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Payment methods for deposit at house auction

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  • 08-04-2010 12:52pm
    #1
    celticbhoy27
    Registered Users Posts: 885 ✭✭✭


    hi guys hope im in the right section here, hoping some of ye can help! basically im looking to buy a house at auction in near future. i know theres a 10 per cent deposit to be paid on the day, as i dont have a checking account im just wondering how or whats the easiest method of payment on the day? my savings are in BOI, is there such a thing as a one off cheque or bank draft or???????/ im an absolute noob (emphasis on the 2 o's ) so any help would be greatly appreciated thanks guys


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    #2
    TommyT
    Closed Accounts Posts: 511 ✭✭✭TommyT


    Ask your bank for a cheque book, or get a bank draft. As it is an auction it will be hard to know what the 10% will be.
    I take it you are gong to the auction at the end of the month in the Shelbourne?


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    #3
    celticbhoy27
    Registered Users Posts: 885 ✭✭✭celticbhoy27


    no its local auction here in kilkenny mate, coming up in next few weeks! thanks for the reply mate much appreciated! the banking side of things really frustrates me


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    #4
    Victor
    Registered Users Posts: 78,364 ✭✭✭✭Victor


    You are buying a house and don't have a cheque book. :eek:

    Talk to any auctioneer, possibly the one involved, and ask what they will accept. I'm not sure if its mean to be made out to auctioneer or seller.

    Be very careful with an auction, talk to your solicitor before hand and make sure you get the property checked out professionally. Its a lot harder to back out of a auction sale than other sales.


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