Author Topic: Sale of property in Strabane  (Read 331 times)

Offline apthorpea

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Sale of property in Strabane
« on: Friday 23 September 22 23:24 BST (UK) »
Regarding the sale of a farm at Carrickbrack near Raphoe in 1865.  Was it common practise to purchase the farm after the official bidding was over.  Sounds like the modern day version of Gazumping.  Do you think there are any other records regarding Carrickbrack..

Regards

Angela
Stewart, Reilly, Montgomery, Cheshire, Lyttle, Rankin, Apthorpe, Hart, Anderson,  Gourley

Offline shanreagh

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Re: SALE OF PROPERTY IN STRABANE
« Reply #1 on: Saturday 24 September 22 01:31 BST (UK) »
Not sure what gazumping is but in most auctions there is a provision that the owner of the property being sold does not have to accept any or all of any bids made.  There is also a proviso for any property to be withdrawn or passed in at auction.  It is quite usual in those cases for land to be finally sold or leased to a person who had not made the highest bid. 

My uncles' property was recently sold by auction with a reserve and several bidders came close to the reserve.  After calling for last bids the two top bidders and the auctioneer and a rep from the families withdrew.  One bidder pulled out, the other indicated a better bid.  Back they went when the bidding reopened with the better bid and further bids were asked for, no bids, the best bid got it even though it was below the initial reserve. 

In early time here in NZ attention was paid to making sure that areas were not sold so that ownership was pepper-potted across the land for sale......sometimes pepper potting meant that one occupier might be able to control the farming practices of others by leasing strategic areas that impeded practical, as opposed to legal, access. Also making sure that ownership was not gridlocked so the ownership was not passing to someone who would block access to lands behind.  Also if the land was going to be leased then the lessor would want to make sure that the proposed lessee was of good character finance-wise. 

The lessor/owner may have preferred to accept a range of slightly lower bids if they had knowledge of the financial probity of the bidders.

In this case it looks as though W Lowry exercised a right to bid up to a maximum to put himself in control of who the land ultimately went to.  He may not have been satisfied with the probity of J Lowry.  Having bought the land back at auction he was free, as owner, to deal with the under-bidder Devenny. 

Just looked up gazumping
make a higher offer for a house than (someone whose offer has already been accepted by the seller) and thus succeed in acquiring the property.

The bids had not been accepted, Wm Lowry outbid the highest bidder.  He owned the property.  The owner of the property W Lowry made the highest GBP1100 bid to bring the property back into his ownership.  Then being the owner of the property he then negotiated with the under-bidder.  J Lowry was not the underbidder. 

Offline shanreagh

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Re: SALE OF PROPERTY IN STRABANE
« Reply #2 on: Saturday 24 September 22 01:52 BST (UK) »
You may be able to track the property through Griffiths Valuation.  You can also look at the updates since Griffiths the revision  books to see the history of the property.

https://www.irish-genealogy-toolkit.com/revision-books.html
https://www.irelandxo.com/ireland-xo/news/griffiths-valuation-and-cancelled-books

Griffiths
https://www.askaboutireland.ie/griffith-valuation/

Here is a link to the townland of Carrickbrack
https://www.townlands.ie/donegal/raphoe-south/convoy/convoy/carrickbrack/

Offline apthorpea

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Re: Sale of property in Strabane
« Reply #3 on: Saturday 24 September 22 22:09 BST (UK) »
Thank you very much that was very useful.

Angela
Stewart, Reilly, Montgomery, Cheshire, Lyttle, Rankin, Apthorpe, Hart, Anderson,  Gourley


Offline Kiltaglassan

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Re: Sale of property in Strabane
« Reply #4 on: Sunday 25 September 22 07:18 BST (UK) »

Quote
Here is a link to the townland of Carrickbrack
https://www.townlands.ie/donegal/raphoe-south/convoy/convoy/carrickbrack/

Just to note that there are two Carrickbrack townlands, which lie adjacent to eachother. One in Convoy civil parish (as above), and the other in Raphoe civil parish.

https://www.townlands.ie/donegal/raphoe-north/raphoe/convoy/carrickbrack/
https://www.openstreetmap.org/relation/5554428#map=13/54.8608/-7.6322


Researching: Cuthbertson – Co. Derry, Scotland & Australia; Hunter – Co. Derry; Jackson – Co. Derry, Scotland & Canada; Scott – Co. Derry; Neilly – Co. Antrim & USA; McCurdy – Co. Antrim; Nixon – Co. Cavan, Co. Donegal, Canada & USA; Ryan & Noble – Co. Sligo