GUIDE TO BUYING AT AUCTION
Prior to the Auction
Request a copy of the contracts/conditions of sale from the solicitor with carriage of sale of the property. Have your own solicitor read through it if you have any queries. Alternatively your own solicitor can request this information for you.
Have an Engineer/Surveyor check of the property.
If you are getting a loan make sure you have this in writing from your lending institution. If you are not in a position to close the sale you are liable to loose your deposit.
On the Day of the Auction
If you are the successful purchaser you will be obliged to sign the contract immediately and pay 10% of the purchase price. This contract is binding and is not subject to any conditions such as Loan Approval or Engineers report, all this must be in place before the auction.
This deposit is to be paid in the form of a Bank Draft or personal cheque which should be made payable to O’Donnellan & Joyce Auctioneers.
Please be aware this 10% deposit is a non refundable deposit.
The closing date will be included on the contract. If the closing date is not suitable please discuss a change of date with the solicitor before signing the contract.
All auction properties are open to the public for viewing on two designated days/times each week – usually Wednesday or Thursday and Saturday. However, as the auction date draws closer private viewings will be accommodated through consultation with the auctioneer.
Please note that in the interest of security all persons entering a property for open viewings will be required to sign their name & phone number on arrival.