If you have not already registered for an account, you can register in minutes at www.iamsold.ie or on any of our regional auction websites.
You will then be sent a verification link to your email address. Once verified, you can access your account at any time and view all properties and available legal packs. Here you can see current highest bid, a register of bids received and the end time for the auction.
Once you have decided to bid on a particular property, you can then register to bid on this property
To register, click on the "View & Accept The Terms of Auction" on the top of the page for the property. You will need to upload an ID & proof of address such as a utility bill or bank statement from the last 3 months.
As part of the registration the buyer will confirm they are satisfied with the legal pack provided and the terms and condition of the auction.
To complete the registration to bid you will need to pay a €50 registration fee immediately and to place a hold "pre-authorisation" of €6,500 on the nominated card.
Bank transfers are also accepted however these will take longer to process. The pre-authorised "bidder security deposit" will only be fully debited from the card if you are the successful bidder. The deposits will be released or refunded if the bidder is not successfully in securing the property.
Once the above steps have been completed, the bidding application is complete.
This will be verified and accepted by a staff member and you will receive an email authorising you to bid on the subject property.
You will clearly see the current bids on each property. To bid, you must bid at least €500 more than the current highest bid.
Bidding is open until the end of the auction period which generally runs for between 30 and 45 days. However, vendors can also decide to accept bids before the end of the auction, so it is important to register your interest early. If a bid is placed within the final 2 minutes of the designated closing time, the auction end time will automatically reset back to 2 minutes remaining on the online auction.
Once you have secured the property of interest, contracts for the property will immediately be signed on your behalf.
If there is a balance of deposit for the 10%, this will need to be paid by debit card or bank transfer within 2 working days. The contracts will be sent to the solicitors for the vendors and the purchaser and the sale will close usually within 4 weeks.