Notarial real estate auctions
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Summary of real estate auctions
What is an auction sale?
A notarial real estate auction is a public sale culminating in awarding the property to the highest bidder.
The auction houses are open to everyone interested in a sale, so it is possible to attend it.
Auction sales organised by notaries take place :
- either by inch of candle for a legal and amicable (voluntary) auction
- or by stopwatch only for a legal auction.
This specific form of sale involves the best advice of your notary, who guides you throughout the process. He appears as a mediator.
Who are the sellers?
All individual owners, companies, associative or institutional owners can resort to auction for selling a property. This voluntary auction is also called amicable auction. However, given the intrinsic qualities of this method of sale, many institutions such as the Government and local and regional authorities use this type of sale.
What kind of properties are sold in auctions?
Any type of property can be sold in auctions and a large majority comprises standard housing, apartments or houses. Nevertheless, it is possible to find a large variety of immovable properties in auctions: residential or office buildings, land for construction or for leisure activities, old archival premises, lighthouses, old schools, stations, etc.
In this context, the state departments of France Domaine and AGRASC (Agence de Gestion et de Recouvrement des Avoirs Saisis et Confisqués - Agency for the Recovery and Management of Seized and Confiscated Assets) naturally use auction sales and prefer resorting to this public sale procedure. Moreover, partnership agreements have been signed with the High Council of Notaries.
Useful links :
> List of notarial real estate auction advertisements sorted by sale session
> Results of the notarial real estate auctions
> Search for an advertisement of real estate auction by region