In January Buyers Broker Ltd brought you the news of Ireland’s first fire-sale bank property auction, due to take place in Dublin’s Shelbourne Hotel on the 15th April 2011. I know many of you were frustrated that I could not disclose all details at that time (at the request of the bank/their estate agent). The good news for buyers this morning – Specifics of the auction, lots and properties that were being kept under wraps have now been released to the public two weeks earlier than planned, this means that we are free to act on this and to get buyers ready for the 15th and we have two extra weeks to do this!

Upcoming Irish title ‘The Irish Property Buyers Handbook 2011’ has a section on property auctions in advance of this first quick fire auction and NAMA’s upcoming one later this year. The book covers the steps involved in preparing for auction and techniques for successful bidding.

For my part, I have agreed to blog on the practical workings of Irish property auctions and what potential bidders can expect in the auction room on the day so prospective buyers are encouraged to sign up to receive these posts or join us on Facebook, Twitter and LinkedIn under Buyers Broker.

It will be a busy few weeks leading up to the 15th April as each likely property will need to be investigated and assessed for ‘real’ value. Buyers Broker will endeavour to hold auction training in our offices at Trinity Street, Dublin 2 so if you would like to avail of this training, please contact as soon as possible.

Carol Tallon,
MD Buyer Broker Ltd.

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