The Sellers Guide to Property Auction

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Residential Sellers Guide

SELL YOUR PROPERTY WITH MORE EXPOSURE & BIDDING

Common misconceptions portray auction as suitable only for certain types of properties. In the past, auctions were used primarily for trophy homes and agricultural holdings. In recent times they were more widely used for distressed sales to cash ready investors.

Times have changed and the methods of auction have evolved! At IAM Sold, we offer a flexible route for vendors looking to sell quickly, increase the interest in their property and/or add security to the process that normal selling methods may not be able to offer. Below are just some of the benefits of our service that specifically help sellers looking for that additional peace of mind.

  • No Sale, No Fee
    We are the only auction company in Ireland who work on a no sale, no fee basis; nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.
  • Increased Exposure
    We offer each property increased exposure and advertising to ensure we generate more interest and bids. Our extensive marketing campaigns include both national and regional newspapers, national online advertising and also international online advertising. This is in addition to the advertising being done by our local partner agents to ensure we have interest locally, nationally and internationally.
  • The security of a non-refundable deposit
    Once a property is sold, the buyer pays the non-refundable deposit to secure your property, so you can be sure they are committed to the sale.
  • An undisclosed reserve price
    This figure is set seperately to your starting bids price to ensure you reach a value you are happy for the property to sell for.
  • A fixed date to sell & move
    These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all.
  • Greater levels of interest & viewings
    Your property will naturally receive greater exposure from our website and advertising, your local auctioneer's website, national and international property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property.
  • Achieve market value
    Due to increased exposure & activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.

 

If this sounds like something that would interest you, please call our Auction Department in Connacht 091 882 121, Leinster 01 687 5040 or Munster 021 234 9696 to speak with one of our Auction Specialists without obligation. They have the experience and know-how to get you from start to sold in a transparent and seamless process. You can also request a free valuation by clicking here and following the on-screen instructions and a member of the Auction Team will contact you to discuss your free valuation in further detail, answering any questions you may have.

Auction could be perfect for you to sell your house fast and securely with minimal hassle.

Commercial & Agricultural Sellers Guide

The sale of commercial & agricultural assets can benefit significantly from our approach to sales. We are heavily involved in local, national and international markets along with the investor, business and agricultural communities. This exposure both locally and further afield will ensure each property has the best chance of securing competitive bidding and a successful end result.  

SELL YOUR PROPERTY WITH MORE EXPOSURE & BIDDING

Common misconceptions portray auction as suitable only for certain types of properties. In the past, auctions were used primarily for trophy homes and agricultural holdings. In recent times they were more widely used for distressed sales to cash ready investors.

Times have changed and the methods of auction have evolved! At IAM Sold, we offer both traditional and modern methods with flexible routes for sellers looking to sell quickly, heighten interest in their property and/or add security to the process that the open market may not be able to offer. Below are just some of the benefits of our service that specifically help sellers looking for that additional peace of mind.

No Sale, No Fee
We are the only auction company in Ireland who work on a no sale, no fee basis; nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.

Increased Exposure
We offer each property increased exposure and advertising to ensure we generate more interest and bids. Our extensive marketing campaigns include both national and regional newspapers, national online advertising and also international online advertising. This is in addition to the advertising being done by our local partner agents to ensure we have interest locally, nationally and internationally.

The security of a non-refundable deposit
Once a property is sold, the buyer pays the non-refundable deposit to secure your property, so you can be sure they are committed to the sale.

An undisclosed reserve price
This figure is set separately to your starting bids price to ensure you reach a value you are happy for the property to sell for.

A fixed date to sell & move
These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all.

Greater levels of interest & viewings
Your property will naturally receive greater exposure from our website and advertising, your local auctioneer's website, national and international property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property.

Achieve market value
Due to increased exposure & activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.


If this sounds like something that would interest you, please call our Auction Department on Connacht 091 882 121, Leinster 01 687 5040 or Munster 021 234 9696 to speak with one of our Auction Specialists without obligation. They have the experience and know-how to get you from start to sold in a transparent and seamless process. You can also request a free valuation by clicking here and following the on-screen instructions and a member of the Auction Team will contact you to discuss your free valuation in further detail, answering any questions you may have.

Auction could be perfect for you to sell your house fast and securely with minimal hassle.

Seller's FAQ

Below are a selection of common queries from our sellers. If you need any further help in understanding the selling terms and process, don't hesitate to get in touch.

Is my property going to sell?

There are two main components needed to maximise the chances of selling your property; firstly a realistic seller and secondly great marketing exposure. With our marketing and unique pricing strategy we guarantee the best price in the current market for your property.

If you decide to explore the auction route further, a member of the auction department will discuss the best pricing strategy and marketing route to ensure we maximise interest in your property.

Do I have to accept the highest bid for the property?

No, all properties are sold with an undisclosed minimum reserve (agreed with the seller). The only figures the public see will be the starting bids price and the current highest bid. The reserve price remains confidential as we hope bidding will continue past the set reserve price.

If at the end of the auction the reserve has been met or exceeded, then the highest bid is deemed acceptable. If the reserve has not been met then it is a decision for the seller as to whether they will accept the highest bid.

Can I accept bids outside the auction process?

Yes, if you want to accept a bid prior to the end of the online auction or before the public auction event then that is your decision. By law we are required to make you aware of all offers. It will then be up to you to consider the offer and you may decide to accept the bid. 

How quickly will I have to move out?

Depending on which auction option you select this can be decided by you but will generally be between 28 – 56 days.

Is the bid binding?

We offer two main types of auction, Unconditional and The Modern Method of Auction.

Unconditional Auction - Contracts are exchanged immediately with completion taking place within the next 28 days. Complete security is provided and this is the fastest and most secure method of sale.

Conditional Auction - The bid obliges the buyer to pay a reservation deposit and sign a reservation form. The buyer reserves the right to unconditionally exchange contracts on the property at an agreed price within 28 days and complete 28 days after. 

What is a Legal Pack?

A Legal Pack is a bundle of legal documents prepared before the property is sold. This gives the buyer a chance to view the legal aspects of the property before purchasing. The pack includes: Contract for Sale, Certified Copy Folio and File Plan, Planning Permissions and Certificates of Compliance/Exemption, Receipts for property taxes and levies paid and Any special Conditions of Sale.

What is an Auction Pack?

An Auction Pack is a bundle of legal documents prepared before the property is sold via auction. This gives the buyer a chance to view the legal aspects of the property before purchasing. The pack includes: property information forms, fixture & fittings forms, official register copies, title plan, local search and water & drainage search, leasehold documents if applicable and auction terms & conditions.


If you are unsure about any of the information provided, please do not hesitate to contact a member of the Auction Department for further clarification. 

Request a FREE valuation

No Obligation. No Sale, No Fee.

Further Information

Do you need additional information about selling via auction? Get in touch with us today and one of our experienced advisors will be able to help you. 

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