Article: https://olivertighe.co.uk/irish-property-laws-you-should-know-about-before-purchasing-a-property/

Most properties are bought and sold privately through real estate agents. However, it is also possible to buy properties at a public auction. Before buying a public auction property, you should instruct your solicitor to make the necessary precautionary enquiries. Before the auction, you should have the property surveyed and the title investigated. You should also be prepared financially, as once the auctioneer declares the property sold and your bid has been successful, you are committed to buying the property. Irish property law dictates that you are liable to pay a deposit immediately and the remaining balance a month later.