We list the property for sale with a reserve price. Once a bid of the reserve price has been made, we set a bidding deadline. Bids are legally binding. Once the bidding closes, we execute legally binding contracts on behalf of the purchaser and the vendor.
Unlike private treaty sales, all of the legal documentation pertaining to the sale is made available on our website in advance of the auction. Interested buyers can inspect the property, including carrying out a survey, before they place a bid. Bids, once placed, are legally binding. This means that the sale can't "fall through" as happens regularly for private treaty sales. Selling by auction offers vendors closing certainty that private treaty sales cannot.
While conveyancing for private treaty sales typically takes months, once the auction ends, the sale must close as per the terms of the contracts.This is typically 14-21 days after the date of the auction.
Our no sale no fee price of €1995+VAT is unrivalled in the Irish market.
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Savings calculated by multiplying total sales value by industry standard fee of 1.5% + VAT and adding €300 + VAT followed by subtracting Auctioneera's fixed fee of €1,799 + VAT