Before making a bid, make sure you have your finances in order. If you're getting a mortgage, ensure you have approval before bidding. When making your loan application you will need documents to prove you will be able to make the repayments on your mortgage. Once you have all your paperwork in order you can make a proper application for a Loan Approval Certificate. This may include payslips, company accounts and copies of your most recent bank statements. Your bank official will advise you on this. To facilitate the activation of your bidding account, you will need to provide this information, along with a refundable deposit, to the selling agent.

When you buy a property online, the bidding process is completely transparent. You can see exactly what the other parties have bid, get access to contracts at the very start and clarify any issues you may have before the offer is accepted.

All winning bids on technua are binding. If you are getting a mortgage and you are interested in a property on technua, the selling agent may require a copy of your loan approval before you are authorised to bid. This certificate (also known as approval in principal) means you know exactly how much you can borrow before you go looking for your new home. It also means that you can put a Binding Bid on the house you want. There is no "subject to finance" bidding on technua so to avoid serious legal repercussions, do not bid beyond the limits of the finance available to you.

Buying a home can cost more than just the price of the property. All those extras can build up very quickly, so remember to leave money over after the purchase to pay for these inevitable expenses. Including, solicitors, engineers, mortgage application fees.

You will need a solicitor to carry out all conveyancing for your new house purchase. You can use a family solicitor or a solicitor that is recommended to you. We will have contracts and title documents available for inspection when a property is listed for sale. Ensure your solicitor examines these so any issues can be addressed before the bidding closes. All queries must be dealt with BEFORE you bid.

You pay a refundable deposit to Coonan Live in the beginning. This allows you to bid and gains you access to the legal information. If your bid is successful this goes towards the purchase price. Once the bidding closes and your offer is accepted, you will have 24 hours to lodge the balance of 10% of the purchase price (normally a minimum €5,000) to the selling agents client accounts If the deposit is not paid, the property may be relisted for sale. If your bid is not successful, your initial deposit will be refunded to you. Deposits are secured by Coonan Live professional indemnity insurance & PSRA fund.

If your bid is successful, your purchase is subject to the Conditions of Sale which you will have confirmed to have inspected and to be fully aware of. These terms and conditions state that you authorise the Auctioneer or any person authorised by the Auctioneer, to sign the Contract for Sale on your behalf. There is then a period for closing documents to be signed & balance of funds to be paid to the vendors solicitors.

If you wish to place a bid, the first thing you need to do is register with us. Just fill out the online form. We will then contact you with the activated account. This process may take 24-48 hours so we strongly recommend you register well in advance of the auction deadline. Once you're registered, you can simply log into your account & place a bid.

You can find out if you've been outbid in a number of ways:
1. The latest bids are displayed on the bid history of the property.
2. Your personal dashboard will show your bid status.
3. We email you if you're outbid. This way, even if you're not logged in, you know your bid status.

For the sake of confidentiality we strongly recommend you do NOT use your given name as your username. This user name may be displayed to parties looking at the property & if you wish to retain a level of anonymity, we recommend you use a screen name. Your real name will still be recorded securely on your account so there will be no confusion.

The auction ends when no bids are recorded within the last 120 seconds of the auction cycle. If someone bids within the last 120 seconds (2 minutes), 120 seconds (2 minutes) are added on to allow for underbidders. This pattern will continue until bidding ceases.

When you win, you will receive a confirmation email with confirmation of hammer price and the Coonan Live Clients Account details to lodge to. The details will also be displayed on your dashboard.

Your solicitor plays an essential part of the buying process. We unreservedly recommend you contact them as soon as you identify a property. Once they are registered with us, they will be able to download legal packs, the same as you can. They will also be able to raise queries with the vendors solicitors via our site and also see what queries other solicitors have raised. This will assist them in best advising you on how to proceed.