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Recently Sold Properties
Thinking of Selling?
Wheeler Auctioneers will carry out a ‘No Obligation’ visit to your property for an initial chat and discussion about your proposed sale.
The purpose of this meeting will be to provide you with an accurate and honest assessment of the value of your property.
We will outline the sales process and marketing strategy, agree selling fees should you wish to instruct us in your sale.
The Sales Process
A Step-By-Step Guide
1. Establish The Terms & Legislation Requirements
After the initial market appraisal and once an asking price is established, you can discuss and agree on an agency fee with our sales agent.
In most cases this is a percentage of the selling price.
A marketing budget will be discussed for proposed print media (Newspapers) to be used if any, as this is an optional extra,
but highly recommended to maximise the exposure of your property. Our fee plus V.A.T. and any additional agreed expenses are payable
on completion of the sale. A (Property Services Regulatory Authority) PRSA Agreement which is the agreement between
Agent & Vendor will then issue. We are required by the PRSA to issue this agreement to you prior to going to market.
You will also need to supply Anti-Money Laundering documents.
To comply with this requirement, you need to provide us with two identification documents
(photo ID and proof of address) and both must be current for each vendor of the property.
· Photographic ID (proof of identity) – A copy of a valid driver’s licence or passport
· Proof of current address – A recent utility bill which contains your name and
current address dated within the last 6 months.
2. Survey For Preparing Your Property Information For Market
Details & Measurements Our agent will revisit your property to take full room details and
measurements.
Photography – We will instruct our Photographer (Cost included in our Fee) to photograph
your property with option of Video walkthrough and drone footage.
Signage – Instruct our professional sign company to erect appropriate signage.
We recommend the placement of a “For Sale” sign at your property.
Brochure – We would create a brochure for Enquiries, office display and our window display.
Internet – Your property will be advertised through various online mediums, such as
our own website wheelerauctioneers.com, myhome.ie and daft.ie.
Social media – We also highlight properties on various social media platforms such as Facebook.
3. Viewings
Agree with the agent a structure for Individual & Open Viewings.
We recommended that you not be present while the viewings are taking place.
We will pursue all enquires vigorously and facilitate all view requirements which
potential buyer might have.
Ascertain the ‘Bone Fide’ of all bidders and their ability to complete a sale either
by way of mortgage approval or if they are cash buyers.
4. Offers & Getting Sale Agreed
We will keep you updated and up-to-speed on all interest and offers shown in your
property during the campaign.
Upon consultation with the Vendor, we will agree a sale to the most suitable Purchaser
We will look for a booking deposit from the buyer. The booking deposit is fully
refundable up until the point of contracts being exchanged.
We will issue Sales Advice Letters to your solicitor and the purchaser’s solicitor,
outlining the details of both parties, the agreed purchase price, any conditions of sale.
On receipt of the Sales Advice Letter, your solicitor will draft a contract.
5. Closing The Sale
Contracts are then sent by your solicitor to the proposed purchaser’s solicitor, who will usually respond with any pre-contract queries
about matters such as title, structure, property tax or management fees.
A sale can typically take between 6-8 weeks, during this time it is a good idea to keep in regular contact with your solicitor.
Following a successful resolution of any queries, the buyers will sign the contract and pay the balance of 10% of the purchase
price (inclusive of the initial booking deposit).
The contracts are then sent back to your solicitor and you will be invited to sign. Once both parties have signed the contracts, the property
is now sold. The buyer’s solicitor would then advise them to carry out a pre-closing inspection, either the day of, or before the closing.
This ensures that the property is in an acceptable condition for closing. On completion of the pre-closing inspection and once all is
confirmed, the remainder of the funds will be transferred to your solicitor, who will pass the payment onto you.
At this stage the buyer is invited to collect the keys of their new home from your solicitor or from the sales agent.
This is the final step, you have successfully completed the sale of your home.
Recommendations For Vendors
NOTIFY YOUR SOLICITOR
Once you put your property on the Market contact your solicitor and get them to obtain the following:
· Title Documents – If there is a mortgage on the property, your solicitor will have to write to the financial institution to obtain the necessary documentation.
· Land Registry Folio Map and Filed Plan
· Planning – have the planning checked out in relation to the property and that any planning issues be resolved prior to placing the property on the market.
· Certificates of Compliance – if you have carried out any alterations or extensions to your property, you must have certificates of compliance on file for these.
It is advisable for the vendors to have everything in place, so that once an offer is accepted on your property, a contract can be issued without delay and a contract duly signed.
BUILDING ENERGY RATING
From the 1st of January 2009, a BER (Building Energy Rating) certificate is compulsory for all homes being rented or sold.
Please note that we need the BER Cert and Report prior to the property going for sale on the market.
Viewing Ready
Prepare and present your property to its best advantage both externally & internally prior to going to market and prior to each and every viewing First impressions count and you’ll want the house to appeal to as many people as possible. Remember that it’s always good to have your property presented in the best possible way.
Well-presented homes tend to sell quicker and for higher prices.
Things to consider:
Your front door and driveway/garden are the first things your buyers will see when
they come to your home. Spend time tidying up the outside of the house – plant flowers,
trim bushes, weed, repaint the front door and gate. Ensure the front looks tidy and appealing.
A fresh coat of paint, new tiling or carpets if required, will bring a new lease of life to any room. It is essential that your property is presented well before every viewing.
Special attention should be given to the kitchen and bathrooms. Make sure the beds are made. Clutter doesn’t sell homes; it makes them seem smaller and disorganised.
Take time to remove as much as possible without leaving the rooms bare. In the summer, open up curtains and blinds, let a much natural light flood into the property.
This can create a wonderful atmosphere. In winter, make sure all the light bulbs are working and have the lights switched on for viewings, heating on and if you have a fireplace, have the fire lit.
