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Compulsory auction: secure bargains from 50% market value!
Find out everything about foreclosure auctions in Magdeburg: dates, procedures, market value and important information about the property.
Compulsory auction: secure bargains from 50% market value!
On November 12, 2025, a significant compulsory auction will take place at the responsible district court in Cologne. This auction attracts the interest of many potential buyers after over 80,000 properties are published in the auction calendar every month. Relevant information and insights are available, among other things, from €108 for three months. Thanks to the option of online access, interested parties can even view the foreclosure auction offers up to a year in advance, which makes the whole thing even more attractive.
As wohnglueck.de reports, the purchase price at the auction is the market value, which was determined by a court-appointed expert. This has the advantage for buyers that they do not have to worry about broker or notary costs - depending on the federal state, these can be up to 8.5%. The surcharges for the properties can possibly be achieved from as little as 50% of the market value and even lower if it is a question of second dates.
The legal background
But how does a foreclosure auction actually work? The procedure is regulated by the Compulsory Auction Act (ZVG) and comes into force if the owner becomes insolvent. It serves to satisfy creditors and treats private debts or corporate insolvencies as common cases. The determination of the market value is independent of the owner's personal circumstances, although only publicly appointed and sworn experts are authorized to do so.
When determining the market value, the expert takes into account, among other things, structural defects, burdens and rights to the property. The legal value limits are also important: While a bid can be rejected if the bid is below the 7/10 limit, it must be rejected if the bid is 5/10. This means that potential buyers have to be careful not to make a misstep.
Optimal preparation for buyers
In addition to viewing the auction data, interested buyers have the opportunity to contact the creditor directly before the auction in order to possibly purchase the property in advance. This option can be helpful in many cases to get a good deal and not get lost in the auction process.
A telephone number is available for inquiries: Monday to Friday from 9 a.m. to 8 p.m. and Saturday from 10 a.m. to 4 p.m. the team can be reached at 02102-711711. However, it should be noted that the data provided on auction dates and properties are not checked for accuracy and liability is excluded.
A final note for those interested: An energy certificate is currently not required for purchase as part of a compulsory auction. This is an additional advantage for buyers as they save themselves the trouble of having to present one.
As schiffer.immo explains in summary, the market value determination is a crucial aspect for the success of the auction and protects both the interests of debtors and those of creditors. So if you take a look at the upcoming auctions, you could secure a good deal with a little patience and the necessary background knowledge.