Despite the changes that have emerged in the country with the tax reform and the economic aspects that directly affect families, investing in real estate continues to be one of the best options to capitalize on the future of Colombians. We at Taj Rawalpindi are here to help and guide you with what real estate auctioning is.
One of the mechanisms for buying real estate that is gaining strength in the country is the real estate auction. This draws the attention of people looking to buy apartments, houses, or investment properties such as lots, warehouses, companies, among others, which make it an excellent option.
What is an auction?
It is a sale mechanism that is transparent and democratic, it is designed under the game theory which seeks a win-win between seller and buyer. There is a good which has a base or exit price and its value increases depending on the number of offers that are given.
“Unlike a direct sale where the seller sets a price and the buyer decides whether to buy or not, what the auction does is democratize that process, bring many more people to offer and the one who ‘bids’ the most can stay with the good at the best possible price ”, expressed Helena Alcazar General Manager of Super bid.
Types of auctions
- Face-to-face: these types of auctions are usually held in a specific place where potential buyers are summoned to bid on the product that is taken out for sale.
- Virtual: through a web page, the products that are for sale are displayed and a period of time is enabled for the bidders to bid on the properties
Check out virtual auctions
One of the most profitable and secure options and which is a world trend is the purchase of real estate through a virtual auction, the Brazilian multinational Super bid offers the option of acquiring real estate in a safe and transparent way since the assets offered come from important companies in the country, which allows the user to have peace of mind when bidding.
Those interested have the possibility of visiting the properties offered, which provides greater knowledge of their structure, surroundings, total area, etc. In addition, interested persons can bid up to where they are willing to pay for the lot of interest, which allows different potential buyers to participate in the bid and they themselves are the ones who define the final price.
Be careful what they are offering
Alcazar indicated that it is important to have security and knowledge of the person or company that is selling the property, when it is a recognized company, it provides greater reliability, but for your peace of mind before making any type of payment, certify that they are really the owners of the property. Property offered.
Evaluate the price
To determine if the value is adequate, you must consider the sector where the property is located, compare the prices of nearby properties if you have the possibility or request an appraisal of the property. In Super bid, when making the sale through auction, the buyer has the possibility of bidding up to where they are willing and the final value is defined by the bid between the interested parties.