According to the current regulations, the minimum starting price of the judicial auction is 70% of the evaluation price or market price, and the starting price of the second auction after the current auction is not lower than 80% of the previous one. That is to say, for a house with 10 million yuan, the lowest starting price of legal auction is 7 million yuan. If it has experienced a failed auction, the starting price will drop to the lowest of 5.6 million yuan.
On the premise of being qualified, if you want to participate in the auction method, the most important thing in advance is to fully understand the relevant specific situation of the house in many aspects, especially whether there is lease, household registration and historical transactions on the house.
In this regard, the above-mentioned professionals said that according to the principle of the sale does not break the lease, the legal lease occurred before the Court seized the property was protected by law. In other words, if you buy a legal house with a legal lease, the lease will continue to be valid. If you want to terminate the lease relationship, you need to solve it through legal means. And the household registration problem is similar, generally speaking, the court will not forcibly decide to move out of the household registration.
It is also worth noting that all taxes and fees for the transfer of legal auction house are borne by the buyer, so the cost should be calculated in advance. Before participating in the auction, it is also necessary to understand the historical transaction situation of the auction house and whether there are arrears such as property water and electricity, because it will affect the cost of bidding.
In addition, the above professionals also pointed out that in general, the French auction house is not allowed to loan. Before the auction, bidders need to pay a deposit (usually 10% - 20%), once the auction, if you want to renege (that is, regret auction), the deposit is not refundable!