REQUEST Seller’s market at the moment – auctioneer
A local auctioneer reports an increase in property prices in recent weeks.
âProperty is the seller’s market by the minute,â said Eamonn Gaffney of Eamonn Gaffney Auctioneers.
He said people are choosing to buy rather than build, due to the rising price of building materials.
âSome materials have almost gone up by 100% and it’s still a better option to buy this house than to start building,â Mr Gaffney told The Celt.
He said strong demand is driving price increases as well, with many people leaving the cities in favor of rural life in the countryside.
“There would be a good percentage of people who have sold property in Dublin and are moving to the country.”
He said people “got a taste of the lockdown in Dublin” where they were “confined to the four walls”.
âAt least when you’re in the countryside you can move around more freely. âPeople want to come down to get a breath of fresh air,â he explained.
The auctioneer warned those looking to buy a new home that the properties “are buying up pretty quickly”.
âThere is a great demand for properties in the right location and in the right condition,â he said.
New on the market
The company currently has three new properties on the market for sale – all in an ideal location (see announcement below).
Carnagh’s property, Kilcogy, can be “finished by whoever buys it to their liking.” This is a four bedroom builder’s house located close to Granard, with easy access to the N4 and Dublin.
“It will make a great family home,” Eamonn confirmed.
Cois Locha’s house is located on the shores of Carrigallen Lough and directly opposite Carrigallen Vocational School. The four bedroom home is also marketed as an ideal family home, vacation home, or retreat.
âIt’s in a great location and it’s a great finished house,â Mr. Gaffney said.
The Three Bedroom Home at Cormore is “ideal for anyone looking for a vacation home or a starter home”. It is located just 3 km from Arva in the beautiful countryside of Cavan.
The auctioneer revealed that there was a strong interest in the properties, with visits having already taken place.
âWe have a good clientele looking for properties by the minute.
He gave his advice to those who are currently looking to invest.
âKnow your budget, know your location and choose your auctioneer. “
He also asked people to have the right finances in place.
âIt just makes the process move much faster,â he said.
Eamonn Gaffney Auctioneers converted to an online platform during the pandemic and continues to provide this service.
They first used an app in May to sell a farm near Granard and found the new platform to work well.
âWe were probably one of the first Cavan auctioneers to sell on the LSL app.
“It went well, it hit a record price of just under $ 11,000 an acre.”
He explained that the company is in favor of the online platform and will continue to use the service.
âWe have this possibility for anyone who wants to organize a public auction for a farm or a house, we can do it online. It’s great, you can buy a property in our location from anywhere in the world.
Eamonn Gaffney Auctioneers is open to business, providing valuation service as well as agricultural, commercial and residential sales and rentals.
âWe’re here to help the seller get as much as possible for his property,â Mr. Gaffney promised.
âIf anyone needs to sell a property, we go. “