Selling a property at auction:

Selling a Property at Auction

For property owners who are looking for a fast sale in a competitive market, the modern online property auction can be an innovative and effective method of selling. It is an intense process that involves the public sale of any property and which moves from instruction being given to actual completion in a much shorter timescale than would otherwise be the case.

Once the electronic gavel goes down the Seller has the re-assurance of knowing that that we will sign the Contract for the Buyer who will have paid the deposit upon close of the Auction Lot. The Seller gives us Gibson Auctions authority to sign the Contract for sale relating to the property. The transaction is then binding and there is no possibility of a buyer not proceeding. Auctions are a quick, clear, and certain way to sell property.

Why sell with BRG Gibson Auctions?

Local Knowledge and Expertise

Our experienced team of Valuers and Auctioneers have unique knowledge and expertise in the Irish marketplace both, North and South. We are very well placed to offer accurate valuations and sales advice for Northern Irish and Southern Irish land & property.

Proven Auction Results
Our Sales Team has been formed from the leading current Northern Irish Property Auctioneers. We have taken the best Auctioneers, Valuers and Sales Support Staff to form BRG Gibson Auctions Ltd.

Professional Valuers and Auctioneers
You can be assured of our Expertise, Experience, Integrity and Honesty. We are a Fully Insured and Indemnified, Registered Limited Company.

Focused Marketing
We spend heavily on both traditional and online marketing, we maintain an extensive buyer base and provide unique high visibility signage. This ensures an aggressive marketing programme that increases interest and visibility of your property.

Online Advertising
We have tremendously powerful advertising campaigns, offering much more exposure than any other agency and more on-line advertising than any other auctioneer in our areas. We provide access to the vast majority of potential Buyers searching for properties.

Contact us today to discuss how your property will benefit from sale by Online Auction.

NI:          02890 393 966
IRE:        01 447 5177

Conditions for Entry to Auction
Your property can be entered into our online auction, upon receipt of your instruction to proceed. The property would be entered with a Reserve Price. (This is the price below which the property will not sell, without your express authority, and is only known to you and us). We use a marketing figure to attract interest in the property. This is known as the Guide Price. This figure will be set by us with your agreement.

If you are happy with the figure, and wish to enter your property, we will send you an Auction Agreement Form, which you should return to us before we start marketing your property, along with paying the Entry Fee of £250 + VAT.

Your property may be advertised in the Belfast Telegraph Homefinder. Your property will also be advertised on PropertyPal (or if relevant), on our own website, social media (if suitable) and email marketing.

We will, unless ask us not to, put up a ‘For Sale’ board at the property, and carry out two, 30 min Open Viewings in the two weeks leading up to the auction. We can carry out Viewings by Appointment, prior to the Open Viewing.

Legal Documents
Your solicitor needs to send us through a ‘Legal Pack’ which includes:

-          Copy Title

-          Contract

-          Searches and Property Certificates

-          EPC

The Contract, which your solicitor would provide as part of the Legal Pack, will be an Auction Contract, meaning that it will not subject to survey, or obtaining finance. The purchaser will pay a 10% deposit on the night of the auction with a 28 day completion period in the contract, unless you need a longer period.

All the properties can be sold at any time, before and after the Auction, and not just in the Auction itself, but always under Auction Terms and Conditions. We cannot sell your property, if we do not have the legal pack before the auction. We would have to withdraw the property and schedule it for the following auction.

Commission upon achieving a sale is 2% of the price achieved (subject to a minimum of £1,500). All fees are subject to VAT @ 20%. If your property didn’t sell we would enter your property into the next auction free of charge.