Second overseas and Irish auction from Ann Collins

Athboy auctioneer Ann Collins is holding her second overseas and Irish property auction at the Citywest Hotel, Dublin, on Sunday 29th March. The first took place at the same venue on Thursday 29th January, when buyers, sellers, investors and holiday home-seekers packed out the auction room that seats 250 people. Liz O"Kane from House Hunters and House Hunters in the Sun (RTE) opened the night, commenting that, in challenging times, it was great to see positive action and solutions being offered to help people sell their properties. 'When the price is right, there will always be a buyer or investor ready to purchase and where better to bring these people together than the platform of an auction room, where business will inevitably be done after the auction procedures,' she remarked. Help was also on hand from Tom McGrath Solicitors, IFG Mortgages, and International Tax Consultants. The auctioneer on the night was Aidan Heffernan of Sherry FitzGerald Royal in Trim. The tension in the room was palpable as the first of 56 properties came up. With television news cameras present, it became clear that those wanting to bid would not, as having their faces on camera was not on their agenda. The property auction administration team also confirmed that many bidders were uncomfortable having seen the television cameras, and instead waited till the end of the evening to speak with Ann Collins directly about the property they were interested in. By auction"s end, there were five properties under offer and one sale, a 10 per cent sales uptake. Two properties have been sold following inspection trips and a further eight properties are under offer and 10 inspection trips arranged in the coming weeks. Property Auction says it is busy sourcing more overseas property on behalf of buyers who hav been contacting them with specific requirements. New property listings being uploaded to the website are coming via developers and overseas banks and these are generally in Spain, USA and Ireland. For the next auction, Property Auction has decided to host an auction day. This means that buyers can get full information on a one-to-one basis on the property that interests them and then bid privately. Any offer reaching the reserve price will automatically be accepted and the buyer has seven to 10 days to undertake the due diligence. All private offers that do not reach the reserve price will be put to the vendor for further negotiation between both parties. Admission is free. For further information, contact Ann Collins, Overseas and Irish Property Auction, on (046) 943 0823, email info@propertyauction.ie or see www.propertyauction.ie