5 room apartment (encumbered with right of residence)

Foreclosure auctions in Switzerland are officially regulated procedures that offer opportunities for buyers, but also come with specific requirements. Interested parties should note that properties can usually be visited, but there is no guarantee regarding their condition. It is advisable to carefully review all available documents such as appraisal reports, land registry extracts, and official auction publications. Bidders must also make a down payment at the auction and familiarize themselves with payment terms, deadlines, and legal consequences. It is also important to clarify in advance whether the property will be acquired free of encumbrances or whether existing easements or tenancy agreements need to be considered. Those who are well prepared can benefit from a foreclosure auction but should always realistically assess the risks.