Auctioned property is not always good business
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Purchasing a property at auction can be a great business for those who want to invest in real estate. Some brokers get the hammer to hit a value of 20% of a particular property market andreacaliente conventional. However, the right professionals warn that what may seem a highly profitable business can become a nightmare.
According to the director of the Regional Council of Real Estate Brokers (grows), Mariano Dynkowski, it is essential that the buyer has an extra caution when searching a building in public.
He says the vast majority of buildings that will be sold by auction to a bid of about 85% of market value. To Dynkowski, the alert is on account of the property secured by a percentage less than 60%. "These apartments usually go to auction due to lack of payment of benefits assumed by borrowers," he says.
According to the Brazilian Institute for Study and Defense of the Consumer Relations (Ibedec) after three months of delay, the property could go through a court auction process. This is an attempt to get bank credit granted to the borrower.
The chairman of Ibedec, José Geraldo Tardin, can generate a series of problems for those who farm the property. Therefore, he emphasizes that it is essential that the person to focus edict and is aware of all the conditions of the property and the purchase process. "It is important that the future buyer also requests a negative certificate of the property and the seller in the State Justice," he says.
Tardin to the possibility of a good business can not enforce the risk of possible legal imbroglio. If the property is occupied, the direction is also the intention of buying out.
"This deal is only interesting if the value of the winning bid amount to a value 30% lower than market value. Ie, an apartment worth U.S. $ 500 sold to R $ 400, "he says.
Tardin which is common to the current resident is angry at the situation and cause damage in the building. In this case, according Tardin, the proper recourse is to the buyer through a legal action reivindicatória of ownership.
However, if the borrower occupying the property contests the action, or if you have any action in court seeking to declare the nullity of the auction, the fight may extend for up to 6 years.
"Meanwhile, the buyer is obliged to continue paying the benefits even without living in the building," he says. Moreover, Tardin explains that the buyer should bear the costs of fees of lawyers and payment of court fees. "Our guidance is that the person does not buy on impulse and seek the assistance of a lawyer," he says.
Source: Paraná Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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