Foreclosure sale public auction real estate investment tokyo japan

Good point　Bad point
Good point

1. the property of a single-family house, an apartment, and other a large number land and is taken out to public auction.
2. purchase can usually be done at a low price than a market.
3. If knocked, a court will move a proprietary right.

Bad point

1. In the proceedings of court auction, a buyer also needs to perform the formalities after knocking by himself.
2. A border line with adjoining land etc. may be unknown in occupying property.
3. may be Property is occupied with Unknown person.
4. It is difficult to see an inside and is having to decide with the photograph of a property file put on a court in most cases.
5. Study at the property is very important.
6. A bidder has to perform negotiation with a former owner or the occupant of a property by himself.(This moves negotiation is the most difficult work in public auction.)