How does auctioning work?

Auctioning a property is the new way of selling a property within a shorter period of time, by putting it up for bids and where a buyer commits to buy the property at the proposed bid.

Thanks to the power of the Auction Immo platform, powered by Troostwijk, over 80% of all properties that go to auction sell in a period of 30 days. Not only that...thanks to the tremendous exposure to over 30 million monthly visitors to our platform, the property often gets bid by and sold to serious buyers from abroad. Never before was selling and buying a property this interesting.

The process:

1. Gather the required legal documents of the property (this varies by country and a professional can help with this) & submit.

2. Set the minimum price (the starting price typically is about 80% of that amount).

3. An auction date is set, and the auction starts & ends accordingly.

4. The winning bidders are communicated.

5. The sale takes place.