The Connacht Property Auction is now taking final entries for their next public auction which will be held in the Clayton Hotel, Galway on Monday, 26 May.
There are only two weeks remaining before the lot list will be finalised and property owners wishing to sell should contact the auction team quickly if they would like to be included within the auction. The auction will offer residential, commercial and agricultural properties which will be marketed extensively across Connacht and indeed nationwide leading up to the day of the auction.
A fair market reserve is agreed with the owner and the highest bidder secures the property, providing their bid is at or above the pre-agreed reserve price. The Connacht Property Auction is the only auction company in Ireland that operates the modern method of auction, which allows purchasers buying with a mortgage to buy through auction.
This should mean more buyers can bid on the property and ensure that all properties are sold at fair market value on the day. Indeed, the company are so confident in selling the properties on the day that they do not charge entry fees or marketing costs to enter the auction.
One of the main advantages of selling through the Connacht Property Auction is that it offers both online and public auctions. Patrick Folan of the Connacht Property Auction said the online auction was “key to generating the interest”.
“We allow buyers to inspect the property as normal and if interested, they can put a bid forward at any stage during the 45 day online auction,” said Mr Folan. “All bids are made visible on the online auction website making the process completely transparent. The online auction allows the auction team to assess the interest and bids and then decide to accept the highest bid or put the property forward to the public auction event.”
The company is currently working with a host of auctioneers including Spencer Auctioneers (Oughterard), Paddy Keane (Ballinasloe), Michael Ryder (Tuam), (Gort), Matt O Sullivan (Clifden), Lyons Bracken (Athenry), Michael Cunningham Auctioneers, Keary Auctioneers (Loughrea), Arthur & Lees (Ennis) and Considine’s (Kilrush) amongst others.
Some of the benefits of the auction are the seller’s reserve, which is the seller’s minimum walkaway figure, no upfront costs, a non-refundable deposit from buyers, a fixed date to sell and move, substantial viewings and interests and the prospect of achieving full market value.
Contact The Connacht Property Auction on 091-882121 to arrange for a free property valuation or for more information visit www.connachtpropertyauction.ie.
The Connacht Property Auction’s next public auction takes place on 26 March, in the Clayton Hotel, Ballybrit at 7pm. Registration starts at 6.30pm.