1. The price is relatively low: due to the default or default of the auction house, the starting price of these properties is usually relatively low, and the price is cheaper than that of houses with the same area and the same apartment. Therefore, the purchase method may be able to obtain a higher cost performance.
2. The competition is relatively small: because most auction houses auction in court, the flow of people is relatively small. Compared with ordinary houses in the market, the competition for buying houses is relatively small, and it is more likely to buy a favorite house at a lower price.
3. High transparency: the court auction is open and transparent. In the process of purchasing, you can get detailed information of the house through the court or other channels, including the property rights, historical transactions and all other information that may affect the value of the house.
4. Quick realization: If necessary, the house can be sold quickly after the purchase method to obtain cash flow. Compared with ordinary real estate, auction houses are more likely to get higher returns.
Disadvantages:
1. Defects of real estate: Most of the auctioned real estate is due to breach of contract, default and other reasons, and there are certain risks. The property may not be properly maintained or repaired for various reasons, or there are other defects. Before buying, you need to carefully consult relevant information and evaluate the property to determine whether you can bear these risks.
2. Increasingly fierce competition: With the increasingly fierce competition in the real estate market, the competition from the law for auction houses is also growing. At some point, more buyers will participate in the auction, which will make the house price rise and reduce the cost and risk of buying a house.
3. Complicated legal procedures: As legal procedures are involved, buying an auction house involves many complicated issues, such as laws and enforcement procedures. Buyers need to understand the relevant legal system and consult professional lawyers or other professionals.
To sum up, the purchase method is cost-effective, but we should also pay attention to the risks based on this. Property buyers should conduct a detailed study of the purchased property to ensure a stable source of funds to prevent accidents in the future.