Once you have made the decision to appoint Spencer Auctioneers as your firm of estate agents your property will be assigned to one of our qualified auctioneers who will guide you through the selling process and make an appointment to visit your property at a time convenient to you.
During the first visit your auctioneer will examine your property and any special features, then discuss with you the method of sale and the value of your property with a view to agreeing with you a guide price for your property. Our agent will take detailed measurements of the property and notes of all the relevant details and features, paying particular attention to key selling points within or surrounding the property. This will include an assessment of the quality of the accommodation, the state of internal and external decoration, the location and the views from within and outside the property. Our agent will draw your attention to any obvious deficiencies which may be easily rectified. We would also agree with you which fixtures, fittings etc, are included in the property to be sold. The property will be extensively photographed for the purpose of our full colour brochure and for our website.
During this meeting we will also discuss with you the following:
Following that initial meeting, we will send to you our draft details of your property for your comment and confirm to you:
Once you have agreed the sales details, our agent will assign your property a unique reference number. We will then prepare a full colour brochure containing interior and exterior photographs of the property, which will be inserted into the sales details. Once you have agreed that your property should be put on the market, this completed brochure will be sent to all potential buyers registered on our computerised property database, to interested callers and also handed out at viewings. We then put signs on the property (as long as you have no objection) so that people are aware that the property is now for sale, and to enable buyers to find the property.
We are particularly adept at getting properties entrusted to us for sale featured in all the relevant local and national press and other media and the full brochure will be sent to all National, Weekend and Regional newspapers as a basis for any editorials. Your property, together with all images, will be listed on our successful web site at www.spencerauctioners.com and also listed on Ireland’s Biggest Property Site www.daft.ie.
If your property is vacant, we would ask you to let us have a key, so that we can conduct viewings. If your property is occupied we will arrange viewings of the property at times to suit the occupants, and we are usually able to give 24 hours notice of all viewings. Our agents always accompany all buyers and we will then give you feedback after each viewing.
We will notify you of all sensible offers that have been made on your property, together with our recommendation and advice concerning that offer. Once you have agreed to accept an offer to sell the property, we would obtain from the buyer a booking deposit of 4% of the sale price (which, in law, has to be refundable if the sale does not proceed), at which point the property is taken off the market. We would then prepare a Memorandum of Sale which we would submit to both your solicitor and the buyers solicitor, so that your solicitor can then issue contracts for the sale of the property.
The sale of any property is not legally binding until such time as a contract has been signed by both the purchaser and yourself. The contract will require the buyer to pay a further deposit of up to 10% of the total sale price and also specify a completion date when the balance of the purchase price has to be paid to your solicitor and you have to provide vacant possession.
In an auction situation, your agent will agree a reserve price with you for your property, which is kept confidential and only known to your solicitor, yourself and ourselves. At the auction, once the reserve price has been reached, the auctioneer will declare this during the bidding. Once the highest price has been reached and the bidding has ceased, the buyer is required to immediately sign the contract to purchase and pay a 10% booking deposit. The sale is usually completed within 28 days of the auction.
We hope that the above gives you a better understanding of the procedures for selling your property and how easy and hassle free it can be to sell your property if you choose Spencer Auctioneers.