Real Estate Auctions in Malta

Buying or selling a property by Auction is the latest innovative platform where a buyer and a seller are being brought together in a professional way and in collaboration with a licensed Auctioneer for the first time in Malta.

Selling a Property by Auction in Malta is unfortunately synonymous with the selling of distressed properties involved in loan foreclosures and properties that have been inherited where the heirs disagree and as such decide to sell by Auction. Of course, these are a couple reasons one would bring in a licensed auction house to sell your home.

View Auction Properties However, real estate auctioning has been a profession and a normal standard of selling homes since the 1980’s in the United States and is a very strong industry throughout Europe. RE/MAX Malta bring to the market the experience of auction manager and the reputation of one of the most renown Auctioneers in Malta, namely Obelisk Auctioneers and Valuers, whom have been in the operation of the Auction business for over a decade. Pierre Grech Pillow, Managing Director of Obelisk Auctioneers grew up in an environement of an Antique Dealership, where after dealing with several auction houses saw the gap in the market for a new auction house which he founded. Over the years, he has established Obelisk as the leading Auction house in Malta.

Most residential and commercial properties are salable by Auction and the benefits for both the seller and the buyer are endless:

Benefits to the Seller

One of the most significant benefits of selling on auction is that the price of the property is set so that the seller is assured that the property will sell at true market value.

With the seller in mind, one must note that when your property is placed on the auction market and goes to auction date that buyers come to the auction prepared to purchase. In fact, they express interest in a home and come ready and upon registration bring together with them and place with the notary a bank draft in hand that will cover the deposit equivalent to 10% of the purchase price.

On another note, once you have signed up for auction, the property is surveyed and the in-house notary completes the searches of the home so not to hinder the smooth selling process of the property thus all paper work is done before the auction.

All buyers are pre-qualified and have viewed the property prior to the auction date thus they are certain that the property in question is the property they want to purchase.

The seller feels comfortable knowing that they are not involved in any negotiations. Once the property goes to auction, the bidding starts whilst if a bid reaches or goes over the reserve price the home will be sold.

Taking this further, the property in question is placed into a marketing package that will deliver numerous potential leads and interest not to mention great visibility of your property, thus also ensuring a pipeline of bidders for your property.

Benefits to the Buyer

Buyers that take interest in a property for sale by auction, already know that the vendor is committed to sell without having to haggle and discuss various terms that may come about when negotiating a deal. The auctioneers ensure that all terms and conditions are set forth whilst the only next action after the auction is completed is the signing of the ‘Promise of Sale’.

The competition in an auction is fairly set where terms and conditions are at a level playing field for all interested parties thus a buyer is more comfortable do not have to worry about any disadvantages. In fact, the buyer determines the price they want to pay for the property and if they are out-bid they may choose to increase their bid if they feel that the property is worth it or not. This is one of the benefits of having a licenses auctioneer managing the budding process.

Furthermore, the buyer knows before-hand the timings of the closing of sale thus can make plans accordingly to take over the property and move in as per set parameters already known, removing any delays or complications from the process.

Conclusion

This innovative and effective way of selling a property is available to all sellers and buyers alike. If you are a seller, your RE/MAX agents are trained to manage the process and refer you to the Auction manager, who will thereafter inspect your property and review the potential.

If the property in questions matches the ideal criteria, then your property will be recommended to be sold by Auction. Buyers will be invited to viewings of properties and once they are interested in purchasing a home, they are provided the knowledge to be able to make an informed decision whether to wait for the auction or submit an offer prior to the auction date.

RE/MAX Auctions is committed to excellence and will hold a minimum of four auctions per year, with a minimum of fifteen to thirty properties, making the selection of homes exclusive.

For further information if you would like to sell or purchase a property which is for sale by auction, kindly contact Jeremy Borg Grech or send a request through the contact form on this page.

Properties

Tucked away from the hustle and bustle of this old city of Cospicua, this House of Character has been converted with much Love and Dedication by its present owners. This quaint home boasts an array of interesting old world features including arches and wooden beams and comprises a Sitting room which ...read more

A corner penthouse situated in Ta`Xbiex measuring around 53 SQM internally and having a large corner terrace measuring around 55SQM. This penthouse is currently on plan and will be sold complete with internal doors, bathrooms and high quality finishes. An area in the large terrace is planned for a j ...read more

TA' XBIEX - A new development. Selection of studio penthouses (currently on plan) situated on the highest part of Ta`Xbiex enjoying panoramic views and large terraces measuring around 60SQM. Property will be transferred in finished state complete with bathrooms and internal doors. The open plan lay ...read more

TA' XBIEX - A new development. Selection of studio penthouses (currently on plan) situated on the highest part of Ta`Xbiex enjoying panoramic views and large terraces measuring around 60SQM. Property will be transferred in finished state complete with bathrooms and internal doors. The open plan lay ...read more

A selection of three double bedroom apartments currently being sold on plan measuring around 122 SQM all of which will be sold complete with internal doors and bathrooms. Each apartment enjoys an open plan layout, three bedrooms and two/three bathrooms.
Property is situated close to offices, mar ...read more

Two brand new apartments being sold on plan situated on the Pieta` seafront.
Property planned to have a large open plan kitchen, living and dining area leading to a front balcony with marina views. Leading to a back balcony and drying area are two double bedrooms one of which is en-suite togeth ...read more

Two brand new apartments being sold on plan situated on the Pieta` seafront.
Property planned to have a large open plan kitchen, living and dining area leading to a front balcony with marina views. Leading to a back balcony and drying area are two double bedrooms one of which is en-suite togeth ...read more

A two double bedroom penthouse currently being sold on plan measuring around 85 SQM internally and having wide terraces measuring around 30 SQM which will be sold complete with internal doors and bathrooms. This penthouse enjoys an open plan layout, two bedrooms and two bathrooms. Naturally flooded ...read more

A well kept semi-detached maisonette set on the first floor. Situated in an elegant complex at Tal- Mirakli. This corner property enjoys open country views, yet situated close to all amenities. Layout consists of a wide hallway leading to a spacious kitchen fitted with light oak cupboards and applia ...read more

A two double bedroom penthouse currently being sold on plan measuring around 85 SQM internally and having wide terraces measuring around 30 SQM which will be sold complete with internal doors and bathrooms. This penthouse enjoys an open plan layout, two bedrooms and two bathrooms. Naturally flooded ...read more

Wide fronted penthouse having a large terrace with its own private swimming pool. Forming part of The Forum Complex in Ibragg.
The spacious layout measuring circa 50sqm comprises of a large open plan living area with a brand new stylish kitchen overlooking the terrace whilst enjoying town and d ...read more

A centrally located three bedroom apartment with sea views and close to all amneties. This 144sqm property comprises of an entrance hall, kitchen/living/dining, three double bedrooms (main with en-suite), bathroom, laundry room, front and back terraces, yard and an interconnecting lock-up garage. ...read more

ST. JULIAN'S - A spacious three bedroom apartment on the fourth floor of this corner block. Situated in close proximity to Le Meridien Hotel and Balluta seafront this apartment is close to all amenities, public transport schools, churches etc. Entrance through a wide hall having a formal sitting an ...read more

Duplex apartment at Milner Grove, a complex just a few meters from the Sliema promenade and close to all amenities. Entrance hall leading to a formal sitting and dining room connected to an outdoor terrace. A separate kitchen complete with a breakfast bench and living area also leading to the terrac ...read more

Bargain - Well laid out house of character very close to Gharghur church. This double fronted property is being sold un-converted however with permits in hand for renovation and extension. The proposed layout comprises of a wide hallway with a formal sitting room or study one side and an open plan k ...read more

Rare opportunity to acquire a seafront apartment measuring circa 165 SQM on the fifth floor of this elegant block. This three bedroom home, finished by its current owners with no expense spared comprises an open plan sitting and dining room leading to a front terrace, a modern kitchen complete with ...read more

Floriana - Palazzo, this property can be either a fantastic residence, or boutique hotel. Property is very well finished and well maintained. The Palazzo boasts a multitude of rooms, a good sized yard and an impressive 105Sqm Roof Terrace. Property is currently configured as an office yet if turned ...read more

Plot of land close to sea just off Triq Ghajn Zejtuna measuring circa 1,200 SQM with permits for a 3 bedroom detached bungalow with under lying parking and additional rooms, swimming pool and landscaped gardens enjoying sea and valley views.
Probably the best priced plot available in this part ...read more

SLIEMA - One of a kind elevated ground floor wide fronted maisonette (having a town house feel) forming part of a the prestigious complex just off the sea front. Having very large rooms, with high ceilings, fully air-conditioned and double glazed apertures. Spacious and bright accommodation, spread ...read more

300 square meter apartment set on the 4th floor of this luxury development enjoying unobstructed views of Malta. Having two apartments per floor, the layout comprises of a large open plan formal sitting and dining area complete with a cloak room all leading onto a spacious terrace with views. Set ab ...read more

Mellieha - A fully detached bungalow set on a footprint of circa 1,020 SQM built in lime stone and perched ontop of this elite residential area. A sense of space adorns this lovely house dating back to the 80's where all rooms were larger than today's average and most enjoys views of Santa Maria E ...read more

A block of six apartments close to seafront and Sliema centre.
The block comprises of a mixture of one and two bedroom units. Furnished and setup as holiday flats yielding a very good return on investment with the long and shortlet business. Property features keyless entry, pre-paid electricity ...read more

A fully detached bungalow built on a plot measuring 1,552SQM enjoying breath-taking views of Santa Maria Estate valley and Mellieha bay. The private drive-way leads you to this lovely property surrounded by terraces. Entrance through a welcoming hall which leads to a large open plan kitchen, lounge ...read more

A rare opportunity to acquire a grand townhouse abutting on one of the best streets in this sought after location. Set on a footprint of circa 900 square meters perched on a hill enjoying commanding views of the island. An imposing façade stands behind a gates front garden, leading to a large hall ...read more

A stunning corner apartment with 240 degree of breath-taking views over the Valletta Bastions and Masamxett harbour. Close to The Point shopping mall and many cafes or restaurants. An enormous open plan kitchen, dining and sitting room having surrounding balconies and a terrace giving this apartment ...read more

ST. PAUL'S BAY - A unique townhouse set on St. Paul's Bay promenade enjoying commanding views of St. Paul's Islands. Set on a large footprint measuring circa 850 sqm having a large garden, a swimming pool and three out buildings set guest quarters together with a home gym, sauna and a home bar. The ...read more