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Research before public auction of house

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  • 03-03-2014 3:11pm
    #1
    rodge123
    Registered Users Posts: 1,455 ✭✭✭


    A partially completed country house is up for public auction next week and I was considering bidding on it. It has roof and windows but no exterior/interior finish.
    To be honest, we would want to make significant changes to it.

    What should I look into before bidding?
    My architect said he would be happy to look it over.
    Should I also get a solicitor to check things?

    It is advertised with an AMV.
    Does this mean bidding will start at this value?
    Could it be sold for lower?


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    AMV means it will not be sold for below that value. Bidding would normally start well below the AMV- and presumably it would reach and exceed the AMV

    If you're intending on making major changes to the incomplete property- you need to see the planning permission and requirements- its entirely possible you may be in a straitjacket over the entire project.

    Equip yourself with information- don't bid blindly- and don't presume its a blank canvas you can do what you want with.


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