Do you know the estate sale? No ? Well, that was my case a few months ago as well. Before going any further, know that with this type of sale, you could make substantial savings on the purchase of your vehicle. Notably. Or on the purchase of your property. Interesting no? But also on a multitude of other products. Are you curious to know more?
You have come to the right place. This article will thus be an opportunity for you to learn a little (a lot!) more on the subject. In turn, you can then take full advantage of these famous and intriguing estate sales . A brief overview.
It was several months ago already. A family meal like it used to be. We talk about everything and nothing. Rain and good weather. And then we talk about investment, we start talking about real estate. With my little experience, I mention my apartment building and its very good profitability. We talk about the purchase price and I discover… that step-dad also invested in real estate a few years ago! A little surprised to learn this news only now, the discussion is in full swing and we then approach the different means of acquiring real estate. He then tells me that he acquired this first property through what he calls an estate sale.
Of course, I’m not going to transcribe the entire meal, but it was through this personal intermediary that for the first time in my life I heard about estate sales.
Very good meal by the way… 🙂
The family exchanges allowed me to learn many things on the subject. But I continued my research all the same, in order to be able to offer myself the most complete vision possible of the subject and to be able to share it with you.
But above all, but don’t tell anyone, to see if there wouldn’t be interesting and juicy deals to be made this way…. 😉 Hush!!
But enough chatter, what is an estate sale? In a few words, estate sales correspond to the sale of goods belonging to the State and similar, namely local authorities and public establishments.
We will come back to this later in the article, but the goods likely to be sold can be real estate (houses, land, etc.) as well as furniture (vehicles, jewellery, etc.). These are assets which the State has no use or no longer uses . This may be the case of a building whose relevance is no longer demonstrated. Or an object found and not subsequently claimed by its owner.
A domain sale can take two forms:
For the most curious, know that for these auctions it may be a question of sale by candlelight . A more evocative name than one might think and which breathes the time of yesteryear… :).
To learn more about the subject, Wikipedia is your friend! 🙂
Before knowing what you can buy, first know that these sales are open to everyone . Well almost all of them. Even if it makes sense, it is useful to remember that estate sales are accessible neither to minors (what a surprise!!!), nor to people excluded from sales (logical in fact…).
Like, you won an auction on an estate sale of a very nice car a few months ago. But you didn’t pay for it. Well, surprising 😉 , but you are no longer allowed to participate in an estate sale! At least temporarily.
Note, however, that some properties are only accessible to professionals. The idea behind this is simply to prevent an individual from acquiring an object/material/… that he would not have the means to use or repair.
I was talking about a few car lines ago. Would that mean that one can acquire a vehicle in this way? The answer is yes !
But let’s start with real estate, shall we?
Let’s not go overboard, real estate level, you can buy almost everything that you can acquire in a more traditional way : house, apartment, building, land, garage, farms and other agricultural properties, … This is not the missing choice! Logically, you can visit each property before the sale. The information presented in the various media on these sales being sometimes relatively succinct, do not neglect this option!
In terms of furniture and various objects, there is also something for everyone! From a pretty painting to a beautiful car, passing by a magnificent boat or a monstrous combine harvester, the range is very wide . For example, the image below illustrates some of the objects or vehicles that you can try to acquire:
Are you curious and interested in this type of sale? Two small things to know about estate sales that are important to keep in mind. First point and as often, it is necessary to pay a small tax . State tax.
The name is well found, don’t you think? 🙂
It is 6% for a state sale by invitation to tender and 11% for auctions. Second thing, the warranty. It’s simple, in any case, there is no guarantee . Nothing. No. You buy knowingly and will have no recourse in the event of a problem.
Finally, know that you can pay for your purchases by check, bank card, bank transfer or in cash . For cash payment, the purchase amount must not exceed €300. For payment by check, it is limited to €1,500. Beyond that, plan to use a bank check. If your purchase is less than €150, you can pay it directly. For higher amounts, plan to offload a 20% deposit.
There you go, I hope you now know a little more about this topic. If you want to see properties for sale, do not hesitate to take a look at the site http://www.ventes-domaniales.fr/. The ergonomics are a bit old-fashioned but we still manage without difficulty 🙂 .
Want to know a little about the subject? Any reactions? If the article has you more, do not hesitate to share it on social networks? If not, share it too! 🙂