Auctions

Selling at auction offers speed, high certainty of sale, and the potential for a premium price through competitive bidding, with contracts typically exchanging immediately upon the fall of the hammer. It is ideal for unique, high-demand, or problem properties, often closing in 30 days or less with minimal risk of falling through.

Binding

In a traditional auction, when the hammer falls, the contract is legally binding. The successful bidder must typically pay a 10% deposit immediately and complete the sale within 20 working days.

Condition

Properties are sold "as is." It is essential to have a survey completed before the auction, as discovered defects cannot be used to renegotiate the price later.

Bidding

Before bidding, you must review the "Legal Pack" provided by the auctioneer. This contains the title deeds, contracts, and planning documents. Unlike private sales, you cannot negotiate terms after winning.

Reserve

This is the minimum price the seller is willing to accept. If bidding does not reach this amount, the property may be withdrawn

Documents Required

Anti-Money Laundering

To satisfy Anti-Money Laundering requirements, you will typically need to provide us with two separate documents. One to verify your identity (Driving License or Passport) and another to verify your proof of address (Utility Bill or Bank Statement).

Letter Of Engagement

As the property sector is regulated by the PSRA in Ireland we require a signed letter of engagement (B1 Form) signed within 7 days of your property going onto the open market. This document will cover your rights and list all details about your property and sales price.

Auction Fees

Sales Fee

Land & Property

2.5% + VAT of Final Sales Price

Marketing Fee