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Tips for buying a property at auction through PropertyAuction.ie
Buying property abroad is more popular than ever, with increasing numbers of people following their dream in purchasing a holiday home, a buy-to-let, or moving lock, stock and barrel to the sun. If you're planning such a purchase, read our guide before you buy.
Location checklist
Before you start looking for a property, ask yourself the following questions which are designed to save you time and money in the long run:
Remember to take two forms of identification with you to the auction also take your cheque book and your banking details.
On arrival, you may need to register with the auction house in order to bid prior to the start of the auction. Check with your auctioneer.
On arrival, get a copy of any addendum sheet. These are usually distributed around the auction room and contain late information or alterations. Don't assume that all the properties included on the website will be offered on the day of the auction. Some may be withdrawn or sold prior to the auction.
Take a seat or stand somewhere in the room
where the auctioneer will able to see you bidding clearly. When placing a bid, make sure you gesture clearly at the auctioneer. The auctioneer will warn the room when he is concluding a sale.
If a property fails to reach its reserve price, don't give up! The vendor may decide to accept your bid later at the end of the auction. Make sure you leave your details with the auctioneer.
Don't forget that the property becomes the buyer's insurable risk as soon as the hammer falls. The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a lot without taking these normal precautions you do so at your own risk.
- Bidding is not restricted to our 'Private Auction Showcase' days. You may make an offer at anytime by simply clicking the
button whilst viewing any of our listed properties.
- PropertyAuction.ie do not charge any fees to the buyer.
We plan to hold regular Private Auction Showcase Days together with a website listing uploaded some weeks in advance for your convenience. Go through this information carefully, read the details thoroughly and identify the properties that interest you.
- Let us know if you wish to receive any additional information regarding the property that interests you.
- Research the property thoroughly.
- Carefully read all terms and conditions.
- Always obtain legal or professional advice from your solicitor.
- Please Note: All offers are subject to full due diligence being carried out by you and your solicitor and an inspection trip if required.
Buying property abroad is more popular than ever, with increasing numbers of people following their dream in purchasing a holiday home, a buy-to-let, or moving lock, stock and barrel to the sun. If you're planning such a purchase, read our guide before you buy.
Location checklist
Before you start looking for a property, ask yourself the following questions which are designed to save you time and money in the long run:
- Do you prefer the town or country?
- Do you want to be inland or by the beach?
- Do you want a large outdoor area around your property?
- How close do you want to be to local shops, bars and restaurants?
- Where is the nearest public transport and how often is it available?
- How close is the property to the airport?
- Are the local health and social services suitable for your needs?
- What type of entertainment is available in the area?
- It is important to be fully aware of the legal process and all costs involved in your purchase.
- Obtain professional advice and check your finances.
- Research all legal issues and costs involved. Your solicitor should advise and assist you.
Remember to take two forms of identification with you to the auction also take your cheque book and your banking details.
On arrival, you may need to register with the auction house in order to bid prior to the start of the auction. Check with your auctioneer.
On arrival, get a copy of any addendum sheet. These are usually distributed around the auction room and contain late information or alterations. Don't assume that all the properties included on the website will be offered on the day of the auction. Some may be withdrawn or sold prior to the auction.
Take a seat or stand somewhere in the room
where the auctioneer will able to see you bidding clearly. When placing a bid, make sure you gesture clearly at the auctioneer. The auctioneer will warn the room when he is concluding a sale.If a property fails to reach its reserve price, don't give up! The vendor may decide to accept your bid later at the end of the auction. Make sure you leave your details with the auctioneer.
Don't forget that the property becomes the buyer's insurable risk as soon as the hammer falls. The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a lot without taking these normal precautions you do so at your own risk.