I have many years experience in the auction process for residential properties. I now believe the time is right for this method of sale again in certain instances given how protracted and slow private treaty sales can be and of course the lack of transparency. Auctions are ideally suited for vendors looking to dispose of a property quickly or where the value of the property is difficult to ascertain like with unique properties or properties requiring significant upgrading.

The main advantages of a sale by public auction are:

• Speed of process from beginning to end (as little as eight weeks)
• Potential for exceptional result for both the buyer and the seller
• Totally transparent and open
• Unconditional contracts signed on the day
• Cost effective – concentred marketing campaign geared to producing competitive bidding 

Our next auction is taking place in February 2012. Please contact us for further information or email me directly at owen@owenreilly.ie if you would like to discuss further. 

If you are going to the auction and require the services of a solicitor and a surveyor I would recommend Dillon Solicitors and Hammer House Auction Services.  Both of these companies are offering competitive rates and are totally independent of this firm.  Please visit the links below for further information:

http://www.dillon.ie//auction_form

http://www.hammer.ie/