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These are the advantages of acquiring a property at auction

For many people, the process of acquiring a property can be intimidating. Especially if it is the first time they buy a residence, land or commercial property.

However, there is an excellent alternative for those 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 inflow of additional money when renting them.

These are the live auctions, events that Centro Casas Subastas has been holding for more than two decades with great success in Puerto Rico. But what are the advantages of acquiring a property through public auction?

1. Best prices

There are high odds of finding discounts of up to 70 percent below appraisal. This represents a significant saving, which allows the person who is going to buy, to make better use of their budget.

2. Transparent process

Because the negotiation is done out loud, people know who they are bidding against during the process.

3. Variety of alternatives

In La Subasta of Centro Casas Subastas dozens of properties are usually presented. At each event, the catalog usually includes: houses, apartments, commercial offices, land and much more. In this way, interested people have a diversity of options to analyze.

4. Greater control

Prior to the event, interested persons must coordinate an appointment to visit the property or properties they are interested in acquiring. In addition, it is required to apply for a prequalification with the bank of your choice before participating in La Subasta.

Como la negociación se da a viva voz, las personas saben contra quién están pujando durante el proceso. 

5. Fair price

Because the property is sold to the highest bidder through a transparent process, whoever acquires it knows that they will get it at the fairest price.

La Subasta has become the best alternative both for people looking for a property to live in and for those who have turned the purchase of properties into an investment that gives them short or long-term profits, or as an inflow of additional money when renting them.