Property income is 8 1 ten thousand.

The reserve price set by the people's court at the first auction shall not be less than 80% of the evaluation price or market price. If the auction fails, the people's court may, at its discretion, reduce the reserve price at the next auction, but the amount of each reduction shall not exceed 20% of the last reserve price.

Provisions of the Supreme People's Court on Auction and Sale of Property by People's Courts in Civil Execution Article 4 The people's courts shall entrust an appraisal institution with corresponding qualifications to evaluate the price of the auctioned property. If the value of the property is low or it is easy to determine the price according to the usual method, the evaluation can be omitted.

The Supreme People's Court Eighth auction shall determine the reserve price. The reserve price of auction shall be determined by the people's court with reference to the evaluation price; If it is not evaluated, it shall be determined with reference to the market price, and the opinions of the parties shall be solicited.

Extended data:

Precautions:

1. Before buying a house auctioned by judicial organs, the buyer should know whether the property is mortgaged. If there is a mortgage, it is necessary to find out under what circumstances the property can be released.

2. Know whether the property is in arrears: Buyers need to know whether the former owner of the property is in arrears, such as property fees, utilities, gas fees, garbage fees and other related expenses. If the auction property in arrears is not clearly checked, the buyer needs to make up all the arrears before using the house.

3. On-site inspection of the real estate: the specific location, external conditions and internal conditions of the auction real estate need to be inspected by the buyer himself. In order to avoid buying a property that does not match the auction picture.

Baidu encyclopedia-court auction house

People's Daily Online-Court Enforcement Accelerates the Introduction of Big Data to Evaluate Real Estate