Selling before the auction.

If the mortgage has become unsustainable, selling in time protects your capital far more than an auction.

Why selling first beats the auction

When the instalments become unsustainable, time works against you. At a judicial auction properties are often sold well below market value, while interest and costs pile up. Selling on the market before foreclosure and auction almost always allows you to get more and close with dignity.

Acting in time changes everything

Timing makes the difference. While you are the one selling, you control the price, timing and negotiation. Once the enforcement procedure starts, control passes to others. At the first signs of difficulty, talking about it right away is the move that best protects your capital.

Selling well, even quickly

Selling fast doesn’t mean giving it away. A correct price on real values, good presentation and an open house that concentrates buyers can close quickly without throwing away value.

You are not alone in this

It is more common than people think, and there is nothing to be ashamed of. The worst thing is to wait hoping it resolves itself. Matters with the bank and any procedure should be handled with a lawyer; we sell the property as quickly and advantageously as possible.

FAQ

Can I sell my home if I can no longer pay the mortgage?
Yes, and it is almost always the better choice: selling before foreclosure and auction gets far more than the auction value. Timing is decisive.

Is an auction or selling first better?
Selling first: at auction properties often go well below market while interest and costs accrue. While you sell, you control price and timing.

Does selling fast mean giving it away?
No: with a correct price, good presentation and an open house you can sell quickly without losing value.

This article is informational and describes how things generally work. For your specific case the notaio (notary), accountant and qualified professionals are the reference; for legal matters, a lawyer.

Part of the complete guide to selling a home in Sanremo.