The Caixa Econômica Federal's real estate auctions have not only already taken place but will continue to do so, after all, the half-state-owned bank continues to suffer defaults from its clients. But how do auctions held by Caixa Econômica Federal work? Is it worth participating in such an event? What is the average value of a Caixa property?
The dream of owning a home still resonates in the minds of many people. Many still dream of having their land, house, or apartment registered in their names, so they can then be rent-free. However, since not everything goes as planned, the closest we get to that is a Caixa loan.
In any case, some things can get out of control, and thus, bills may be delayed and no longer payable. What happens from here? If we are talking about a Caixa mortgage , there is a high chance that your property will be auctioned off.
It's also a chance for many to buy their properties at more affordable prices, since auctions are more advantageous from a financial point of view. In today's content, we'll explain when and how Caixa's property auctions work . So, if you want to know more about the subject, follow us to the end. Let's go, read along!
When is Caixa's property auction?
So, when are Caixa's real estate auctions ? Actually, there isn't one specific date, but rather several: various auctions are held throughout the year, so you can track all of them. Just follow the step-by-step instructions we'll explain in the next section on how to follow Caixa's auctions.
But, in short, it's this: you can participate in multiple auctions throughout the year. This applies to all years, not just the one (which, by the way, is almost over). This way, you can win multiple properties, since the foreclosure process for each overdue property starts on different dates.
Typically, new Caixa real estate auctions take place every 90 days. So, if you missed an auction this month, just wait for the next one to be held in three months, or even sooner. Read on to learn how to keep up to date.
How to follow the Caixa Real Estate Auction?
How to track Caixa's real estate auction? You'll see below that it's very simple to track, bid, and even purchase a property, whether it's a plot of land, a house, or an apartment. Read the guide below:
- First, open the browser on your smartphone or PC;
- Then, type “Caixa Auction” in the search field, and click search to start the search;
- Now, click on the first result that appears on your search engine page;
- If you want to skip the entire above-mentioned part, simply click on this link: https://www.caixa.gov.br/voce/habitacao/imoveis-venda/Paginas/default.aspx;
- Now that you have reached the “CAIXA Real Estate Online Sales” page, check all the information contained therein to stay up to date with the details of an auction organized by Caixa Econômica Federal;
- The next step, therefore, is to scroll down a little, in the section called “Caixa real estate auction calendar”;
- In this section, you will not only find the date on which the auction will take place, but also the website where it will be held and the notice number, so that you can find the video conference link on the indicated website;
- Now, simply go to the website, search for the notice, copy the videoconference link and enter the day and time it will take place, based on the information in the notice;
- Place your bids and win your property.
How much do these properties cost?
But how much do these properties auctioned by the CEF cost? Well, it depends on the type of property; after all, land, houses, and apartments can—and will—have completely different prices. Therefore, what we can say is that the prices can be sold for well below market value.
Typically, the auction price is between 40% and 60% of the property's market value. So, if the property costs R$200.000,00, the final bid will likely be between R$80.000,00 and R$120.000,00—a significant savings.
This was our guide to Caixa's real estate auction. We hope we've helped you with your questions. If you still have any, comment below and we'll answer them. See you next time!
