We sold over 90% of properties we offered for sale at our auctions last year. There are two components needed to maximise the chances of a sale by auction: Firstly, a motivated and realistic seller, and secondly, great marketing exposure. If you decide to explore the auction route further, a member of our auction department will carry out research and honestly discuss the best pricing strategy to maximise interest in your property. However the final decision will always lie with you, the seller.
Our online auctions generally last between 30 - 45 days and interested parties can book a viewing of a property as normal with the auction coordinator. Potential bidders can then register on the auction website, download the auction legal pack and register and place a bid through the online auction website. The time remaining on a specific auction can be seen easily on the property details on the auction websites.
We are the only auction company in Ireland who do not charge an upfront entry or marketing fee to our sellers. We take on board the cost of the expensive marketing campaigns we undertake on each property. If we achieve a successful sale for the seller we are then paid a pre agreed sale and marketing fee once the sale completes.
No, all properties are sold with an "undisclosed" minimum reserve price (agreed with the seller). The only figures the public will see are the 'starting bid' price and actual bids. The reserve price remains confidential between the seller and auctioneer. If the reserve price has been met at the end of the auction, the property will be deemed sold. A non refundable part payment contract deposit is then paid by the bidder to secure the sale.
Yes, if you want to accept a bid to sell your property before the auction has finished that is fine. By law we are legally bound to put any offer for the property forward to you. It will then be up to you to decide if you want to consider the offer and take the property out of the auction early. However in a scenario where this happens the terms and conditions of the auction still apply to both the bidder and seller.
All bids by auction are taken on an unconditional basis unless agreed with the seller otherwise. Once the sale contract is signed by the seller and bidder and 10% part payment contract deposit paid down the sale is legally binding on both parties.
Once the sale contracts have been signed by both the bidder and seller it normally takes 28 days for the sale to complete. Alternative time frames can be agreed if both the seller and bidder are agreeable.