European Standard for Digital Property Auctions

How ImoLicit Works

A fully digitized, transparent, and legally audited acquisition workflow with guaranteed escrow accounts at Banca Transilvania.

Identity & KYC

Account Creation & KYC Verification

Register as an individual or legal entity (LLC/Corp). We audit identity documents (Passport/ID or Company Registry) to ensure only verified bidders participate in auctions.

✓ Instant verification for individuals and international entities

✓ Unlimited access to Land Registry title deeds and cadastral surveys

✓ Full privacy: your identity is pseudonymized during live auctions

BT Escrow Security

Deposit 10% Bidder Security Deposit

To bid on any active property, place a 10% guarantee deposit into the dedicated ImoLicit Guarantee Account held at Banca Transilvania.

✓ Funds securely escrowed at Banca Transilvania

✓ 100% automated unfreeze within 24-48 business hours if outbid

✓ For the winning bidder, the deposit converts into the notary contract down-payment

European BidX1 Benchmark

Live Digital Bidding with 15-Min Soft-Close

Real-time bidding directly on the platform. Any bid placed during the closing minutes extends the auction timer by 15 minutes, ensuring fair market value and eliminating sniper bots.

✓ Real-time WebSocket auction room updates

✓ 15-minute soft-close anti-sniping extension

✓ Optional proxy bidding up to your custom ceiling

Transaction Closure

Notary Signing & Title Deed Transfer

Following auction closing, our legal team drafts the bilateral sale contract. Final execution occurs before an authorized Romanian public notary.

✓ Complete Digital Legal Pack (Land Registry, fiscal clearances, energy certificate)

✓ Standard 30-day window for balance settlement and land registry inscription

✓ Full advisory for international investors (ANAF NIF tax ID issuance)

🏛️ Banca Transilvania • Official Partner

Dedicated Escrow Account for Every Auction

Your funds are never co-mingled with operating capital. Guarantee deposits are held in dedicated escrow accounts at Banca Transilvania governed by the Romanian Civil Code.

Live Auctions Invest in Romania Guide