Judicial real estate auction platform for iSubasta, self managed

An asset auction is not a store: every lot is unique, requires a deposit to bid and ends in a procedure with legal consequences. The client team runs it without the vendor.

Judicial real estate auction platform for iSubasta, self managed

Judicial real estate auction platform for iSubasta, self managed

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The challenge

iSubasta is a Spanish entity formed by legal and real estate professionals, specialized in realizing assets through judicial, insolvency and out of court routes.

An asset auction is not a store: every lot is unique, described by attributes that change with the asset type, carries participation conditions, requires a deposit to bid, and the circuit ends in a procedure with legal consequences.

  • Every asset is described differently: forcing a single schema leaves out what defines each lot.
  • The deposit is the critical point: if you cannot identify which property each payment belongs to, the auction falls apart.
  • Vendor dependency: if every new auction requires development, the business does not scale.

And a different business line, the sale of credit, had to coexist with real estate without sharing structure.

The solution

We built the platform so the entity's own team runs it: creating auctions, defining each one's attributes and filters, publishing lots and managing orders.

Control of the economic circuit was designed around the point where an auction falls apart if it fails.

Auction engine

  • Creation and editing of auctions with their general configuration, lot creation and removal, and category management.

A data model that adapts to the asset

  • Creation of custom attributes and filters per auction, so each asset type is described and searched by what belongs to it.
  • Support for a business line other than real estate, the sale of credit, with its own filters.

Deposit traceability

  • Order management and a procedure identifying which property each deposit payment belongs to.
  • It is the core of administrative control, and the point where an auction falls apart without traceability.
  • Discount coupon generation on the commercial side.

Architecture and technology

  • Platform with site content administration, texts, images and pop up copy, plus user management.
  • User manual documenting every procedure step by step, for autonomous operation by the client team.

Learn more about software development.

The result

The entity runs its own business online without depending on the vendor to publish an auction.

Starting point

  • An auction business with no platform of its own taking it online.
  • Assets that do not fit a single schema catalog.
  • No traceability between deposits received and the properties originating them.

Strategic impact

  • Each auction defines its own attributes and filters, so a new asset type needs no development.
  • Credit sales coexist with real estate without sharing structure.
  • Deposit identification by property closes the administrative control point.
  • The user manual documents the procedures so the team operates alone.

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