Volunteers Estate Sales

Under the supervision of a notary

Housing voluntary sales are centralized at the Chamber of Notaries and cover all types of bien.

“It goes from the parking lot to entire buildings” says Master Watin – Augouard, notary.

For the seller, the procedure is to make an evaluation by a notary to assist in the determination of the starting price .
“Experience shows that the more you lower the reserve price, the prices are likely to rise : this is the game for auction” says
the notary .

“If the seller insists on a price increase, the costs gations non-sale.” The Chamber of Notaries then organizes
sale advertising, publications, visits, all held at least forty-five days before the date of the sale. During the sale , the auction game
encourages exceed its limits, “the buyer must be able to set a ceiling” recommends the notary .

This method of sale are many advantages for real estate. First, tax is a fair price. “The price can not
not be challenged by the tax authorities” said Master Watin-Augouard. Moreover, it is a device often used in sales
family conflict to facilitate the sale and ensure transparency. Another advantage is speed.

“As for drawbacks, the main complaint is the hazard : the sellers are not certain to have the market price” concedes the notary.
There are not often able to make considerable gains, as permitted by forced sales.

And Mr. Denis Clement Bracka, lawyer, said that “this type of sales, following seizures or undistributed, allow the buyer to make significant gains, sometimes approaching 30 %”. And he has been an increase in attendance individuals seeking bargains facing rising prices of real estate.

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