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Caixa Auction: your chance to buy your own home with a 5% down payment and financing of up to 95%. Buy your property for half the price!
Buy your own home for half the price? It is actually possible through auctions held by Caixa. Imagine the feeling of “mission accomplished” when entering your new home, all with financing conditions that seem like a gift from the financial gods. We are talking about financing your property obtained in box auctions under the conditions of Minha Casa Minha Vida, which can be a real game-changer for those on a tight budget.
If you were considering writing to Santa Claus asking for a place to call your own, the Caixa auctions could well be the opportunity to make your wish come true sooner.
Financed Caixa Auction: Own home paying HALF THE PRICE!
After all, what are Caixa auctions?
Caixa auctions are events where the bank makes properties repossessed due to non-payment by previous owners available, offering them to the public with discounts that can reach up to 70%. It's your chance to turn what once seemed like a distant dream into a tangible reality! However, attention is needed: it is essential to consult the auction notice, which serves as a detailed guide, containing information on dates, starting prices, payment methods and tax responsibilities.
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To participate, you must be of legal age and have a well-organized financial situation, as auctions are serious environments. And the good news is that you can do all of this from home, even in slippers, as many of these auctions take place online. Furthermore, Caixa, showing that it takes the opportunity to facilitate purchases seriously, allows use of FGTS in financing and offers a grace period that really helps a lot.
How do auctions financed by Caixa work?
Caixa holds a 70% share of the real estate financing market in Brazil, which means that the vast majority of financed properties end up going to auction if payments are not made. And yes, auctions often translate into significant discounts. For example, an apartment valued at R$205 was auctioned for just R$112,7. Surprising, isn't it? However, it is crucial to always check the official website of Caixa to avoid traps.
Caixa organizes the auctions in two phases: in the first auction, prices start higher and there are rarely any buyers. If the property is not sold, a second auction takes place at more affordable prices. If the property is still not sold, Caixa takes over the property and can choose to sell it directly, either online or through direct sales.
Controlling 70% of the real estate financing sector in Brazil, Caixa ends up being the final destination of many financed properties that have not been paid. In fact, auctions represent a chance to acquire properties at deep discounts. Just imagine, an apartment valued at R$205 thousand being auctioned for a mere R$112,7 thousand. Impressive, right? Therefore, it is vital to always consult Caixa's official website to protect yourself from possible mistakes.
Caixa auctions are divided into two stages: initially, in the first auction, prices are higher and generally do not attract buyers. In the absence of a sale, the second auction takes place, where prices are reduced to attract interested parties. If the property is still not sold, Caixa takes back the property and can then choose to sell it directly, online or through direct sales.
Furthermore, if you are on a tight budget, Caixa offers the option of financing the purchase, even allowing the use of FGTS, which can considerably ease your budget. However, it is prudent to visit a Caixa branch before the auction to obtain approval for the letter of credit, ensuring that financing is available as soon as you obtain the property of your dreams.
Buying properties at auction offers a series of advantages that can be particularly attractive to different buyer profiles
Imagine being able to purchase your own space for such an affordable price that it seems like a joke? This is the opportunity that Caixa auctions offer. With impressive discounts and the reliability of one of the largest banks in the country, the process is full of advantages:
Prices below market: Imagine finding a property with a discount of up to 70%. In Caixa auctions, this is not only possible, it is reality. It's your chance to have a home without going to the extreme of selling a kidney.
Financing options: If money is tight, relax! Caixa makes it easy with advantageous financing options, and you can even use your FGTS to help with payment.
Variety of properties: From compact apartments in big cities to mansions in the countryside, the range of options is vast. Regardless of your style or needs, there is a property at auction waiting for you.
Transparency and security: The guarantee of doing a safe business comes from Caixa itself, adding a layer of trust to the process. With clear details in the notice, there are no surprises about what you are purchasing.
Closing agility: Forget the long wait typical of buying property using the conventional method. The auction process is much faster, allowing you to move into your new home in no time.
Imagine buying your dream home while saving up to 95%!
In the vast auction sky, success stories shine like stars, abundant and inspiring. Imagine getting the key to your home while saving a significant amount. And these are not old wives' tales – there are people achievingfurniture with discounts of up to 95%! It seems surreal, but it's reality.
Consider the story of someone who, exploring the Caixa website, finds a small but cozy apartment in Brasília. The cost? Surprisingly affordable, starting at R$83,1. Or perhaps the journey of a family that discovers the ideal house in Santa Rita, Paraíba, with two bedrooms and a garage, for just R$6,5.
Also think about the adventurous couple who are enchanted by a residence in Mongaguá, on the coast of São Paulo, with a backyard ready for future garden projects. The starting price? R$69,7 thousand. And we cannot fail to mention the young professional who found his first apartment in Araraquara, in the interior of São Paulo, for just R$70,9, ready to welcome new beginnings.
Each of these stories shows that Caixa auctions transcend simple buying and selling, representing a decisive moment for new beginnings. And the most incredible thing is that to change your life you don't have to spend a fortune.
However, winning in this scenario requires research, patience and a bit of tactics. It is crucial to know the property in depth, set a limit for your bids and ensure that all documentation and conditions of the property are in order.
Precautions before bidding
Auctions can bring properties at lower prices than the market, but it is not always a path without obstacles. Among the possible disadvantages is the responsibility for previous debts, such as condominium fees or outstanding IPTU, which may accompany the new owner. There is also the issue of properties that are still occupied: think about the situation of purchasing your ideal home and needing to negotiate with the previous occupant or face legal proceedings to obtain the keys.
However, there are consultants specialized in auctions, that is, professionals who deeply understand this market, who express a preference for properties that are already occupied, supported by the existence of laws that ensure the buyer's rights. It is worth mentioning that some unoccupied properties may show signs of vandalism or deterioration.
Before going on the attack and going around bidding like there's no tomorrow, it's essential to carry out a thorough inspection of the property.
Before diving in head first and starting frantically bidding, it is crucial to carry out a detailed assessment of the property. In-person inspection is not only recommended, it is essential. After all, online images and descriptions can hide problems that only careful examination (and sometimes an expert's eye) can uncover.
Therefore, examine the state of conservation of the property, check the existence of legal disputes or debts and pay attention to the market value to determine whether the discount is really worth it. It is also important to check whether the property is unoccupied, considering that approximately 88% of properties offered at auctions still have occupants.
Now, onto the treasure map: how to qualify and participate in Caixa auctions?
To enter the world of Caixa auctions and have the chance to buy properties with advantageous conditions, follow this simplified guide:
Check Eligibility: First, confirm that you are of legal age and have full legal capacity to manage your assets. This is essential to start the process.
Registration: Access the official website of Caixa or the responsible auction company to register. This step is essential to enable your participation, allowing you to bid both in person and online.
Study the Notice: The Caixa auction notice is your main source of information. It contains all the relevant details, such as the minimum sales value, acceptable payment methods, and other crucial specifications about the property. Treat it as an indispensable guide on your auction journey.
By following these steps, you will be prepared to participate in Caixa auctions, taking advantage of opportunities to purchase properties under favorable conditions.
A little secret… Depending on your income, you can finance up to 95% of the value of the property, with just a 5% deposit.
Let me share some valuable information with you: depending on your income level, it is possible to finance up to 95% of the value of a property, requiring only a 5% down payment. This contrasts significantly with the common practice of requiring 20% down. What about interest rates? They vary between 3,5% and 8% per year, which is quite competitive, especially considering that the country's basic interest rate is around 10,75%.
If you have some money saved and are thinking about buying in cash, allow me to offer some advice: it might be worth reconsidering. With such attractive interest rates, financing the property and keeping your money invested, possibly generating a return greater than the cost of financing, may be a more advantageous option.
If this information has aroused your curiosity and you are interested in delving deeper into the subject, I have a valuable recommendation: watch the full video that explores the world of auctions. In this video, Nath details the entire process, from participation to the most effective strategies to win the property of your dreams.
