Home > Who sells ? Who buys ?
Notaries' auctions
The official Châtelet' Chamber
property auction site
property auction site
Who sells ? Who buys ?
Buyers
People who buy at auctions come from very different backgrounds and from all walks of life.
The simplicity of the way in which auctions are organized makes them accessible to everyone.
Notaries' auctions are public sales and thus open to everyone. The date and location of the auction, as well as the properties being sold, are advertised beforehand.
Far from being accessible only to the initiated, the Paris Notaries' Chamber auctions are, on the contrary, auctions accessible to any buyer.
• The buyers vary enormously because the auctions offer all types of real property, from a 300sq. m. flat (apartment) with garden to a serviced room, from office or shop premises to a factory building, from development land to residential housing, etc. These properties can be sold with or without vacant possession and the buyers can be the tenants or people totally unrelated to the properties.
• The properties are located in Paris or anywhere in France and buyers come from all regions and walks of life.
• The Paris Notaries' Chamber does all it can to ensure that make it easy to participate in an auction. Everyone can place a bid directly.
Genuine bids are guaranteed because a cheque is required for the deposit cheque. This is a single cheque up to a fixed price of an amount of €125,000 and a further deposit of €25,000.
• In order to prepare for the purchase, each buyer, whether an individual or a professional, can obtain information from the seller's notary and may also be assisted, if required, by the notary of his/her choice.
Important note
Buyers come from all different backgrounds and all walks of life.
Notaries' auctions are public sales and thus open to everyone. The date and location of the auction, as well as the properties being sold, are advertised beforehand.
Far from being accessible only to the initiated, the Paris Notaries' Chamber auctions are, on the contrary, auctions accessible to any buyer.
• The buyers vary enormously because the auctions offer all types of real property, from a 300sq. m. flat (apartment) with garden to a serviced room, from office or shop premises to a factory building, from development land to residential housing, etc. These properties can be sold with or without vacant possession and the buyers can be the tenants or people totally unrelated to the properties.
• The properties are located in Paris or anywhere in France and buyers come from all regions and walks of life.
• The Paris Notaries' Chamber does all it can to ensure that make it easy to participate in an auction. Everyone can place a bid directly.
Genuine bids are guaranteed because a cheque is required for the deposit cheque. This is a single cheque up to a fixed price of an amount of €125,000 and a further deposit of €25,000.
• In order to prepare for the purchase, each buyer, whether an individual or a professional, can obtain information from the seller's notary and may also be assisted, if required, by the notary of his/her choice.
Important note
Buyers come from all different backgrounds and all walks of life.
Sellers
Auctions can attract all types of sellers (individuals, companies, estate agents (Realtors), local authorities, public bodies, associations and executors, etc.)
who require speed, security and transparency while at the same time obtaining a fair market price.
Any property owner can choose to sell by public auction. This selling method is a solution that is particularly adapted to the needs of :
• sellers who want lots of advertising on the sale of their property ;
• sellers who require a selling price that the taxation authorities would find it hard to challenge ;
• sellers who want to transfer a special or unusual property and thus has no real market.
An auction may be the perfect solution for people who are looking for a method of sales that enables a family dispute about the division of property to be settled or to decide between buyers with total impartiality.
An auction is the appropriate answer for those who, in addition to obtaining the market price, need the transparency of a public sale :
• local authorities who want to sell part of their private assets;
• public bodies ;
• associations who put properties up for sale that originate from donations or bequests;
• executors in their capacity as the representatives of inheritors.
An auction can also be held on the initiative of third parties who are legally vested with the right to undertake the sale and who require quality, security and transparency in their real estate transaction. This, for example, concerns sales of properties that are part of an estate without a claimant, sales of properties belonging to minors or adults who are wards of court or under guardianship, buildings that are the only assets of an estate and must be turned into cash, etc
The courts, moreover, can order an auction organised by notaries of property in one lot held indivisum (sale of property in indivisum), the auction of an attached estate, or of real property as part of collective proceedings (class action).
Irrespective of the sellers, all the conditions of the sale are established prior to the sale itself. Each sale is the responsibility of the sellers' notary who draws up the specifications sheet in accordance with the regulations specific to this method of selling.
Important note
• Any owner may auction any type of real estate property.
• Notaries' auctions should not be confused with forced sales by order of the court.
Any property owner can choose to sell by public auction. This selling method is a solution that is particularly adapted to the needs of :
• sellers who want lots of advertising on the sale of their property ;
• sellers who require a selling price that the taxation authorities would find it hard to challenge ;
• sellers who want to transfer a special or unusual property and thus has no real market.
An auction may be the perfect solution for people who are looking for a method of sales that enables a family dispute about the division of property to be settled or to decide between buyers with total impartiality.
An auction is the appropriate answer for those who, in addition to obtaining the market price, need the transparency of a public sale :
• local authorities who want to sell part of their private assets;
• public bodies ;
• associations who put properties up for sale that originate from donations or bequests;
• executors in their capacity as the representatives of inheritors.
An auction can also be held on the initiative of third parties who are legally vested with the right to undertake the sale and who require quality, security and transparency in their real estate transaction. This, for example, concerns sales of properties that are part of an estate without a claimant, sales of properties belonging to minors or adults who are wards of court or under guardianship, buildings that are the only assets of an estate and must be turned into cash, etc
The courts, moreover, can order an auction organised by notaries of property in one lot held indivisum (sale of property in indivisum), the auction of an attached estate, or of real property as part of collective proceedings (class action).
Irrespective of the sellers, all the conditions of the sale are established prior to the sale itself. Each sale is the responsibility of the sellers' notary who draws up the specifications sheet in accordance with the regulations specific to this method of selling.
Important note
• Any owner may auction any type of real estate property.
• Notaries' auctions should not be confused with forced sales by order of the court.
Send this pageFind out more the auctions
• What is a sale by auction ?
• Why sell or buy by auction ?
• Who sells ? Who buys ?
• Some history
