Credit for the purchase of a property at a public auction

About public auctions

The public auction of a property is organised by a notary and takes place through the submission of bids. The notary organises time slots for viewing the property. It is not possible to visit at other times. Once the viewing period is over and the potential buyers have been informed of the property's characteristics, the notary begins the auction. The sale will be awarded to the highest bidder.

All the searches and surveys (soil survey, possible rights of way etc.) are carried out beforehand, so the buyers have a comprehensive overview of the property. This system also offers a level of transparency that is sometimes missing from private sales, because the purchase value is the actual, indisputable price of the property and only varies as bids are submitted.

The importance of being well informed

There are several important points to bear in mind at a public auction. In contrast to a private sale or a sale via an estate agent, there is no suspensive clause in a a public sale. The buyer is therefore bound by a definitive agreement, subject to sometimes heavy fines.

This makes it essential to prepare before buying a property at public auction. How much can you bid? What is your limit? What additional costs should you expect? Entering a public auction is not something to be taken lightly, so you need to choose a trusted and experienced travelling companion. Choose our credit company to help you with your projects.

At LR Finances, a credit broker and insurance broker with over 20 years' experience, every client is special. We strive to establish a relationship with our clients based on real trust. We work hand in hand with each of them, from the initial idea to the completion of any professional or private project, in terms of both credit and insurance.

Contact us for a personalized offer

The purchase of real estate from a public sale is a serious project whose outcome is linked to your personal situation but also to the financial partner you choose to achieve your objective. Mortgage broker for more than 25 years, "LR Finances" also helps you realize your biggest real estate projects. Our know-how as an independent credit broker allows us to offer you personalized advice and to obtain an advantageous offer adapted to your situation. Contact our agency without delay for more information and to obtain a personalized offer according to your needs.