Live Auction is the development of procedures for the public sale of movable assets and Real Estate to the bidder who offers the best price/the highest bid.
The auction site is advertised in the auction area. It usually takes place in a hotel or in the premises of the Insolvent Mass.
To participate in the Auction, you must pay a deposit of €5,000.00. This deposit, which is not a fee, will be paid by check, ordered by LEILOSOC® Worldwide at the time of registration, or by bank transfer. The deposit will be returned to the prominent buyer, when requested, by proving that they have not buy any lot or has already proceeded to pay the sign of the Promise Contract of Purchase and Sale of the lot(s) bought.
On the day of the auction the client must register with the LEILOSOC® Worldwide employees present at the auction. The registration does not involve any cost for the prominent buyer.
It is advisable to attend the auction. However, there is the possibility to conduct your bids by phone, through the LEILOSOC® Worldwide employees. To bid by phone, you must contact LEILOSOC® Worldwide in advance and complete all necessary formalities.
The Living Experience of Bidding Good Businesses!
Article by Isabel Meireles by LEILOSOC® dated 27th February
