The first Connacht Property Auction was held on November 14 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. More than €2,000,000 worth of property from across the region was sold at the sale and the reserve prices were well exceeded on many of the properties on offer.
The Connacht Property Auction offers a new property auction system which allows homeowners to sell their properties quickly, for fair market value. There are no upfront costs for entry or marketing, which makes the proposition very attractive. This auction company, which works in partnership with a host of estate agents from across Connacht, offers properties for sale via its online auction and public auctions.
With this system, vendors first agree their minimum reserve price which allows them to be in complete control of the process. All properties are marketed via a 45-day online auction initially, and if they are receiving strong interest, they can be put forward to the public auction event. The properties are advertised on property portals such as daft, myhome, and the auction website www.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. The public auction events take place in the Clayton Hotel, Galway, where the highest bidder secures the property.
Patrick Folan from the Connacht Property Auction commented: “We are absolutely delighted with the success of the 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.”
Call the auction team on 091 882 121 or visit the website www.connachtpropertyauction.ie
