WHY BUY A ITALIAN HOUSE BY AUCTION?   FOR TWO REASONS

1 - it is a safe purchase (you buy through the Court)
2- you can buy at very advantageous prices (saving even 60-70%)
 
A judicial auction is generally the last step in an enforceable court procedure.
 
A creditor who has not received what is owed to him asks the court to put the debtor's assets up for sale in order to receive what is owed to him.
 
Before proceeding to the sale of the real estate, the court carries out certain verifications to determine the value of the properties, also in order to protect the debtor.
 
Verifications that are carried out by an expert. The expert must check for building irregularities, third-party rights, and the state of the property. He then makes an assessment of the market value of the property, taking into account all the elements that have emerged in the course of the investigation.
 
Therefore, if in the course of the expert's investigation, issues emerge, the expert will put a value on those issues.
This value will be deducted from the appraisal value.
 
For example, if a property is appraised for € 200,000.00 but has building issues involving an expenditure of € 10,000.00, the property for sale will eventually be appraised for a value of € 190,000.00.
Thus, the property will be put up for sale at auction at a value of 190,000.00.  
 
If there are no bidders at the auction, the Court will proceed with a new attempt at sale.
New attempt with lowered price. 
 
After two attempts at sale the price has almost halved. The more attempts the lower the price.
That is why you can save up to 70% of the market price at auction, especially in the market for country cottages.
 
PARTICIPATING IN AN AUCTION
 
Participating in an auction is not an impossible task.
But like all bureaucratic and judicial activities, it requires formalities.
This is why technical and legal assistance is advisable for participation, both in the preliminary phase of selecting the property and in the subsequent one.
In the preliminary phase of participation there is the need to deepen the technical aspects and there is the need to interface with the organs of the Court (auctioneer, custodian), find further information, check documentation.
The next phase concerns payments, the collection of documents from the Court, the delivery of the property, and the possibility of being placed in possession of the property before the deed of transfer. 
 
Well followed and assisted, participation in the auction is a clear path.