Matters needing attention in online auction of real estate

1, you should know whether the house being auctioned was sealed up by the court, paid by the bank or negotiated by yourself.

Generally, the seizure by the court and the repayment by the bank will be filed with the Housing Authority, and there will be relevant notices of seizure, seizure or auction issued by the court, or bank mortgage notice. However, if it is privately negotiated to pay off debts, the real estate license will be directly seized by the other party and a debt repayment contract (agreement) will be signed. Neither the creditor nor the debtor can trade or transfer the property separately, otherwise it will be deemed invalid.

2. Understand the ownership of the house.

Under normal circumstances, the houses auctioned by the court are legally owned, so there will be no problem in buying such houses. But sometimes the court will auction houses or projects under construction that have not obtained property rights for the time being. In this case, you can also buy it. However, whether the house auctioned by the court can handle the property right certificate depends on the property right of the house before the sale or auction, so you can know the ownership of the house from the court before the auction. Otherwise, at the auction site, the auctioneer will not introduce you to the property rights of the house, remember.

3. Pay attention to whether you can apply for a real estate license.

If the house has been legally registered and the procedures are complete before the court seals it up, you can apply for the real estate license according to the court's notice of assistance in execution.

Judicial real estate auction procedure

1. The auction house accepts the entrustment of customers.

The owner of real estate signs an auction contract with the auction house as the principal, and the auction house is the agent of the principal. After accepting the entrustment, it presides over the auction in the name of the auction house.

2. Auction valuation

Appraisal and valuation of auction property is the first preparation before auction, and the verification of real estate appraisal must be carried out by real estate appraisers, who should bear corresponding responsibilities for the evaluation results.

3. Determine the auction price of real estate.

Refers to the price base that an auction transaction should reach. If the reserve price is too high, the auction will fail, and if it is too low, the client will suffer economic losses. After the reserve price is determined, all parties concerned shall keep secret.

4. Determine the auction date

The date is related to the production, use and quantity of the auction property. From advertising to public auction, the interval can be about a week, and the exhibition time should not be less than 2 days.

5. Publish an auction announcement

Auction is a public bidding activity, so it is necessary to issue an auction announcement, which mainly reflects the contents of the auction property, the auction period, the auction place and other necessary matters.

6, review the qualifications of bidders

The bidders participating in the real estate auction shall be natural persons or legal persons with civil rights and corresponding capacity for civil conduct, and the auction host unit shall provide corresponding supporting documents.

7. The bidder pays the deposit

In the auction procedure, paying the deposit is one of the necessary conditions to become a bidder. If the bidder succeeds in bidding, the deposit can be converted into the price; If the auction is unsuccessful, the deposit will be refunded in full.

8. Organize the implementation of the auction

An auction shall be conducted by the auctioneer who presides over the auction, the recorder who is responsible for recording, the auctioneer who supervises the implementation of the auction and other personnel who assist in the implementation of the auction.

9. Transfer of ownership of auction items

Once the real estate is sold, the auctioneer pays the auction price and commission, and signs the confirmation of the auction sale, that is, the transfer of the ownership of the auction real estate is completed. The buyer obtains the ownership or use right of the property after obtaining the certificate of property right transfer from the auction house or the enforcement court.