, but most often auctions are organized by banks and government agencies, for example the Federal Bailiff Service.

Each public auction is held individually according to strictly defined rules, for example, auctions announced by bailiffs are regulated by law.

Auction trading technology

There are two types of auctions based on the method of setting prices:

1. With increasing prices (English type). The winner in such an auction is the person who offers the maximum price.
2. With price reduction (Dutch type). The winner is the one who first agrees to pay the announced amount.

Both options are used at auctions for the sale of apartments. There is another type - online auction (Scandinavian type). It works to increase the price and the participant who made the last bid by the end of the auction wins. In such events, the opportunity to place a bet is usually paid.

Auctions can be open or closed. During open bidding, everyone sees the opponents' bids. In a closed auction, bids are submitted to the auctioneer (auction organizer) in envelopes; they are not publicly disclosed. At one time, privatization auctions were held in Russia using this type.

The auction method of selling real estate, or as it is also called the “quick sales method,” was developed by the American Bill Efros. In America, this method works great, playing on the passion for gambling of many people in the country.

The property is put up for auction at a reduced price, which attracts the attention of potential buyers. As a result of skillfully conducted auctions, the price quickly rises, and those interested in purchasing actively increase the price.

The buyer is the one who was able to beat the others and pay the highest price. In Russia, the population has a more practical mentality and this method is not very popular.

Among realtors there are supporters and opponents of the auction method of real estate trading. According to unofficial data, less than 1% of all apartments sold are sold in this way.

Which apartments are included in auctions?

Unfortunately, in recent years the number of people unable to service bank loans, credits, and mortgages has increased. Persons subject to bankruptcy proceedings also have to pay off creditors. In this regard, cases of apartment sales through auction have become more frequent.

Theoretically, an apartment at auction can be purchased at half the market price. It is possible that there is an increase in real estate prices on the market, but prices at the auction site remain the same. During auctions, it is allowed to attract mortgage loans and maternity capital. The terms of a home purchase agreement can be very attractive.

More often, apartments on the secondary housing market end up at auctions, but there are cases when brand new apartments in new buildings are also put up for auction. It is considered especially lucky if the house has already been commissioned by the builders and registered in the Unified State Register of Rights to Real Estate and Transactions with It.

Organization and holding of auctions

Information about the upcoming auction is published in local media, and, if required, in the federal media.

The first step of the auction is to determine the market value of the property put up for sale. Then a time is set for the auction, where the property must be sold. In addition to traditional open auctions with an auctioneer hitting a wooden mallet and declaring “Sold!”, there are electronic auctions.

It must be said that the “lion’s share” of auctions for the sale and profitable purchase of real estate are held on electronic trading platforms, the so-called ETP portals. Therefore, it is worth dwelling in more detail on this method of conducting auctions.

Electronic trading platforms

To participate in electronic trading, you must have a personal electronic signature of the EPC option. CEP (qualified electronic signature) is a strengthened version of EDS (electronic digital signature). It is issued in organizations authorized to issue it in accordance with the Law of the Russian Federation “On Electronic Signatures”.

The CEP is valid for one year, the cost is from 2000 to 4000 rubles. You can receive it either to participate in auctions on one auction site or several.

Having received the electronic signature, you can register on the resource that plans to hold the auction. After registration, each participant is given the right to use a personal account on this electronic platform. An application for participation in the auction is submitted from the LC.

The participant transfers a deposit to the account of the auction organizer; as a rule, it is no more than 20% of the market value of the object put up for sale.

This amount is not returned to the winning bidder, but goes toward payment for the purchased apartment. The remaining amount must be immediately transferred to the seller, after which a sales contract is drawn up.

Less successful participants can return the deposit or use it in the next auction.

Auction stages

Real estate auctions are held in stages. Typically, the first and second stages involve increasing prices. Moreover, the starting price is set slightly lower than the market price, at the first stage by 10%, and the auction step is 5-10% of the lot price. There are usually no people willing to buy an apartment under such conditions.

At the second stage, the price of the property being sold is reduced by 30%, but the principle does not change and the bidding step remains the same. In this situation, you can benefit from the purchase, but this is very doubtful.

The third stage is considered the most interesting and effective - the principle of price reduction is included. A certain price for the apartment, an auction step (usually the same 5-10%) and a duration, for example a month, are set.

The price decreases until one of the bidders expresses a desire to buy it for that amount. The reduction can occur multiple times and reach the stated level (“cut-off price”). The price does not drop further.

Thus, an apartment can be purchased at 2-3 times lower than the market value.

But you also need to know how to buy an apartment at an auction and not get into a difficult situation.

How to avoid unpleasant surprises

Experienced professionals, such as auction organizers, are not able to protect bidders from the problems that they may encounter after purchasing real estate. The apartment for sale may have encumbrances that will not interfere with its sale. The most common are:

• unpaid debts for utilities. The amount of debt can reach gigantic amounts, literally hundreds of thousands of rubles. To eliminate this problem, you will have to go through many instances, including the court;
• refusal to evict tenants living in the apartment. The eviction procedure can be very long and complicated, and if it contains minor children, disabled people, or is the only place to live, it can be almost impossible.

In this case, experienced lawyers advise filing a vindication claim against the cunning tenants who do not want to leave someone else’s apartment, i.e. a claim by an owner to seize his property from someone else's use. In this situation, the illegal owner is given five days by court decision to evict. Otherwise, the forceful option of forced legal eviction is used.

To avoid sticky situations and financial losses, before purchasing an apartment at auction, it must be thoroughly and very carefully studied. If you have such an opportunity and a lot of free time, it’s possible to do this. But it's better to turn to a professional.

Paying for his services will pay off many times over with a profitable transaction, and you will free yourself from the encumbrances of a problem apartment, checking its legal purity, possible machinations of auction organizers, and delving into the intricacies of auction trading.

At least 80% of apartments at auctions are purchased by realtors for further resale. But why not take part in the auction yourself? There is a high probability that Fortune will be on your side.

What is the “auction method of selling” an apartment?

There are different methods of selling real estate. One of them is the so-called “auction”. It is notable for the fact that it causes serious controversy: some realtors consider it a useful tool to help sell homes, others speak extremely negatively about this method, and others have not heard of it at all. About what this method is and how it is used.

We’ll help you find out the real rates and get a mortgage decision without leaving your home!

What is called the auction method of sales?

Maria Litinetskaya, managing partner of Metrium Group , says that “today in the capital’s real estate market, housing auctions are common only for the sale of property of debtors (for example, those who have not made mortgage payments) or bankrupt companies. For this category of owners, an auction is the only way to pay off debts.”

However, it is worth emphasizing that this material will not talk about auctions as such, but about the method of selling housing, which in realtor parlance is called “auction”. So, what is it? The auction method is a quick sales method that was developed in America. Bill Efros is considered its inventor.

The essence of the method is that the apartment is offered at a reduced price, which naturally attracts a large number of potential buyers to the property.

Further, as a result of skillfully conducted negotiations and auctions to increase the price, a narrow circle of buyers most interested in a given apartment is identified, who, as a result, pay the highest price for this object. In Russia, this method in a modernized form is used by a number of trainers, some even systematically teaches him.

However, it is worth noting that this method is not widely used, as it is only one of the existing sales methods. According to experts, no more than 1% of apartments are currently sold to them on the market (although there are no exact statistics).

Two sides

If you read real estate forums, you can see that among professionals there are two camps - supporters and opponents of this method (in fact, there are also those who know nothing about it). Supporters convince clients that this is a really quick way to sell a home; opponents call it almost a “scam.”

What does the law say about the auction method of sales? Is it even legal?

Alexander Maltsev says that “in Russia there is a law on auctions, which prescribes that certain rules must be followed when conducting auctions. They must be observed when holding auctions by government agencies. Since agents know little about this law, the name “auction” is purely everyday in nature. By law, this sales technology cannot be called an auction in full. Therefore, officially, when using the auction method of sales, inexperienced agents write the word “auction” in advertising, while experienced and more legally literate agents do not write such a word. The fact that the apartment is being sold by auction can be determined by the low price, followed by the addition of “...or the best offer.” You can also guess this by the date and time of the display: regular sales are made during showings by agreement, but during auctions the viewing day is pre-determined for all participants.”

In his opinion, people respond negatively to this method because they hope that the apartment will be sold to them at the price stated in the advertisement.

“Naturally, they are unpleasant when they go to view an apartment at the same price and are already rubbing their hands in the hope of getting a good deal, but on the spot it turns out that they are not the only contenders and the price rises before their eyes by 20-30%. But there are no miracles in the market, you need to understand this.

You’re unlikely to be able to buy a liquid asset cheaply through advertising,” says Alexander Maltsev.

How can an auction participant avoid losing?

What to do if you end up at an auction? How not to end up a loser? Experts assure that there are no risks, the only thing is that you can buy an apartment at a price higher than the market price. However, since the “auction” is still unofficial, the buyer can always refuse - no penalties will be required from him.

However, not everything is as simple as it seems. Auctions, both residential and other, are based on the fact that the emotions of participants take precedence over reason. In order not to lose your head, you need to understand, firstly, the purpose for which you are going to this event. Secondly, it is imperative to know the market situation.

If the market price of an apartment is seven million, but is offered for six, then you can bargain up to six and a half, and up to 6.8 million - it will still turn out profitable.

Alexander Maltsev also notes that even if you work with a realtor, you should be careful: “If you have a real estate agent, then you need to rely on his integrity - the fact is that sellers using the auction method motivate the buyer’s agents with part of their remuneration.

That is, the buyer's agent, who attracted his client to the auction, will receive a bonus from the seller's agent in the event of a successful purchase. So, if your agent works for you “for free,” then rest assured that he will receive his compensation from someone other than you.”

Alena Prodai, psychologist, real estate expert , believes that “although many realtors are happy to copy Western technologies for selling real estate, such a copy will not take root here, the so-called “auction method of selling” is absolutely not in the mentality of the Russian people. In our country, if a person sees that an apartment is being sold at a discount, he will not come to buy it at an increase - our mentality is set to lower the price. In my opinion, no one will give more than the “market” price for an apartment in Russia, especially in Moscow, since there is no exclusivity factor, but they will only give that discount, which is included in the concept of bargaining.”

However, now that there is a buyer’s market and not a seller’s, auctions do not take place in the apartment, they have been improved and modified.

Alexander Maltsev says that “now you won’t see your competitors at the time of trading.

They will simply call you and ask at what price you are willing to purchase an apartment, and will also inform you that there is already a buyer for such and such a price. If you do not agree to give a larger amount, the apartment will be sold to another participant. Whether this other participant actually exists is unknown. It could also be a bluff.

But as a rule, there is such a participant, otherwise the meaning of auction negotiations disappears.”

In conclusion, it is worth saying that in many respects the attitude towards auctions depends on which side you are on. If the buyer falls for it, the impression may not be the best. However, the organizers claim that they are not doing anything illegal. So don't lose your head and try to turn the situation to your advantage.

We’ll help you find out the real rates and get a mortgage decision without leaving your home!

How to sell an apartment and put it up for auction | Bankruptcy Bidding Academy

How to put an apartment up for auction?

Most often, apartments are sold through advertisements or through realtors; in some cases, real estate is sold through auction. If buying it at auction is quite simple, then how to put the apartment up for auction for sale, and is it profitable to do so?

Content:

What kind of real estate is up for auction?

There are various types of auctions where apartments, houses and plots are sold. The main types of auctions are as follows:

• land auction;
• government tenders;
• loans-for-shares auctions;
• bankruptcy auctions.

The peculiarity of land auctions and government tenders is that the owners of the property put up for auction are state-owned enterprises. Their property can be sold to both companies and ordinary citizens. Anyone can take part in the auction.

• I wrote more about purchasing plots at land auctions in another article:
• Article: “How to win a land auction?”
• At collateral auctions organized by bailiffs and at bankruptcy auctions, both real estate and cars or equipment once taken on credit can be sold.
• As you understand, in these cases, anyone will not be able to become a seller, since only executive authorities can put the property up for auction by court decision.

How to put an apartment up for auction for an individual

There are auctions for the sale of apartments organized by real estate agencies. These are tools of a real estate marketing strategy that are not directly related to bidding.

Their main goals:

• to stir up interest in the real estate for sale;
• artificially create a “hype” around not the most popular lots;
• give apartments a scarcity status so that buyers make decisions quickly;
• have the opportunity to raise the price.

Most often, the auction takes place unnoticed by the participants. The buyer only learns about possible “competitors” who want to look at the apartment and are willing to pay a little more. Thus, he is encouraged to take part in secret auctions and raise bids.

1. This method of selling an apartment is profitable only for the agency and occasionally for the seller.
2. If you are interested in buying real estate, then you can make a deal with maximum benefit at a bankruptcy auction.
3. As part of the bankruptcy procedure, apartments of individuals and organizations, among other things, are sold at auction, which are put up for auction not by the debtor himself, but by an authorized person - the bankruptcy trustee.
4. His goal is not to make money, but to ensure the sale of property at a price that will cover the debt to creditors, therefore, at the last stage of bidding, the price of objects is reduced.
5. This is a huge market where various properties are sold and where you can buy real estate several times cheaper than its normal cost.
7. By the way, for those new to this topic, I am conducting a master class absolutely free, where I will talk about how to find and buy apartments at auction for 30-50% of the market price.

Interesting?

Click on the button and sign up for a free master class to learn about the 5 steps of Dr. Watson's Formula, how to buy cars, apartments and houses at bankruptcy auctions with a 50 - 90% discount!

If we return to the correct understanding of the term “auction”, then the question “how to sell an apartment through auction?” There is only one answer - declare yourself bankrupt.

The bankruptcy procedure is necessary in order to partially or completely free oneself from credit obligations if there is no way to pay off the debt.

At first glance, the scheme seems convenient: if you have nothing to pay, you can go through the bankruptcy procedure and free yourself from debt. But it should be understood that after the sale of property at a price several times lower than the market price, the bankrupt also receives a number of restrictions:

• You cannot hold any leadership positions for 3 years;
• You can go bankrupt again only after 5 years;
• Within 5 years, when receiving any banking products, you must notify creditors about this.

The court automatically declares you bankrupt if:

• your debt to creditors totals more than RUB 500,000;
• you have not paid your bills for at least 3 months.

Both the bankrupt himself and his creditors can file an application with the court. If the amount of debt is more than half a million rubles, then by law you need to declare it yourself within a month.

Based on the results of the court hearing, two options are possible:

• settlement agreement with debt restructuring and new repayment terms;
• repayment of debt by putting property up for auction.

If you are unable to reach an agreement with your creditors, the next step will be to have your property assessed and conduct a bankruptcy auction.

Bidding stages

A bankruptcy trustee is appointed by a court decision to hold a bankruptcy auction. He will organize the auction and communicate with potential buyers.

To determine at the expense of what property the debtor will repay the debt, it is identified and described. The law establishes that the bankrupt must provide a list of property that can be sold to pay off the debt. At the same time, the bankruptcy trustee also has the right to identify the debtor’s assets.

The auction takes place in three stages:

1. primary;
2. repeated;
3. public.

If the lot could not be sold at the first stage, the auction moves to the second stage. At the same time, the price of real estate put up for auction in this case falls by approximately 10%.

At the third stage, the cost decreases constantly. The reduction step is predetermined by the organizer in each case.

• In another article, I described in detail the bankruptcy bidding procedure from beginning to end, and also talked about the timing of their implementation:
• Article: “Sale of the debtor’s property in bankruptcy: procedure for sale”

The auction period may be extended if the property cannot be sold quickly. The bankruptcy procedure is considered completed only when the debt to creditors is fully repaid.

So is it necessary to put the apartment up for auction? If the property is not pledged, it is more profitable to put it on the bulletin board, since it will not be possible to sell the apartment through auction at the purchase price.

The assessment is carried out only on the basis of the amount of debt that needs to be compensated to creditors, without any additional benefit to them. It is also in the organizers' best interests to sell the property as quickly as possible. The market price in this case can greatly delay the entire process.

Training in earning money at bankruptcy auctions

Unfortunately for the debtor, sometimes apartments are sold at ridiculous prices and do not cover the entire debt. But if you want to buy real estate, this is your chance to save money.

In the video below you will see an example of such a lot - a luxurious house in the Moscow region for the price of a two-room small apartment:

Real estate in the Moscow region

Due to property prices, bankruptcy auctions attract not only those who want to buy an apartment for themselves, but also those who see this as a profitable business.

Academy students receive practical secrets and formulas for winning auctions, even if the competition is very high, and due to this they organize a business with an income of 100,000 rubles.

To successfully make money at bankruptcy auctions you need:

• knowledge of the intricacies of legislation;
• ability to work with auctioneer tools and competently interact with the bankruptcy trustee;
• analytical skills, ability to assess the liquidity of a lot;
• practical knowledge.

The Academy team will share our secret formulas at a free master class. If you have an idea about bankruptcy bidding, then you will learn about strategies that work and the secrets of finding lots that you can apply tomorrow.

And if you are a beginner, after the master class you will leave with a full understanding of this business and with a step-by-step plan for buying any bankrupt property, from buildings and land to computers and scrap metal. Register for the master class using the form on the page:

Interesting?

Click on the button and sign up for a free master class to learn about the 5 steps of Dr. Watson's Formula, how to buy cars, apartments and houses at bankruptcy auctions with a 50 - 90% discount!

Apartments from auctions and bankruptcy auctions - Moscow

There have been many changes in the modern Russian residential real estate market in recent years. First of all, in this section we will talk about apartments. You can look at country houses and townhouses in our other sections. People and companies buy houses and apartments and then sell them due to various life circumstances. One of the most common circumstances is the bankruptcy of the owner. We have been helping in the purchase of apartments at auction for more than 10 years. In our online catalog we present you the most interesting things that are currently available from all over Russia. All objects are carefully and carefully selected by analysts of the investment company No. 1 Invest Trading. A whole department of analysts is working on this. At the same time, each lot goes through a strict filter, and garbage offers are rejected. You can trust our specialists.

Trust the professionals of InvestTorgi.ru!

We will put our 10 years of experience at your disposal. We make risks minimal and return on investment maximum for all our customers; every ruble of our commission pays off more than once. Be sure of this.

Apartments up for auction

Now there are enough proposals of different categories and degrees of readiness. The residential real estate market is replete with various properties put up for sale for debt. This abundance, in the eyes of an inexperienced buyer, is extremely difficult, and navigating a large number of offers can indeed be difficult. There is a high probability of making a fatal mistake when purchasing an apartment on your own through an auction, since there are many different aspects that the buyer, perhaps making such a transaction for the first time in his life, is not aware of. With experience, of course, the number of mistakes becomes significantly smaller, but the risk of being left without a deposit or taking substandard junk is always there. In such cases, there is a company called InvestTorgi with experienced specialists. When purchasing residential premises at a debtors' auction, we resolve issues of any degree of complexity! Our specialists will help you buy an apartment in Moscow and the Moscow region at a debtors’ auction, as well as throughout Russia, that would meet your wishes in terms of location, area, quality and price, and not make a mistake. Often, apartments put up for bankruptcy auctions are freed from mortgage encumbrance. As a result, you purchase housing, albeit in a slightly more complicated way, but significantly cheaper than the market price. The benefit can be up to 30%!

Thanks to this, there is a real opportunity, after a short period of time, to resell the item at the market price. It is worth saying that there will be competition at the auction of the most interesting lots, but there is always the possibility of obtaining housing at a discount from the auction. Customers value our company precisely because we achieve the best results even in cases where the situation gets out of control.

Unfortunately, there are situations when the experience, money and magic of our specialists are powerless. We inform customers in advance about these rare cases and possible complications.

You have already taken the right first step and visited the website of the best company for purchasing residential apartments through bankruptcy, InvestTorgi.ru! The easiest way is to call us by phone or make a request through the feedback form to our company. Our specialists will take full responsibility for supporting the transaction and cleaning the apartment. This is the simplest and most correct step in this situation. All the offers that we have selected for you have been carefully selected by our specialists and will please you, first of all, with their validity and accessibility. As a rule, our proposals no longer need to be double-checked. However, there will always be a competitor for the most interesting auction lots. It happens that the cost in the process rises almost to the market price, but everything depends on us. If necessary, our specialists will organize a viewing of the object you like, because sites are not obliged by definition to provide inspection to everyone. After inspection, you will be able to more fully determine the attractiveness of the lot for investment. Send a request for transaction support to us, and we will take most of the troubles upon ourselves. With a 95% probability, our customers will win the auction. The stages of bidding are the same and are regulated in our case by Law 127 Federal Law as amended in 2018. The first ones are carried out at the market price. Next, the second stage is to reduce the cost and offer the confiscated apartments below the market according to a pre-approved price reduction schedule. And the third stage is holding a public auction, where the cost is the lowest. You can enter the auction as our customer at any stage; do not forget to coordinate this step with our specialists. Purchase of confiscated apartments of mortgage debtors. There are always enough residential properties in circulation that are put up for auction for non-payment of mortgages. Legally, such an apartment belongs to the bank, and it is not difficult to write out debtors in any number. In such a sale, first the debt to the bank is repaid from the received funds, the remaining part of the money goes to the debtor and his creditors according to shares. After the transfer of ownership, the encumbrance is removed. The whole procedure takes a month, or at most two. Next, the owner, at his own discretion, disposes of the purchased housing.

If the apartment is confiscated, but not mortgaged, investtorgi.ru specialists strongly recommend checking the cleanliness of the lot. In this case, there are a number of pitfalls that can significantly complicate the owner’s future life.

Pay special attention to the registration of minors, dependent people, disabled people, etc. Already want to buy a confiscated apartment cheaply? Come to us! And we will definitely help you. Moreover, we have a staff of leading specialists in this industry at our disposal.

Sale of apartments secured by the bank.

Often, a loan is taken out on the security of real estate, which is not returned to the bank. According to the court, property is torn away from the owner. Such cases are quite common in the business environment.

In this case, there are features of the procedure for clearing the encumbrance. However, with experience, everything does not look so difficult. As a rule, before giving a loan, the bank checks the property on its own.

We will carefully guide you through the entire procedure, which will result in winning the auction.

Thus, our online catalog includes secondary housing in Moscow. To buy secondary housing in Moscow at a bankruptcy auction, call us on our phone number 8 800-100-3316, or leave a preliminary application. Our specialists will organize a viewing of the property you are interested in with the bankruptcy trustee.

Features of trading and auctions of residential apartments in Moscow.

Dear visitors of our online resource who have not yet become our partners. Our experts strongly recommend hunting for your favorite lot more carefully and responsibly. Don’t think that the real estate market is dead and is only waiting for your presence. Every day our company is approached by investors who are trying to jump on the train of already completed trading.

The apartment market in Moscow has always been and remains highly liquid and profitable. If last night the price became very profitable, then the likelihood that it will be taken away at this stage is quite high. Please contact us in advance. There are quite a lot of players in this market who are well versed in the real estate market and will definitely take an apartment with any degree of encumbrances at a favorable price.

Please contact us in advance!

Our company has a special department that has tactics and strategies for winning auctions with a 95% probability. Moreover, most of the market players are known to us, and we have already crossed paths with them in one way or another. In view of the emerging competition and the relative maturity of the industry, such cases when you come and buy secondary housing at a profit at auction and without competition no longer exist.

Notify our company early!

For us, an extra day of monitoring the lot is not at all an extra ten percent to the victory in the end!

Give yourself an extra chance, and don't give your competitors a chance. We are waiting for you in our office!

Do you want to participate from your city?

We will resolve this issue, but approval will take time. We will resolve complex issues in a working manner.

• Call the specialists 8 800 100-3316!
• In addition to apartments, secondary housing in our online catalog you will find country houses and cottages in excellent condition and extremely inexpensive at auction.
• Our specialists will provide qualified assistance with tenders and auctions for bankrupts and debtors at all stages.

Call us and we will definitely help you. Sincerely, Company No. 1 InvestTorgi bidding and bankruptcy auctions.