check out short video guide for auction beginners:

Video 1

Video 2

Video 3

Prepare yourself for the auction! Here you go the list of most important terms used during auctions:

Auction Site- means any premises from where the auction is conducted

Auctioneer- Denis A. Barrett Auctioneers and Property Consultants, its staff, representatives , any person or persons for the time being authorised by the Auctioneer to have the conduct of the auction

Bidder- means any person who has registered with the Auctioneer and has been issued with a Bidding Number for an Auction

Bidding Number- means the unique bidding number assigned to the Bidder upon registration with the Auctioneer for an Auction

Commission- means the percentage payment as detailed in Terms and Conditions of an auction (for Link Auction it is 10% plus VAT) due by the Purchaser to the Auctioneer upon the sale of any Lots.

Hammer Price- means the highest bid for any Lot accepted by the Auctioneer at an Auction

Lot- means any individual single part of a consignment put up for Auction by the Auctioneer

Purchaser- means the highest Bidder for any Lot

Purchase Price- means the sum total of the Hammer Price plus VAT and the Commision plus VAT

Vendor- means the seller of any Lot

Reserved Auction- the vendor has right not to sell a Lot below certain price (e.g. He/She may reserved not to sell a Lot if the highest bidding price for a certain Lot(s) is less than €5 )

Non- reserved Auction – there is no minimum price set for a Lot to be sell

REMEBER: read the terms and conditions before registering as a Bidder. Don’t forget to add commission and VAT charge to the Hammer Price while bidding.

See you on Saturday:)

(at number 2 DOSCO Industrial Estate, the Link Auction starts at 10 am sharp).

2 bedroom apartment (duplex) available to rent from 6th June 2011. A must see!

Apartment To Let: 24 Fermoy Classes LAke, Ballincollig

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