This is a totally new format to help you buy your Spanish Property at the right price. Did you know you can potentially save thousands buy buying this way, how is this?
Sellers in Spain are subject to sometimes extortionate commissions from Agents as the system is not regulated.
As a result of this home owners selling on this platform can reduce the price substantially and pass on the savings to the buyer. Its a win win situation, the seller can sell at a cheaper price and the buyer can buy at a cheaper price.
So What Are You Waiting For?
Create Your Free Account
Its simple, just create your account and head to the members area
Complete Your Details
Complete the verification so you can place a bid or offer
Start Using & Place Your Bids
Its as simple as that!
1, 2, 3 Easy Steps!
What Is The Process To Bid on a Property
The auction procedure is not the same as a regular auction that when the hammer falls you are committed to the purchase.
Buying a property is a major purchase and various checks are crucial as well as viewing arrangements, all this can take time and cannot be concluded at the fall of a hammer. At any time during the auction you can contact the vendor regarding viewing arrangements.
As with regular auctions the highest bidder wins, the winner is contacted by the vendor to confirm the offer and give the details of the lawyer who is conducting the sale who will advise of the financial arrangements and time scale to move the sale forward.
When Can I View The Property?
You can arrange viewing with the vendor or vendors agent at anytime during the auction at a suitable date/time for both parties.
You can contact the vendor directly via the members area.
How Do I know The Vendor & Property Are Genuine?
Before a vendor can submit a property on the platform they must provide a "Nota Simple", this is the legal Spanish document which includes the current owner, any debts which may be outstanding on the property as well as other details. More about the "Nota Simple" here
Can I Bid Without Viewing?
Yes you can bid without viewing but we recommend you arrange viewing as soon as possible and NOT to buy without viewing.
Can I Make An Offer To The Vendor?
Yes you are able to make an offer on the property for the vendors consideration but please bear in mind that the price will already be discounted.
Is It Safe To Buy In This Way?
All financial transactions should be done through both the vendors and buyers respective lawyers just as it is in a normal property sale.
Can I Retract A Bid?
Yes you can retract a bid or offer up to the point when you transfer the deposit to the vendors lawyer. At this time It becomes legally binding.
How Can I manage My Account?
You can manage your account via the members area where you will see your current bids and be able to contact vendors to ask any questions.
What Payment Options Do You Accept?
NOTE: ALL REGİSTRATION FEES HAVE BEEN WAIVERED DURING THE LAUNCH PERIOD. YOU HAVE NOTHING TO PAY!
At present you can pay by credit card or by PayPal. Other options will be available in the future.