Recommendation
Introduction
Preface to the Revised Edition

Real estate investment, completed through auction!
11 Useful Sites for Investing in Real Estate Auctions
Beginner auction investors, let's start by learning auction terminology!

1st period: Regional analysis and item analysis of auction items

01 Real Estate Investment: Location is Key
02 How should I analyze the area and property of an apartment?
▶ Real-life examples of problem-free apartments vs.
problematic apartment
03 How should I conduct a regional and property analysis of a commercial building?
▶ Problem-free commercial buildings vs. real-life examples
problematic commercial buildings
04 How should I conduct area and property analysis for officetels?
▶ Real-life examples of problem-free officetels vs.
problematic officetel
05 How should land area and property analysis be conducted?
▶ Problem-free land vs. real-life examples
problematic land
Q&A
Auction Success Stories vs.
Failure Case 1

2nd period auction procedure

01 Key Points of the Auction Procedure
Q&A
Auction Success Stories vs.
Failure Case 2

3rd Period Housing Lease Protection Act vs.
Commercial Building Lease Protection Act

01 Why is the Housing Lease Protection Act important in auctions?
02 Key Points of the Commercial Building Lease Protection Act: Conversion Deposit
Q&A
Auction Success Stories vs.
Failure Case 3

4th period rights analysis

01 The Core of Rights Analysis: The Right to Deletion
02 Auctions are extinctionist
03 The Core of Rights Analysis: Theory of Acquisition
04 Auctions are surplus-based
05 Final review data for rights analysis, sale item specification
06 Check the registration book for the right to cancel.
07 Beware of Priority Tenants
08 Check the priority mortgage and sale item specifications.
09 Kindergarten, Real or Fake?
10. Check if the land rights have not been registered and if the property has been appraised.
11. Beware of overdue management fees when bidding on apartment buildings.
▶ Let's learn about rights analysis properly!
Q&A
Auction Success Stories vs.
Failure Case 4

5th period loan

01 Loan, if you need it, get it properly!
Q&A
Auction Success Stories vs.
Failure Case 5

Highlights of the 6th Period Auction: Bidding Procedures

01 Be sure to check the required documents before going to the bidding court.
02 How to fill out a bid form
03 Submission of bids and bidding procedures
04 Opening, winning, and losing bids
05 Never Make Mistakes in Bidding Court
Q&A
Auction Success Stories vs.
Failure Case 6

7th period light procedure

01 What is brightness?
02 How to write a contract of agreement
03 When should a light agreement be reached?
04 Differences between an extradition order and an extradition lawsuit
05 Indian Order
06 Indian Litigation
Q&A

8th period tax

01 What taxes are associated with real estate investment?
Q&A

Forestry know-how & tips with appendix photos

Real estate auctions are real!
Everything you need to know about real estate auctions in one book from Professor Seol Chun-hwan, Korea's top auction instructor!

Auctions cannot be separated into theory and practice.
It is difficult to win in the auction market by focusing only on theory or emphasizing only on practice.
In other words, it is a field of financial investment that can be successful when theory and practice are well combined.
The book that will solve many people's worries at once is "First Study of Real Estate Auctions."
Professor Seol Chun-hwan, the author, is the top auction lecturer in Korea with 28 years of direct investment in real estate auctions and 24 years of teaching experience.
This book contains only the theories and abundant examples that people studying auctions are 'really' curious about.
Moreover, you can master auctions with just one book, 『First Study of Real Estate Auction』, which covers everything from rights analysis to forestry, loans and title, and taxes.

Professor Seol's field-oriented auction lecture,
Practical learning is important in real estate auctions!

If a 45-pyeong commercial office with an appraised value of 300 million won in an optimal location goes unsold and the minimum selling price is around 100 million won, anyone would be tempted.
A meticulous principal who runs a math academy thought that he could first win the bid and run the academy, and then later sell it for a profit after receiving the key money.
The rental price is 40 million won for a deposit and 1.2 million won for a monthly rent, so if you win the bid cheaply, the approximate annual return is over 14%.
The building's exterior looked fine and its profitability appeared excellent.
He jumped into the auction out of impatience and won the bid after beating out two bidders.
What happened to this director? I discovered that the office was connected to a sauna and gym, and for the sake of clarity, part of the bathroom had to be demolished and a separate partition installed.
In the end, he gave up on paying the balance and lost the entire 10 million won bid deposit.

This case is a real-life auction case that the author introduces directly in the book.
If only I had visited the place myself and investigated, there would have been no such loss.
In this way, nothing in an auction is unimportant, from the selection of items to the bidding and title in court.
No matter how well you understand the theory, you must learn about what happens in the field and check what points to consider in practice to ensure success.
The difference of ‘Real Estate Auction First Study’ lies precisely at this point.
The book provides a solid foundation for auctions, enabling readers to complete everything from property analysis to rights analysis and forest management on their own through a wealth of real-world examples, including apartments, villas, commercial properties, and land.
In addition, it discloses in detail the loan, tax, and forest management know-how that are rarely covered in other books.
In other words, this book will equip readers with the self-reliance in real estate auctions, enabling them to always stay one step ahead of their competitors.

Auction theory that is easy to understand even for beginners.
If anyone follows along, I can become an auction expert!

“People have a real fear of auctions.
But with persistent passion and a willingness to learn, anyone can succeed in auctions.”

The author, Professor Seol Chun-hwan, is the only expert in Korea with both theory and practice.
I have developed practical auction knowledge through direct investment and have been lecturing to the public for a long time.
With 28 years of direct real estate auction investment and 24 years of teaching experience, he is the top instructor in Korea's auction classes.
From rights analysis to forestry, loans and title, and taxes, you can master auctions with just one book, "First Study of Real Estate Auctions."

The author takes readers to the auction scene from the beginning of the book, analyzing the items.
It is not simply a vague concept written down in words, but is analyzed one by one using real-life examples.
It's as if the reader is watching an expert's analysis right next to him, allowing him to naturally absorb his analysis.
In particular, the 'Professor Seol's Tips' section that appears throughout the book seems to be a collection of the expert's core know-how collected separately in a handwritten notebook.
It also includes actual documents that must be reviewed at an actual auction, such as a map, a sales description, an appraisal table, and a register, to help readers gain indirect experience.
In particular, the bidding process and forest management know-how are all presented in a manual-like format with actual photos so that anyone can respond without difficulty on site.
We've diagrammed the auction process and procedures to help readers understand each step of the auction at a glance, and have released a useful 'checklist' for those in the field.