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As another rollercoaster of a year is nearing its end, IAM Sold Property Auctions wishes all its clients a prosperous New Year as the company reviews its year of auctions for 2021.

I AM Sold Property Auctions has seen a high volume of transactions taking place on its binding bids platform in the first couple of weeks of December.Properties from across Ireland and Northern Ireland are still in high demand despite heading towards the final weeks of the year, and it seems high demand is going to continue right up until the end of the year.

IAM Sold Property Auctions is gearing up for its final online auctions of the year on November 18 and December 16. The auctions will offer an array of properties from across Galway, Roscommon, Mayo, Sligo, and Leitrim. Regional sales manager Shane May recently noted there has been a significant increase in inquiry levels with many people hoping to purchase before end of the year.

IAM Sold Property Auctions is expecting strong interest from buyers over the next few weeks as the company prepares for its final auction events of 2021, which take place on November 18 and December 16. In recent years the property market has seen extremely high market activity in October and November with many people hoping to buy or sell before the Christmas period.

CORMAC SHEEHY, MD, RE/MAX PROPERTY PARTNERS

IAM Sold, which operates the Connacht, Munster, Leinster, and Northern Ireland Property Auctions in partnership with 300 established auctioneers, is currently listing for its upcoming online auctions. With a comprehensive schedule of 11 auction dates in each region during 2021, there are regular dates for sellers and buyers to choose from. The auction provider was the first to offer properties for sale via online auction in Ireland back in 2012. The company notes a lot of upgrades and improvements have been made since it initially built that platform nine years ago. These years of experience have allowed it to lead the field in terms of online bidding. With more than 4,000 successful sales in 2020, it remains the largest auction provider in Ireland and the UK.

In recent years, the months leading into the Christmas period have been busy for auction sales with many people hoping to secure properties of interest before the festive day.

IAM Sold Property Auctions, which runs the Connacht, Munster, Leinster and Northern Ireland Property Auctions, is still taking entries for its online auctions, which continue to run frequently throughout Ireland and Northern Ireland. The company is in a unique position to handle sales via its online bidding platform. Buyers can view legal documents before bidding, and once satisfied they can bid via the online auction. The platform also allows for contracts to be exchanged online, making the transaction as easy as possible in the current crisis.

The Connacht Property Auction held its first public auction of 2020 on Thursday in The Menlo Park Hotel, Galway. Of the 17 properties on offer, 14 were successfully sold, giving an 82 per cent success rate for the first event of the year. After a successful run of auctions in 2019, the auction team were expected to start 2020 off in a similar manner and they did not disappoint with strong interest in the majority of lots that were offered.

Success was on the cards for The Connacht Property Auction last Thursday, September 13, as the company sold 88 per cent of the lots offered at its public auction in the Menlo Park Hotel. Lots offered included residential properties, commercial buildings, sites, and investment properties from across Connacht including Galway, Mayo, Leitrim, and Roscommon.