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buying first home - advice needed!

  • 16-11-2018 5:47pm
    #1
    Mountain_M78
    Registered Users, Registered Users 2 Posts: 38 ✭


    we are mortgage approved. recently looked at a house and EA said that seller wanted separate contracts . house price is x and contents are y . EA asked me if i woul dconsider doing it this way? he asked why this way is preferred and he said something about a seller being in financial
    hardship or words to that effect.
    is this common?
    secondly- is it now more common to send an engineer in prior to agreeing a sale. EA /seller insists that it is done this way. booking deposit , it seems, not needed till after sale is agree? and why is EA also recommending engaging a solicitor prior to a sale being agreed?
    i'm confused.
    always thought that is you wanted to buy a house you agreed a sale and then paid a booking deposit? and the solicitor is then engaged.
    what is the normal procedure - if there is one at all..?

    it sound like a complicated sale and rather unusual. or is it?


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,686 ✭✭✭✭Atlantic Dawn
    M


    This is usually a dodgy way of the seller getting a lower sale price on paper to what they actually got, usually to tell their bank which they may owe the mortgage to they only got X but actually got Y.


  • #3
    Fol20
    Registered Users, Registered Users 2 Posts: 3,627 ✭✭✭Fol20


    Atlantic Dawn wrote: »
    This is usually a dodgy way of the seller getting a lower sale price on paper to what they actually got, usually to tell their bank which they may owe the mortgage to they only got X but actually got Y.

    Not really. It can also be a legal way of paying less in capital gains as the furniture does cost money as well and was more than likely a rental. If it’s contract. It’s all above board


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