The prices of new launch condo in singapore are certainly part of the most attractive among European capitals, but for concerned people to make a bargain, an auction remains a more than interesting possibility.

With the constant increase in prices, the financial crisis, inflation risks and assumptions of collapse of banking systems, it has become essential now for more people to invest his money in stone, investment appearing as safer for many people.

Investors or purchasers have a small budget or eager to make a good deal for best performance have the opportunity to participate in a public auction in various Berlin courts. Goods are public records generally a few weeks before the auction.

Legal persons as individuals can buy real estate at auction. Nevertheless, it is imperative to well to investigate the circumstances surrounding the sale of the good concerned (often of complex legal situations) as well as to take knowledge of all details of the mandatory report on file.

The expert report contains indications on the State of construction, the position of the property, connections to networks of public supply, rights any available special use, the commercial value of the property and indicates whether or not the property is occupied by a tenant. This report can have up to 2 years ' seniority and therefore not necessarily always be very current.

It is very important to consult the extract of the land register («Grundbuch» register on which are inscribed the mutations on the buildings ownership and other real rights) which is attached also to the folder. It gives information on possible charges such as mortgage and land debts, right of way on the ground, or the duration of the right to housing. If you intend, to rebuild or expand, remember to consult in advance with the 'Bauplanungsamt' which holds plan as well as the environmental report documents and expertises corresponding.

With a minimum contribution whose amount will be fixed by the Chairman at the beginning of session (generally 10% of the liquidation value of the property) in the form of a cheque for deposit (liquid no longer allowed since 2007), it will be therefore possible to bid.

At the beginning of a sitting President auction announcement before all the essential content of the land register, said creditors and their rights as well as the liquidation value of the secured. It also draws attention also on the peculiarities of new launches in singapore as the Act of sale of immovable property; It announces whether the property is classified as a protected monument or taxes to pay on the property and sets out the conditions of auction as well as the legal minimum price.

In addition the conditions of sale auctions which resolve important issues, as for example the support of debts on the property or not by the buyer.

The Chair then invited people who wish to make an offer or their representative to make themselves known. Will need a valid identification and proof of power of attorney where appropriate. If creditors require a security interest, the Offeror must submit a minimum of 10% of the value of liquidation in cheque Court.

Once awarded the property buyer generally becomes immediately owner of good (and not during the registration in the land register). It should be noted that if it is a property with a tenant (s), an immediate forced evacuation is not possible. It is therefore necessary to investigate this point before the beginning of the auction in order to avoid unpleasant surprises.

Usually, the purchaser must have paid the full amount of the invitation to tender no later than six weeks after the auction, plus 4% of interest. (S) payments made (s) in full, the purchaser will be registered as the new owner in the land register.

Real estate auctions: a relevant alternative for small budgets or investors seeking higher returns? If they are not left impressed by all the legal paperwork, I say: "once, twice, three times awarded!".