How a forced sale works in Switzerland
A forced sale in Switzerland follows a fixed procedure set out in the SchKG: official publication, inspection of the auction terms and valuation, viewing, public bidding on the day of the auction and finally the knock-down, down payment and transfer of ownership in the land register.
1. Official publication and deadlines
The debt enforcement or bankruptcy office announces the auction publicly – with the property, date, place and the period for inspecting the documents. The preparation time for interested parties starts with this publication.
2. Auction terms, schedule of encumbrances and valuation
The office makes the auction terms (Steigerungsbedingungen), the schedule of encumbrances (Lastenverzeichnis – registered mortgages and other charges) and the official valuation available for public inspection. These documents are the most important basis for your decision and should be reviewed carefully.
3. Viewing
There are often one or more viewing appointments. Since properties are generally sold without warranty, the viewing – ideally with an expert – is essential.
4. Auction day and bidding
Bidding takes place in public on the day of the auction. The property goes to the highest bid, provided the minimum requirements set out in the terms are met. With a so-called double call (Doppelaufruf), the property is offered both with and without a specific encumbrance.
5. Knock-down, payment and land register entry
The purchase is concluded with the knock-down (Zuschlag). A down payment must be made as set out in the auction terms; the balance is due within the set period. Ownership is then transferred in the land register.
Frequently asked questions
Do I have to attend the auction in person?
As a rule, yes – or be represented by an authorised person. The exact requirements are set out in the auction terms of the competent office.
What happens immediately after the knock-down?
The purchase is binding. You make the required down payment; the remaining purchase price must be paid within the set period, after which the property is entered in the land register.
See current property auctions all over Switzerland – prepared every day from official publications.
View auctionsNote: This article provides general information and does not replace legal, tax or financial advice. The official publications and the auction terms of the competent debt enforcement or bankruptcy office are decisive.