Bidding Guide Owen Reilly Old

User Manual:

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Guideline to bidding with Owen Reilly

Register

Find the property you are interested in bidding on by visiting

www.owenreilly.ie

Click the ‘make an offer’ button and register your details. You will be

registering as a buyer in the ‘Who you are?’ section. If you’re registering

for the first time a verification email will be sent to your email address

which you must click.

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Submit documentation

To comply with money laundering legislation (AML) we require all bidders

to provide proof of ID, proof of address and proof of how you are funding

your offer. If you are buying with a mortgage you must provide proof of

mortgage approval which is normally an Approval in Principle (AIP) letter

from your bank. If funding your purchase with cash, you must provide proof

of cash funds which is normally a bank statement or a letter from your

bank.

We will send you an email notification as soon as your documentation has

been approved. If you are not successful in the bidding process, we will

delete your details from all our records as required under data protection

legislation. You will not be approved as a bidder until you have provided all

required documentation. Upload documents should be in PDF or JPEG

format.

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Making a bid

Should you wish to place a bid on a property you will need to enter the

amount into the field provided e.g. 360000. You will be asked to confirm

this amount before submitting and you will receive an email confirmation of

your bid. All bids submitted on a property will be available to view along

with a unique ID, the time submitted and status.

There are three status types that may show:

Under review: we are reviewing your bid

Approved: we have approved the bid and will advise other bidders

Accepted: you are the successful bidder. Based on the property value you

will need to provide a booking deposit an email notification will be sent to

you with the details. This offer is subject to contract, and contract denied.

If you are not the successful bidder, you will receive an email notification

advising you that we have accepted another bid. Once an offer is accepted

the property will be marked as Sale Agreed. A record of all bids can be

provided upon request. The bidding process is regulated by the PSR.

Message box

If you have any questions there is a message box available that will email

the negotiator on the property.

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Best and Final offers

Should a vendor instruct us to request interested parties to submit their

best and final offer. We will send you an email notification requesting your

best and final offer no later than the date outlined. If you sign-in to your

account with my.owenreilly.ie you can submit your best and final offer.

On client instructions, Owen Reilly may enter into negotiations with one

party or parties following receipt of offers.