The give and take of receiver sales

When it comes to buying property from receivers, it is a case of buyer beware as there are many pitfalls to avoid

A receiver will often insist on minimal time between signing and completion of a sale

This year is expected to see an increase in the number of disposals by Nama, banks and funds of distressed properties with a purchase price of between €2 million and €15 million. Many of these transactions will involve receivers acting as vendors.

Transactions involving commercial and residential property being sold by receivers often appear attractive as the price may be discounted compared to the open market value. However, it is important to be ...