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What happens if the property I bid
for has got problems with the title?
With Nerja Property Auctions this is not a problem as all properties come
pre-conveyanced with the purchasers interest in mind. Therefore before
bidding on a property you will be in full possession of all the details
as to the property you are interested in.
What if I cannot personally attend
the auction?
NPA offer the facilities of proxy bidding, telephone bidding and online
bidding. By pre-arranging one of these options you can be secure in the
knowledge that you can leave your bidding to a professional acting in
your best interests.
What if my property does not sell
at auction?
If you are unsuccessful in the first auction then there will be a second
chance for your property to sell.
What if my property does not make
the amount of money I want?
Before entering your property into the auction you will have a meeting
with NPA where you can discuss your reservation price. This guarantees
a minimum price for your property.
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What happens if I am the successful
bidder on a property?
If you are the successful bidder you will be required to pay a reservation
deposit of €5.000,00 on the day of bidding. Then sign a private contract
within 14 days. Normally we will look to complete on the purchase within
28 days of the auction.
What if I require a mortgage to purchase
the property?
All properties will also come with a provisionally approved mortgage,
if available. This will be dependant on the individual circumstances of
the purchasers.
What if I require legal representation?
Because LVR are working independently for NPA, you can also request their
services at a reduction of 50%. Therefore, you can have legal representation
available to you on the day of the auction. LVR are regulated by the Malaga
Bar Association and as such have full professional indemnity.
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