About the auction

The real estate auction takes place a few times a year under the responsibility of the auctioning notary. Vendu Rotterdam organizes both foreclosure sales and voluntary sales.

Click here for the estates up for auction.

If you have any substantive questions about the procedure or the object, please contact the relevant notary. You can see who the auctioning notary is by clicking on the object, on the right side are the contact details of the relevant notary.

The auction is led by an auctioneer from Vendu Rotterdam and will also take place here. The real estate auction is always on a Wednesday and starts at 1:30 PM. The auction room is freely accessible to everyone and opens at 1:00 PM. However, a code of conduct applies.

Click here for the auction agenda of the real estate auction.

Bidding

You can bid in the room or via the internet. When you bid in the room and have the highest bid, you must identify yourself and you must demonstrate your ‘financial soundness’, by means of a declaration of well-being or through a deposit. For each object, the auction conditions or the financial data state which (additional) requirements are set by the auctioning notary.

If you bid via the internet, you must register in advance and provide the requested documents and a deposit (minimum €5,000). The full procedure is available on the website.

Auction procedure

The auction happens in order of the lot list. Auctioning one object takes about 10 minutes. Properties can be withdrawn until the last minute, so keep an eye on the lot list.

A real estate auction commences with a regular auction and subsequently continues with a Dutch (reverse) auction. The auctioneer will ask for an opening bid after which bidding proceeds until the highest bid. The highest bidder must present himself at the notary, including documents. This is then the provisional buyer and his bid is called the bet amount.

The auction will then proceed in reverse, the auctioneer starts with a higher amount and will lower step by step until someone calls ‘mine’ or until the original starting bid is reached. Bids are hammered until € 100,- above the starting bid.

When someone calls ‘mine’ the object will be sold to this bidder, who will have to come to the notary for further settlement. When no one ‘mines’, the object is bought by the provisional buyer.

Regarding the starting price the bidding proceeds according to the schedule below: