These are the advantages of acquiring a property at auction
For many people, the process of purchasing a property can be intimidating. Especially if it is their first time buying a residence, land, or commercial property.
However, there is an excellent alternative for those who are looking for a property to live in or for people who have turned the purchase of properties into an investment that gives them short or long-term profits, or as an additional income when renting them. . .
These are the live auctions, events that Centro Casas Subastas has been carrying out for more than two decades with great success in Puerto Rico. But, what are the advantages of acquiring a property through public auction?
- Best prices
There are high chances of finding discounts of up to 70 percent below the appraisal. This represents significant savings, which allows the person who is going to buy, to make better use of their budget.
- transparent process
Because the negotiation is done out loud, people know who they are bidding against during the process.
- variety of alternatives
In the Auction of Centro Casas Subastas, dozens of properties are usually presented. In each event, the catalog usually includes: houses, apartments, commercial premises, land and much more. In this way, interested persons have a diversity of options to analyze.
- Greater control
Prior to the event, interested persons must make an appointment to visit the property or properties they are interested in acquiring. In addition, it is required to request a prequalification with the bank of your choice before participating in The Auction.
Since the negotiation is done out loud, people know who they are bidding against during the process.
- Fair price
Because the property is sold to the highest bidder through a transparent process, the buyer knows that they will get it at the fairest price.
The Auction has become the best alternative both for people who are looking for a property to live in and for those who have turned the purchase of real estate into an investment that brings them profits in the short or long term, or as an additional source of money to the time to rent them.
