Property auction team plan for 2021
An auction house has said it had a strong 2020 as it prepares for the next 12 months.
Despite a roller-coaster 2020, which saw Iam Sold Property Auctions move all its auctions to its online platform, company directors Patrick Folan and Patrick Convey announced a strong year for the property market last year.
Iam Sold plan to continue with monthly online auction dates in 2021 and will hold 11 auction dates in all four regions, Leinster, Munster, Connacht and Northern Ireland.
Company Director Patrick Folan said: “We feel 2020 was a landmark year for online sales in general with many customers becoming more comfortable with online buying and selling. Our online platform makes bidding easy for buyers while also giving the transparency and speed currently lacking in sales by private treaty.
“Throughout 2020, we as a company were in a unique position to be able handle some of the current challenges facing the industry. Our online platform allows buyers to bid from the comfort of their own home, as well as allowing contracts to be exchanged online making the transaction as simple as possible. These factors have meant we have had our most successful year to date despite the difficulties we have faced last year.”
Iam Sold released statistics showing enquiry levels during the second half of 2020 are overall significantly higher than the same period in 2019.
This burst meant enquiry levels soared by about 60 per cent during Q3 compared to the same period last year. However, the auction specialists noted that in the last couple of weeks of 2020, enquiry and viewing levels have stabilised to what would be a considered more normal level for this time of year.
Mr Convey added: “While an increase in the viewing levels this year is certainly a positive for the industry after months of restrictions, we also note a degree of caution due to low supply of housing which may hinder the market this year. With high demand and low stock, now is an excellent time to sell and we would encourage anyone thinking of selling to get in touch sooner rather than later where possible.”