FAQ’s
What is a market appraisal?
A market appraisal is a free, no-obligation consultation conducted by an estate agent to evaluate your property’s market value. They will provide a guidance of current market values based on recent sales and outline what to expect from the sales process.
How does a market appraisal differ from a Valuation?
A valuation is a written report on the property usually prepared for a specific purpose such as Bank lending, Probate, Fair deal or legal / court purposes.
A valuation is usually more comprehensive and generally a fee agreed and charged.
What is the difference between a Private Treaty sale and a Public / On line Auction?
A private treaty sale is one where buyers are invited to view and make an offer on a property. There is no obligation on either side to proceed with the transaction until contracts are exchanged.
An auction is where the property is advertised to be offered for sale on a specified day. Buyers are expected to carry out their due diligence i.e check out title and surveys in advance of the auction as if they bid the reserve price and are the highest offer their offer will be binding.
What is a licenced estate agent?
Under law in Ireland an estate agent / auctioneer is required to have a licence granted by Property Services Regularity Authority. If an agent is not licenced they are unregulated and you do not have the same protections.
What is a booking deposit.?
A booking deposit is a non binding deposit paid to the auctioneer. This deposit is usually a percentage of the sale price. It is refundable to the buyer up until contracts have been signed by both parties and deposit paid in full.
What is a building energy rating certificate ( BER cert)?
It is a legal requirement when offering a property for sale or rent to advertise the Building Energy rating of the property.
The Building Energy Rating (BER) allows prospective buyers or tenants to objectively compare the energy performance of different dwellings on a like-for-like basis. It helps you to understand the energy efficiency of a home and can be used as an indicator of the running costs and carbon emissions associated with heating the home to a comfortable level.
How much does a BER cost?
There is no set fee for a BER assessment it is a matter of inquiring form individual assessors. The cost for a standard property can cost between €200 and €300.