The first Connacht Property Auction, was held on Thursday 14 November at The Clayton Hotel in Galway. A large crowd attended the event and bidding was strong on the majority of the properties. Of the 27 properties offered, 22 were sold and the auction team confirmed that there have been further offers and bids on three of the unsold lots.
Over €2,000,000 worth of property from across the region was sold at the sale and the reserve price was well exceeded on many of the properties on offer.
The Connacht Property Auction offers a new property auction system which allows home owners to sell their properties quickly, for fair market value. There are no upfront costs for entry or marketing which makes the proposition very attractive to buyers.
This auction, which works in partnership with a host of estate agents from across Connacht, was established in response to the sluggish property market where it can often take many months to sell homes, leaving property owners frustrated and unable to release funds from their properties.
With this system, vendors firstly agree their minimum reserve price which allows them to be in complete control of the process. The property is advertised as normal on property portals such as Daft, MyHome and the auction website, ConnachtPropertyAuction.ie.
Interested parties can view the properties as normal and make bids at any stage during the 45 days. All bids are visible on the online auction website making the sales process completely transparent.
“We are absolutely delighted with the success of the first auction, as were a number of our clients. We are certain that the auction will go from strength to strength and we are now taking entries for our online auctions which run continuously and our upcoming public auctions in February and March,” commented Patrick Folan from the Connacht Property Auction.
“The first Connacht Property Auction was a resounding success, the overall feedback from the all of our clients has been fantastic. We achieved some excellent sales results with competitive bidding on a large number of the properties” he added.
“We are now looking forward to our upcoming auctions where we look to continue our success. We offer an unrivalled network of agents which provides a fantastic platform for any property owner looking to dispose in a secure and transparent process, at fair market value.”
The Connacht Property Auction is now taking entries for their online and public auction events. Call the auction team today, whether buying or selling, on 091-882121 or visit www.connachtpropertyauction.ie.