Private Real Estate Auctions
What you should know about our Private Real Estate Auctions
- Michael Plettner is a publicly ordered and sworn-in property auctioneer according to § 34 b of the Industrial Code. Martina Stein is as well as the employed auctioneers Katja Pflugbeil and Andreas Blum, in possession of a trade licence according to § 34 b of the Industrial Code. They are entitled to sell third-party real estate and third-party property-equivalent rights, and other third-party rights at auction.
- Real estate auctions are conducted by
SÄCHSISCHE GRUNDSTÜCKSAUKTIONEN AG,
a company with a capital of € 500.000. - The following applies to all objects handed over for auction sale:
- Inspection and assessment of the real estate for the auction, partial appraisal by a publicly appointed and certified real estate expert at the expense of the Auction House.
- Preparation of notarial contracts by inspection of land registries, building authorities and other authorities at the expense of the Auction House.
- Establishing of a market-driven auction limit (positioning price) between Seller and Auction House.
- Suitable documentation of every object in a small catalogue and its postage to about 80,000 clients of the Auction House in the Federal Republic, European countries and many countries outside Europe.
- Broad publicity by regional, nation-wide and international advertising and Internet presentation.
- After the publication of the catalogue, the clients of the Auction House have sufficient time to inspect the real estate and to prepare for the auction. Starting off from the auction limit, the price will rise in the auction from the limit to a market-driven level; to fall below the auction limit is not possible.
- Compared to traditional utilisation opportunities for real estate, the private property auction offer a series of marked advantages which we want to briefly highlight in the following:
- At our auctions, knockdown is guaranteed to the highest bidder only.
- A realistic purchase price, which is subject to increase, will be set by us for your real estate. This spares you the time-consuming and expensive intermezzo that varying and excessive prices, which are often promised by others, have to be subsequently brought back to the market value in troublesome, long-winded negotiations.
- Four auction blocks per year ensure that the processing time from the placement of the order to the sale at auction is as short as possible.
