Buying a house with Pyrite issue fixed: green cert issued

suave.4u

Hi lads,

In the market for a property. It listing says that property comes with the Benefit of a "Green Certificate" and exempt from LPT for the next 6 years.

Can we be sure that the pyrite issue is fixed? Is it safe to buy such a property.

Love the way the agents mask something and present it as a good thing!

suave.4u

no one?

listermint

Pyrite came in numerous forms tbh some of it highly able to remedy. I know some estates had floors pulled up throughout and reinstalled with foundations checked.

Best bet is to check property price register for recent sales and maybe reach out to the new owners of their experience with the repairs.

RichardAnd

Personally, I wouldn't touch it.

suave.4u

thx guys, we did not proceed. many in the estate seem to be selling

billyhead

https://www.boards.ie/discussion/comment/121426190#Comment_121426190

Why. Once it's remediated it shouldn't be an issue.

RichardAnd

https://www.boards.ie/discussion/comment/121428540#Comment_121428540

Because it is a potential issue that could come back. Maybe it would all be fine, but I would take the risk myself. That's just me.

igoree

Doesn't the Green Cert mean that the property is pyrite free?

SharkMX

Wouldnt bother me. If its fixed its fixed. At least you know it was found and fixed rather than not knowing if its there. 2 houses near my Dads built 19 years ago Pyrite just showed up last year. Both are empty now for repairs.

spaceHopper

If you had the choice of two cars, one crashed and repaired and one not crashed, which would you buy.

I wouldn't touch, its to big a purchase to have a ? over

SupaCat95

https://www.boards.ie/discussion/comment/122160079#Comment_122160079

Remember those "Homebonded" houses? The material were garunteed and the workmanship? When the Pyrite question came up, Homebond were nowhere to be seen. Now we all know there were loads of houses built in the Celtic Tiger and dodgy crafts men were used, Dodgy materials, Apprentices were forced through college.

Premiums were paid on houses and when Homebond were called up they wringed their hands of it. I think this Green certificate isnt worth the paper it is written on. In the words of Podge and Rodge "I wouldnt touch it with yours". If anything goes wrong with it, the Seller, Estate agent and cert provider will be long gone.

listermint

https://www.boards.ie/discussion/comment/122165305#Comment_122165305

Fairly silly method of looking at things.

Depends on damage type and location.

Then depends on repair and by whom and assessment.

Finally value.

So I guess you'd miss out on value and disregard certified fixed and assessed items.

Dante

For something as important and expensive as a house, why would you take that risk? I wouldn't go near it personally.

Allinall

https://www.boards.ie/discussion/comment/122168260#Comment_122168260

You're taking a risk with every house you potentially buy.

If you know there has been an issue, and are satisfied it has been resolved, then that lessens the overall risk.

Oscar_Madison

https://www.boards.ie/discussion/comment/122168260#Comment_122168260

absolutely - Pyrite can appear quickly after a build or as someone else mentioned can take 20 years or so to show its signs- all depends on how much bad material was used and where it was used.

There appears to be an industry of forced certification for buyers that costs them a lot to employ professionals like surveyors and engineers mandated to sign off on buildings before mortgage drawdown but without the accountability when issues then arise later - I know there’s a housing shortage and in counties like Donegal a massive issue with many houses - but I still wouldn’t take the risk

spaceHopper

https://www.boards.ie/discussion/comment/122166258#Comment_122166258

We got an extension, the roof has 25 year guarantee, the roofer is gone, if there is problem I've to pay to get it fixed. Same with these houses. The pyrite cert is worthless, if there is a problem, how do you get it fixed, who pays? If you buy the house, you are taking on a huge risk so that has to be reflected in the price and you'll have the same problem if you want to sell it.

You'd also need to check if you can get home insurance.

listermint

https://www.boards.ie/discussion/comment/122168434#Comment_122168434

So what your saying basically is don't buy

any house at all.

For clarity the premise of your argument is there are no guarantees in life.

Which is a fine standpoint but that's what your saying trust no one. Houses are all **** certifications are meaningless. Surely his applies to anything in any home across the land.

listermint

https://www.boards.ie/discussion/comment/122168260#Comment_122168260

Because some people need homes and have a budget.

If you had a house that had a pyrite involved subfloor which was dug out and replaced then you'd know the origin and remedy. As with anything information is important.

spaceHopper

https://www.boards.ie/discussion/comment/122168637#Comment_122168637

Nope I'm not saying that but I wouldn't pay anywhere near full market value for a repaired pyrite house .Did home bond or the government pay for the pyrite redress scheme? The certificate in only worth something if it's backed up with a guarantee that they will pay out for repairs if a problem is found

SupaCat95

I dont know where the pyrite was used but I know Donegal, Ashbourne and Balbriggan were hit fairly bad. Everyone got big fast easy money in the Celtic Tiger and no one did the checks and balances. It happened in construction, banking, everywhere. There is no Homebond, no government help or anything like that.

Tails142

Op has said they have moved on.

I wouldn't touch it with a barge pole unless it was an amazing house at 30% below market rate or something.

listermint

https://www.boards.ie/discussion/comment/122170322#Comment_122170322

Interesting, I never mentioned full market price. Why bother replying with that?