iamsold, whose online binding bids platform is used by more than 300 auctioneers across Ireland, has noted steady inquiry levels throughout May and June and expects continued demand for properties on the platform throughout the summer months.
Regional manager Shane May stated: “We are continuing to experience a busy marketplace with active buyers across all property types. We are also seeing an uplift in stock coming to market month on month, which is welcomed after a period of low stock levels coming to the market. The iamsold platform offers auctioneers and their clients the option of binding bids and we are seeing an increasing number of vendors opting for this route.”
Mr May continued: “Our platform lets bidders review all legal documents prior to bidding, which allows them to then bid confidently. Once they are happy with the legal documents and have their bid accepted, they pay down a non-refundable deposit and sign contracts immediately. This process cuts down the time to transact from a national average of seven to eight months down to three months. This can be a big positive for both buyers and sellers who want to move within shorter timeframes.”
Last week iamsold, along with many of its partner auctioneers, enjoyed a flurry of sales via the online binding bids platform, and is now taking entries for upcoming dates on July 21 and onwards.
Some of the successful recent sales include the following.
Killogeary, Carrowmore Lacken, Ballina, Co Mayo, a well presented four bed detached house overlooking Lacken Bay, was sold by Gerry Rowland auctioneer, Ballina, using the iamsold platform. The property had a starting bids price of €215,000 and successfully sold for €230,000.
Offered for sale by Henry auctioneers, Sligo, was Number 3 Corradoo Cottages, Ballinafad, Co Sligo. This two bed semidetached cottage was presented is good condition and ideally located in the picturesque village of Ballinafad. After several inquiries, the property sold for €90,000 to a delighted new owner.
In Abbeyleix, Co Laois, a fine two bed semidetached property was offered to the market with Clement Herron Real Estate, Portlaoise. This picturesque, recently restored, property had strong interest from several buyers looking in the general area and was successfully sold to a new homeowner for €255,000.
Meanwhile in Churchill, Co Donegal, Glen Estates, Letterkenny, offered for sale a traditional one bed cottage. The property, which was recently renovated, enjoys beautiful country views, and was offered at bids over €95,000. After a number of parties placed bids, the property was successfully sold for €133,000.
Elsewhere in Kinsale, Co Cork, a quaint two bed stone-built detached cottage sold by James Murphy & Co, Kinsale. Due to its location, Nicholas Cottage offered would-be buyers an ideal holiday home and attracted buyers from both Ireland and abroad. With a starting bid of €190,000, bidding came in swiftly and after several bids from a number of parties the property successfully sold for €275,000.
iamsold also had a number of successful sales in Northern Ireland with several properties and land selling under the virtual hammer. One of the most popular properties was a fine four bed detached dwelling on Moss Road, Ballynahinch, Co Down, offered at bids over €225,000. The property received a number of bids before successfully selling for £261,000 by Tim Martin estate agents, Co Down.
iamsold is now taking entries for its upcoming online auctions on July 21 and September 8.
For more information on the iamsold binding bids platform, or to discuss selling your property by auction, call the iamsold team on 01 244 0000 or visit www.iamsold.ie
