Start to Finish. How it works?

Selling your home is simple if you prepare your property. With this in mind we have compiled all that is involved in the sales process from start to finish, suggesting ways of making life easier for you. Once you have decided to sell your property you must decide which method of sale to use. 

This is where the advice of the estate agent should be adhered to. The two most popular methods of sale in Ireland are by Private Treaty or by Public Auction.

Private Treaty | Auction | Advertising | Viewings | Negotiation | Closing


PRIVATE TREATY

This is the most common method of sale in Ireland. It involves advertising your property at a predetermined price and taking numerous offers from the various interested parties until the highest or most appropriate offer is acceptable. During the negotiations the vendor is contacted at every step of the process informing him/her of each offer. On the completion of the negotiations between the interested parties and the vendor/agent, the property is then "sale agreed". It is at this stage that the agent will require written confirmation from the proposed purchaser of loan approval from their lending institution. Also at this stage the agent will request that the prospective purchaser arrange a valuer and a surveyor to inspect your property. In doing this, the process can be made more efficient. 

AUCTION

With this method, potential purchasers gather at a pre-determined venue in order to bid for your property. Competitive bidding is invited for the property. Approximately 4 weeks prior to the auction date, interested parties have the opportunity to view your property, while an extensive marketing campaign is ongoing. At auction once the highest bid (and/or reserve) has been achieved and all parties are content, the contract is signed by both parties and a 10% deposit is then paid. The contract is fully binding at this point. Auctions makes the appointment of a solicitor prior to the auction a necessity in order to deal with all queries regarding tittle and contract. All advice that you need will be provided for you by your agent and solicitor.

ADVERTISING YOUR PROPERTY
We'll put all the advertising together and promote your property to attract as many potential buyers as possible. We use signage, brochures, email campaigns, websites, PR and advertising to maximise your properties exposure. 


VIEWINGS

All viewings will be arranged with you in advance. Detailed notes are left after the viewing has finished.


NEGOTIATIONS

It is important at this stage to have open and clear communication. All reasonable offers submitted to your agent will in turn be discussed with you. When the offer is acceptable to you and the negotiations have ceased, the agent will then ask the prospective purchaser for evidence of their loan approval. We have found this to be necessary as it gives an indication of financial situation of the party involved. A lack of awareness on this subject can lead to the sale 'falling through' in later weeks.

Once the agent is content with the loan approval he/she will insist on a booking deposit paid. It is at this stage that a proposed closing date will be agreed between both parties. When we have received the booking deposit, we will then forward letters of sale to the appointed solicitor and to you. Your solicitor will then begin the process of obtaining the deeds and processing the contracts. We request that any and all parties that sale agree any of our properties have their valuer/surveyor inspect the property within 1 week of agreeing your property.


CLOSING YOUR SALE

This is the final stage. Your solicitor, having drawn up and issued contracts to the proposed purchaser's solicitor, will then answer all queries from the purchasers solicitor. Once the proposed purchaser's solicitor is satisfied with all queries, the purchasers sign and return contracts with normally a 10 % non-refundable deposit (process of approximately 2/3 weeks). Once you have also signed and returned (exchanged) contracts, your property is now at the SOLD stage. The agreed closing date is normally adhered to by both parties, however, it is not unusual for the date to be delayed due to finance and other factors.



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