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

Corner House Of Character, structurally converted (needs finishes) set at the end of an alley close to the village center having all P.A. permits for renovation works in hand.
A large space at ground floor having timber beams and other authentic features offering space for a living / dining and ...read more

A three bedroom maisonette on the second floor complete with its own roof. Set on a wide street on the outskirts of Birkirkara yet close to all amenities. The property has a comfortable layout having the stairwell leading to a small hallway surrounded by various rooms. Three bedrooms one of which in ...read more

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

MARSASCALA - BARGAIN - corner penthouse occupying the entire floor space (circa 220 square meters) of a recently built block at the Bellavista zone of Marsascala overlooking an ODZ area having a surrounding terrace with unobstructed views up to Dingli. This home is situated in close proximity to th ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...read more

Tal Fekruna Area - This second floor semi detached maisonette recently renovated and re-decorated with no expense spared. Enjoying an abundance of natural light and sea views from most rooms. An external staircase leads to a private front patio with ample space for outdoor entertaining. this lovely ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...read more

Pieta - Sea front apartment having a kitchen/living/dining leading on to a spacious terrace with lovely views of the marina. Two bedrooms leading on to a back terrace, bathroom, en-suite and boxroom. Worth viewing! ...read more

Pieta - Sea front apartment having a kitchen/living/dining leading on to a spacious terrace with lovely views of the marina. Two bedrooms leading on to a back terrace, bathroom, en-suite and boxroom. Worth viewing! ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...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

MARSASCALA- Duplex PENTHOUSE situated on a high grounds in a quiet residential area and enjoying sea and country views from the sunny terraces. Accommodation comprises a two double bedrooms and a master bedroom (with walk-in wardrobe and en-suit) and enjoys unobstructed views from the private terra ...read more

TA' XBIEX - A new development with a selection of Studio/one and two bedroom penthouses with pools in the heart of Ta' Xbiex. Being offered finished including bathrooms and doors. ...read more

Ta' l-Ibragg. Forum. Spacious apartment on 144sqm situated on a quiet road with sea views. The layout consists of an entrance hall , large kitchen / living / dining, three double bedrooms, ensuite, bathroom, front and back terrace and separate drying area. Served with interconnecting lift and incl ...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

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

Rabat - Highly finished 300sqm semi furnished Apartment situated on 4th floor. Once entering this luxury apartment one finds a massive living/dining room, a separate kitchen with breakfast area. Three double bedrooms, laundry room, 2 bathrooms and an en-suite. Property has a back terrace and a spaci ...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

PEMBROKE - An opportunity to acquire a semi-detached villa in this highly desirable location, well known for its wonderful surroundings and panoramic views down to the beautiful bay.
The layout of the property offers a welcoming hall, large living and dining room with fireplace and overlooking ...read more

MELLIEHA (SANTA MARIA ESTATE) - Fully detached bungalow built on 1,300sqm plot enjoying lovely open valley and sea views. Comprising drive-in, entrance hall, fully fitted kitchen overlooking pool and deck area with surrounding garden, dining room, very large living room, lounge, central court yard, ...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

BAHAR IC-CAGHAQ - A grand fully detached elevated Bungalow built on two tumoli of land enjoying unobstructed country and sea views. High wrought iron gates secure this property. An imposing external staircase leads to the main areas. Accommodation comprises a grand welcoming hall with bi lateral for ...read more