News Real estate agency offers RD Global Purchasing property at auction in Latvia
Property sold in Latvia in the auction -
it's a good chance for those who would like to buy a house, apartment or commercial facility at a price far below market prices.
The main reason why real estate goes up for auction is a worsening financial situation, its owner and as a consequence, the inability to pay the mortgage.
During the bidding real estate can be purchased at 30-70% below its market value. Dates are announced in advance of such auctions by the courts and published in special media.
To apply for participation in the auction, the applicant must transfer a sum of money amounting to 10% of the appraised value of the property on account of the court in which appointed bidding. In the event of purchasing this amount will be credited in the final cost. If the purchase did not materialize, then the full amount of money returned to the owner's expense. For banking operations is recommended to have an account in Latvia. In opening an account we can help, even if the client is not a resident of the country.
As participation in the auction requires not only the availability of funds, but also thorough training and a good knowledge of Latvian language, it is recommended to participate in it through an agent specialist with relevant experience. Thus, you can develop good behavior during the auction and its own strategy.
When choosing a real estate sold in Latvia, with auction and when buying it you can always count on our professional support.
The procedure of buying property at auction
The acquisition of real estate that goes to Latvia from the auction can be divided into three stages:
Stage 1. Submitting an application for a selection of real estate
If you are interested in one of the sites offered by us, then when an application refer to it - this will give you information more quickly.
If none of the objects on this site does not meet your criteria, you can make us an individual request and we will find suitable options for your investment.
Step 2. Processing of applications and preparation for participation in the auction
Once we receive your request, we begin to process it. If you have sent us a request and an individual mentioned in the application parameters for selection of real estate is not enough, we will contact you to make the necessary adjustments. After that we will find you several options for property going under the hammer, which will fully comply with your wishes.
Term selection options - up to 7 days.
The optimal scheme of preparation for the auction as follows:
1. Advance (by email, phone, fax) you get to know the number of objects that meet your criteria and select option 3.1, as reported to us.
2. After this 2-3 weeks before the next auction you are planning a trip to Riga / Latvia, where we will arrange for you to display these objects (generally an external inspection of the building) and to advise you.
3. While in Latvia, with our help you open a bank account and deposit it in cash or by bank transfer the amount necessary to subsequently apply for participation in the auction. We also offer the possibility of opening an account in the Latvian bank through a representative office in your city, our bank - a partner. Transfer money, you can then on-line (internetbanking) from anywhere in the world.
While in Latvia, you arrange for an employee of our legal department attorney to participate in the auction, after agreeing with the maximum bet limit for each object.
Making on-site notary attorney to represent your interests at an auction is appropriate, because the acquisition cost of the object may have to attend several auctions for 3-4 months.
To apply for and be eligible to participate in the auction you must, not later than one week before the auction to transfer 10% of the appraised value of the property on account of the court in which appointed bidding. In the event of purchasing this amount will be credited to your final cost. If the purchase did not materialize, the money in full returned to your account on the day of the auction. For the convenience of banking recommend to have an account in Latvia. In his opening we will assist you, even if you are not a resident of the country.
4. You can also each time come up for auction in person and our staff will accompany you and act in your best interest.
Pay close attention, please, that the court at any time for any valid reason may withdraw tenders or to transfer them to a later date. Therefore, it is possible that you will have to reschedule the trip. For convenience and savings we recommend still do a power of attorney, the more that you, being in Latvia, you can personally meet with real estate and your potential agent, which then remain in contact.
Step 3. Participation in the auction, the purchase and registration of real estate
1. Hotel reservation or other actions that must be completed prior to your arrival if you wish to attend the auction. Participation (10% of the appraised value) must be filed with the court in advance for 2 weeks.
2. Meeting at the place of arrival in Latvia, consultation and coordination details.
3. Participation in the judicial auction. It is also possible through an attorney, without your presence
4. Payment for the purchased property and payment of court costs in the event of purchasing
5. Payment for services compan : 3-10% of actual purchases at the auction (by arrangement, depending on cost)
6. Registering property in the state register of ownership.
7. Insurance purchased property (optional).
8. Signing a contract for services of real estate (optional)
Our Russian-speaking staff will always help you with any questions and provide assistance and translation services throughout the entire transaction process from nedvizhimostyu.{linkr: bookmarks; size: small; text: nn; separator: +; badges: * }
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