Real estate auction in Germany is also a circus and casino. In my very rich practice, I had to participate in more than 20 real estate auctions in Germany.
Honestly, all the real estate I bought at the auction I saw was traded at almost the same price as on the open market, and some were offered even more expensive than they were sold on the open market before the auction. Every time I watched the shoppers being fooled by the pros at the auction, the participants - the potential buyers - turned out to be more than obedient dolls and spectators of a farce as sensible participants in an auction.
Cheap real estate at auctions in Germany are 90% myth or no liquid real estate, or there are other hidden defects. I agree that there is this 10%, and in principle, if you want to take risks, experienced managers of our company can advise you on all the rules of participating in auctions on real estate auctions in Germany, especially in Berlin or Munich.
The taste of compulsion and helplessness before the great power of the auction has long rejected the desire to take part in auctions for many people. The word auction was in my mind firmly connected with compulsion, "divorce" and something not quite honest, even in Germany. In the real estate industry, I am used to judging everything from the customer's point of view. Since I was in the skin of the participant and even the winner of the auction,
I realized that I did not wish this experience to my clients, and I do not see any point in that because the knowledge of the market can be very successful in buying real estate in a free real estate market Such objects are regularly and certainly more common than a