Once the property is awarded to the highest bidder, the following steps must be completed:
a) Payment of the winning bid and expenses
- Deposit the remaining balance within 10 business days.
- Pay the eAuction platform fee (€350 or €100 depending on starting price).
- Cover other associated costs (property transfer tax, notary fees, lawyer fees if applicable).
b) Auction Award Report
- The notary drafts the report documenting all bids and officially designating the winner.
- The summary of the award report acts as the legal title, required for registration.
c) Property Registration at the Land Registry
- Register the notarial deed at the Land Registry or Mortgage Office.
- Pay the cadastral registration fee.
- Registration formally transfers ownership.
d) Handover of the property
- The new owner can take possession in coordination with a lawyer and court-appointed officer.
