property auctions | Auctions of properties in the City: all there is to know to be able to buy a house in a auction

Auctions of properties in the City: all there is to know to be able to buy a house in a auction



For those seeking access to a home at a convenient price, auctions of real estate from the City Bank can be an opportunity. Once a month, approximately, the entity offers several properties in Federal Capital that were left without an owner and, therefore, passed to the orbit of the City Government.

The next 25/10 will be auctioned 12 real estate starting from a base of $ 12.3 million, but the goal is to exceed 70 properties to auction in 2017 with an estimated revenue of $ 100 million. According to Law No. 52 of the Buenos Aires Legislature, the funds must be allocated to investments for the Ministry of Education of the City.

"The role of the City Bank is to ensure that the sale of real estate with respect to vacant legacies, is agile, transparent and open in such a way that all funds reach education and allow the construction and repair of schools so that students can access a good education, "explained the president of the bank, Javier Ortiz.

Now, as for the work done by the bank, it begins with the entry of the formal appraisal order for auction of the property (movable or immovable) determined by the City Government, in this case through the Procurator General of the City. The entity performs the corresponding valuation and suggests the auction basis. Then, the appraisal value is informed to the procurement and, once approved, the date and schedule of the exhibition are scheduled, with days and times in which the properties are exhibited (beyond the pre-established, they can be request alternative exhibition dates). A catalog with the conditions of sale is made and an advertising plan is suggested to the GCBA.

The auction is published in large national media, Official National Gazette and Official Gazette of the GCBA prior to the exhibition. The catalog is uploaded to the bank's website, which contains five photos per property and a description of it, interested parties can view it on-line on the Bank City website, www.bancociudad.com.ar -personas-subastas-cronograma - and proceed to download it.

To participate in the auction, those interested must be credited with a valid DNI. The auctions are always held in the auction room of Esmeralda 660, floor 3. On the day of the auction, buyers must pay 10% of the price for the sale price and 3% (plus 3% VAT) ) of the sale price as a bank fee. If this amount exceeds the amounts regulated by the Financial Information Unit (UIF) and the City Bank, the buyer must prove the origin and legality of the funds.

Beyond this, the entity also offers the possibility of making "low offer on" to participate in the auction. The same consists in presenting in a sealed envelope in Esmeralda 660, 6th floor, an offer with the maximum amount willing to pay for the property, with 10% of the base being left in guarantee by cash or check. At the time of the auction, proceeds to the opening of the offers under envelope and the auctioneer will represent the interested party. In case of not being a successful bidder, you will be reimbursed the money left in guarantee at the time of finishing the auction.

Finally, from the City Bank they informed that they do not have intermediaries and no commission should be paid outside of the one established in the sale conditions. In case of being contacted by third parties that present themselves as real estate advisors (usually referred to as "the league"), there is no need to resort to their services since both the City Government and the City Bank promote the concurrence of interested individuals to the auction.

The properties that are auctioned on 25/10:
-Part undivided of Salcedo 3902/08/12 - P1 ° "A" - UF 2 - Boedo
It is a house type apartment with independent income from Castro Street 1807, by means of a staircase. It has living room, dining room, kitchen, two bedrooms and bathroom. Total area 81.19 m2. Base: $ 350,000.-

-Moreno 1260/64/68/70-P 1 ° UF 6 - Monserrat


Office identified with No. 102 divided into three offices. The toilets are in common spaces. Total area 55.25 m2. Base: $ 910,000.-

-Juncal 1396/98 - P.6 ° UF 32 - Withdrawal


2 room apartment. It has living room, bedroom, kitchen, and bathroom. Total area 41.61 m2. Exhibition: October 17. Base: $ 1,610,000.-

-Juan Ramírez Velasco 127/131 - 6th Floor "A" - UF.23 - Villa Crespo


3 room apartment with living room with balcony, two bedrooms, bathroom, kitchen and laundry. The total area is 67.52 m2. Exhibition: October 18 from 14 to 16. Base: $ 1,850,000.

-Chile 2002/8 - 2nd Floor "C" - UF.7 - Balvanera


1 room apartment with balcony to the front, kitchen and bathroom. The total area is 28.26 m2. Base: $ 670,000.-

-Monroe 2950/48 - PB - Dept. E- UF.3 - Belgrano




2 room apartment with dining room, bedroom, kitchen, bathroom and patio. The total area is 37.10 m2. Base: $ 1,350,000.-

-Tte Gral. Donato Alvarez 323/27/31 - 2nd Floor - UF.15 - Caballito


2 room apartment. It has a living room, a bedroom, kitchen and bathroom. Total area 42.64 m2. Exhibition: October 18 from 11 to 13. Base: $ 980,000.-

-Av. Santa Fe 1341/45 - 3rd Floor - UF.4 - Withdrawal


4 room apartment. Consists of living room, kitchen, bathroom, a small room without wardrobe / closet and two other type of desk / bedroom without ventilation or natural lighting. Total area 89.41 m2. Exhibition: October 17 from 14 to 16. Base: $ 3,600,0000.-

-Balbastro 2815 - 3rd Floor -Depto 16 - UF.64 - Block 6- Dr. Mariano Castex


2 room apartment, located on the 3rd by stairs, with a bedroom, bathroom, kitchen and living room. Total area 29.77 m2. Base: $ 410,000.-

-Argerich 1128/32 - PB. And 1 Floor - UF.2 - Villa Santa Rita


The PH is located in the quiet part of the building and you enter a patio where there is a room and two bathrooms. The staircase leads to the upper floor, which has two bedrooms, a toilet and a kitchen. Total area 71.28 m2. Base: $ 800,000.-

-33 Orientales 190/198 -P. 6 - Dept. 24 - UF. 24 - Almagro


1 room apartment with balcony to the front, kitchen and bathroom. Total area 26.55 m2. Base: $ 670,000.-

-Nicasio Oroño 2038/40 -P. 1 - Dept. A - UF. 4 - Parental


4 room apartment in front. It has living room with balcony, three bedrooms, kitchen, utility room, bathroom and terrace. Total area 82.02 m2. Base: $ 2,000,000.-