Discover the unique opportunity to acquire your dream property in Tenerife through an auction. Tenerife Property Auctions stands out as the sole auction house on the island, offering a diverse range of properties without the burden of buyer's fees. Dive into the next auction and see what treasures you might uncover within your budget.
Tenerife Property Auctions, a trailblazer in the real estate auction industry, bridges the gap between sellers and buyers seeking properties in Tenerife. Their innovative online bidding platform enables potential buyers to view and bid on properties from anywhere in the world. Unlike traditional auctions, there are no set closing dates, and all bids are promptly relayed to the sellers for consideration. Winning bids are immediately notified, streamlining the process for all parties involved.
Located in Callao Salvaje on Tenerife's picturesque south coast, Tenerife Property Auctions is a subsidiary of Property-Abroad.com Ltd (UK) and PropertyinTenerife.com, one of the largest independent property portals featuring over 50,000 listings from more than 45 countries. With over two decades of experience in the Spanish and international property markets, Les Calvert, the director, offers invaluable insights and advice to clients.
The company's mission is to revolutionize property auctions in Tenerife by conducting free, public online auctions. Their portfolio includes a variety of properties from private sellers, real estate agents, and leading institutions, encompassing both residential and commercial offerings.
For those interested in buying, selling, or auctioning properties in Tenerife, the company provides comprehensive assistance. Their after-sales service is renowned for ensuring a smooth and enjoyable experience for international homeowners. Beyond auction properties, they also offer a vast selection of resale and off-plan properties across the island.
Anyone with internet access can participate in the online auction. Bids are presented to the owners, and once accepted, the sale process begins.
To bid, simply use the "Make An Online Bid for this Property" link found with each listing. Property inspections and valuations can be arranged before bidding. Upon a successful bid, a €1,000 deposit is required, followed by the remaining 10% of the purchase price within 14 days.
The guide starting price indicates the expected initial bid, while the reserve price is the minimum sale price agreed upon with the vendor. Vendors may sometimes lower their reserve price, but this is kept confidential.
If successful, the buying process mirrors a standard property purchase in Spain, with the option to pay via mortgage, loan, or cash. The team at Tenerife Property Auctions will guide you through the process.
Viewings can be arranged by contacting the company. While they do not organize inspection tours, they can assist with local travel and accommodation arrangements.
The sale process typically concludes within 1-2 months, though this can vary depending on circumstances.
Apart from standard legal fees, which your lawyer will advise on, there are no additional costs. Tenerife Property Auctions does not impose any fees on the buyer, and auction entry is free.
While Tenerife Property Auctions takes measures to ensure property details are accurate, they cannot be held responsible for any misinformation provided by the vendor or their agent. Properties are purchased at the buyer's risk, and it is assumed that buyers have sought legal and professional advice.
For more information or to explore the properties available for auction, visit the Tenerife Property Auctions website.
Please note that the information provided in this article is based on the latest available data as of 2023. Prospective buyers should conduct their own due diligence and consult with legal professionals before participating in property auctions.
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