Apartment for sale in Vigo, Pontevedra

Sale under special conditions - auction assignment modality

Housing in Vigo (Pontevedra) property in assignment of auction without possession.

Opportunity for investors.
What is an auction assignment? An auction assignment is the legal process by which the person or entity that wins a judicial auction (the adjudicatary, often a bank) transfers their right to acquire an auctioned asset to a third party (assignee) before the property is formalized, allowing the latter to keep the asset by paying an agreed price, a popular option for investors seeking to acquire properties at opportunity prices.

The acquisition of the advertised property will be carried out exclusively through auction assignment, within the framework of the judicial auction process in which it currently resides, with no possibility of direct sale.

All costs of the public sale and those derived from the cancellation of charges, and the debts that, where appropriate, encumber the property, such as, and not exhaustively, community charges and IBI (property tax), will be due by the adjudicatary. (Law requires the adjudicatary to bring up to date the community charges and IBI for the last 4 years if there is any debt).

The occupancy status of the property is unknown. Said property cannot be visited nor can it be mortgaged for purchase, so the buyer must have sufficient liquidity for the purchase.

If the client asks, our professionals (lawyer and solicitor) can handle your legal procedure up to the obtaining of the keys. The fees for this service are not included in the price, please consult us.

Taxes, registry, and agency fees are not included in the purchase price.
The photograph does not correspond to the property, only the approximate location.