The first auction of House lowest bid in Germany was launched on Aug 3, 2009. In this type of auction, the minimum bid is awarded. The first House auction ‘Lowest bid’ in Germany was launched on Aug 3, 2009. In this type of auction, the minimum bid is awarded. The auction is divided into 3 phases. In the first phase you can register free of charge and without obligation.

In the second phase to be by transfer of 39.-euros on a nota edge account to the participants. In the third phase, putting his 10 free bids within a week – through feedback and tips, tactics is needed here. The total auction we a notary accompanied by the conclusion, say the contract also. About the auction platform of company tawenga tries to sell his mansion in Whitey since Aug 3, 2009 of the landlord Mr. Deindorfer. The property has a market value of 600,000 euros, 300 sqm of living space and the grounds include good 1300 square meters. The auction will expire in three phases. In the first phase, 20,000 interested parties can register for free and obligation to register for the auction.

This is according to the auction Organizer tawenga particularly fair, since only, if it is foreseeable that the lowest bid auction ‘ can be successfully performed, a request for the payment of the participation takes place. Once the 20 000th registered prospect, the second phase starts. In this phase will receive 200,000 visitors the possibility of through transfer of participation contribution amounting to 39.-euros on a nota edge account participants to become binding. If now 20,000 transfers are received on the Nota margin account, the third phase starts. In this phase the registered participants to bid their 10 free, are included in the registration fee within a week. After each bid, participants receive a confirmation with a reference to its current place and a tip to the bid optimization immediately. After the third phase, the auction is closed and the participants, as the first and only has offered the lowest price, determined. The auction winner will receive in the Connection to receive a written quotation regarding the house purchase. The process of chewing contract is of course, as in every other house purchase, through a notary. If the bid of the winner of 21.-EURO was, auction winner acquired thus the property in white box for total cost amounting to 60.-euros. This is to highlight in particular, as the real estate transfer tax and notary costs from the seller. Frequently asked questions: question: what happens when 20,000 individuals who have not be reached? Answer: Because in the first phase, the registration is free and without obligation, the auction is simply terminated and registered interested no liabilities arise. Question: What happens if the 20,000 participants will not be achieved? Answer: One participant is characterised by the fact that he has already paid the fee. The lowest bid auction ‘ cannot be started because too few participants are registered, that is to say that the auction be stopped and the participants the participation fee minus one Processing fee will be refunded. As the seat of the auctioneer, which tawenga is located in Germany and the entire auction will be accompanied by a notary, the fairness and legality is underlined here in particular.