About Tenerife Property Auctions
Our sister company Rentals in Tenerife, has been established on the island for over 20 years and noticed there was a huge gap in the market for selling properties that didn't need to cost you, the seller, the standard 5% commission! In partnership with Buy Properties Tenerife S.L. we now offer properties for sale with No Commission!
So how does it work: there is no catch as you, the seller, agree with us prior to Auction a Reserve Price you wish to receive and we take all the risk. All we ask is that you provide us with full information about your property and an Exclusive period of 4 months. The marketing is carried out over a 6-8 weeks period prior to the Auction. On Auction Day, when the hammer goes down, the purchaser is legally obliged to pay a deposit of the property sale price to us. Completion follows at the Notary office within 28 days. So, as the seller, it has cost you absolutely nothing!