Over the years and the rise of communications, this type of property sales has become famous because it has great advantages such as obtaining properties with up to 50% less than their commercial value. A round deal wherever you look!
But, let us start at the beginning…
What is an auction property?
A foreclosure sale occurs when a person acquires a property through a credit mortgage, but fails to comply with the terms established in terms of payments and term, then the financial institution, in this case Coopealianza, enforces the rights over the property and recovers the property to sell it to other people.
Who can take advantage of a property in auction?
The search for the ideal house can be complicated if you have a very small budget; With today's cost of living and home values, buying a house out of pocket or investing in real estate becomes virtually impossible for most.
Precisely with that in mind, Coopealianza has a whole platform to promote and sell properties in excellent condition and with extraordinary discounts through the auction.
It is these people who can make the most of the properties in auction; those who dream of this type of real estate either to acquire their own home, to start a business or to become a real estate investor.
Advantages of buying a property at auction
As we already mentioned, the great advantage of buying a property at auction is to benefit from discounts of 30, 40 and up to 50% of the real value of the property. It's a real bargain.
But in addition, there are two great virtues in the purchase by auction:
- Great return on investment. If you buy a property of this type and then sell it again, but at its true price, you will make a great profit.
- Increase in surplus value. Another advantage is that the value of the property increases from the first purchase, and if you make certain improvements when you acquire it, then you can sell it for double or triple what you paid.
Where to see the auction properties offered by coopealianza?
Coopealianza has real estate options at auction throughout Costa Rica, and the best thing is that it offers excellent financing conditions.
From farms, lots, lots with construction to homes and commercial premises. On our website you can see the complete list of properties in auction.
Contact Us If you have any questions about the process, it will be a pleasure to advise you.