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Saving/Applying for a mortgage 2015/16/17/18/19

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    #1292
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    audi12 wrote: »
    Are you for real what rubbish they fell the last couple of months outside Dublin and yes I will be buying to let when the time is right.

    They didn't fall they have increased every month, if you really are tracking prices you would know that. Plenty of other posters are also saying the same, you are the only one trying to deny it. I wish prices were falling but they aren't.


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    #1293
    Santy2015
    Registered Users Posts: 1,065 ✭✭✭Santy2015


    audi12 wrote: »
    Did they really they fell 0.2 per cent in March and 0.6 per cent in April that is unless you dont believe the Irish times and my home.ie. It is madness buying a house when they have fell the last two months.
    Would you please get off this thread? The people here are looking to buy their home and don't need people like you sledging. There's a property market thread for what you want to talk about.


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    #1294
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Santy2015 wrote: »
    Would you please get off this thread? The people here are looking to buy their home and don't need people like you sledging. There's a property market thread for what you want to talk about.

    If you have an issue with a post please use the report post function and leave the moderating to the mods. Thanks


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    #1295
    Tuesday_Girl
    Registered Users Posts: 388 ✭✭Tuesday_Girl


    c montgomery wrote: »
    In Cork there going for above asking in the majority of cases I've seen and IMO the asking price was overvalued in most cases.

    Same in Galway City, going for above asking in almost every single case.


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    #1296
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    It's depressing, I wish I was in a position to be looking this time last year rather than now.


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    #1297
    Hazydays123
    Closed Accounts Posts: 215 ✭✭Hazydays123


    Yeah we learned pretty quickly to not bother even looking at properties that had an asking price which was the same as our budget. You need at least 10k worth of bidding room.

    Just looked up 'my' property online today and it's now got the 'sale agreed' sign. Feels insane that we actually managed to do it! I really hope it works out, we'll definitely have to accept a lot of compromises with this place.


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    #1298
    GinaI
    Registered Users Posts: 103 ✭✭GinaI


    Hazydays123 wrote: »
    Yeah we learned pretty quickly to not bother even looking at properties that had an asking price which was the same as our budget. You need at least 10k worth of bidding room.

    Just looked up 'my' property online today and it's now got the 'sale agreed' sign. Feels insane that we actually managed to do it! I really hope it works out, we'll definitely have to accept a lot of compromises with this place.

    I've been Sale agreed for a couple of weeks, but "my" house is still advertised . Should I be concerned?


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    #1299
    Hazydays123
    Closed Accounts Posts: 215 ✭✭Hazydays123


    GinaI wrote: »
    I've been Sale agreed for a couple of weeks, but "my" house is still advertised . Should I be concerned?

    I'd ask them to put it as sale agreed on their website at the very least. I've read that if a bigger offer comes along, they can still legally (not ethically) accept it even if you've paid your booking deposit. Gazumping.

    I don't want to pay for a solicitor and a surveyor and then have the place taken off of me.


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    #1300
    Santy2015
    Registered Users Posts: 1,065 ✭✭✭Santy2015


    GinaI wrote: »
    I've been Sale agreed for a couple of weeks, but "my" house is still advertised . Should I be concerned?

    We've contracts signed on both sides my house still has a for sale sign outside it. It was a joint agent and one is very pissed off with me and won't remove it. I'll be using it as starter wood come the winter.


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    #1301
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    We have been told that the vendor on the house we are after putting an offer on is thinking about it as we are the highest one they have gotten. Any idea how long they might do this for? we gave in the offer on thur morning. We said we will give them till wed but would hope they would give us an answer before that.


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    #1302
    elainep13
    Registered Users Posts: 14 ✭elainep13


    mollybird wrote: »
    We have been told that the vendor on the house we are after putting an offer on is thinking about it as we are the highest one they have gotten. Any idea how long they might do this for? we gave in the offer on thur morning. We said we will give them till wed but would hope they would give us an answer before that.

    I've been waiting nearly three weeks seems quite a long time, didn't give a deadline...


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    #1303
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    elainep13 wrote: »
    I've been waiting nearly three weeks seems quite a long time, didn't give a deadline...

    bloody heck that is a long time. don't think i could cope to wait that long. the vendors are moving back to france and were renting for a while and now think they want to sell their house so hoping they won't take that long to decide.


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    #1304
    whiskeyman
    Registered Users Posts: 12,564 ✭✭✭✭whiskeyman


    elainep13 wrote: »
    I've been waiting nearly three weeks seems quite a long time, didn't give a deadline...

    Set a time frame to get an answer otherwise say you'll withdraw the offer.

    The longer they hang out, the more chance another offer could come in and take it from you.


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    #1305
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    whiskeyman wrote: »
    Set a time frame to get an answer otherwise say you'll withdraw the offer.

    The longer they hang out, the more chance another offer could come in and take it from you.

    ya i def agree with whiskeyman. we are giving our vendors only a week. give them a small nudge to put ye out of your misery and not let anyone else get the home ye want.


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    #1306
    Hazydays123
    Closed Accounts Posts: 215 ✭✭Hazydays123


    mollybird wrote: »
    We have been told that the vendor on the house we are after putting an offer on is thinking about it as we are the highest one they have gotten. Any idea how long they might do this for? we gave in the offer on thur morning. We said we will give them till wed but would hope they would give us an answer before that.

    Totally depends on their circumstances. If it's an ex-rental and currently vacated for selling then they will be in a panic to get rid of it as they are paying the mortgage with no rental income.

    Are they still living in the place and trying to buy elsewhere?


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    #1307
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    Hazydays i think they are currently renting it and living abroad.


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    #1308
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    Well there goes another house. Another bidder came on the scene this morning and out bid us in the end. i swear i seriously hate this crap. Don't know how anyone can become a gambler. It's no bloody fun. :(:(


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    #1309
    Naid23
    Registered Users Posts: 1,212 ✭✭✭Naid23


    mollybird wrote: »
    Well there goes another house. Another bidder came on the scene this morning and out bid us in the end. i swear i seriously hate this crap. Don't know how anyone can become a gambler. It's no bloody fun. :(:(

    You'll get there! My granny was always saying 'whats meant to be wont pass you by'. The right house will hopefully come up soon.


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    #1310
    Hazydays123
    Closed Accounts Posts: 215 ✭✭Hazydays123


    mollybird wrote: »
    Well there goes another house. Another bidder came on the scene this morning and out bid us in the end. i swear i seriously hate this crap. Don't know how anyone can become a gambler. It's no bloody fun. :(:(

    It's awfully frustrating but I kept trying to look at it as a learning experience. You're getting better at reading the market in the area and adjusting your expectations to what your budget allows.
    Also you've no idea that these people will actually go ahead with the sale. If not, the EA will be back on to you.


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    #1311
    FizzleSticks
    Closed Accounts Posts: 2,172 ✭✭✭FizzleSticks


    This post has been deleted.


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    #1312
    FizzleSticks
    Closed Accounts Posts: 2,172 ✭✭✭FizzleSticks


    This post has been deleted.


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    #1313
    mollybird
    Registered Users Posts: 1,053 ✭✭✭mollybird


    Does anyone know what is the best way to get an idea what prices houses are in the estates when your looking at houses that is one thing that i think would help to gage how much we are offering if it is too much or too little??


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    #1314
    angeldelight
    Registered Users Posts: 5,175 ✭✭✭angeldelight


    mollybird wrote: »
    Does anyone know what is the best way to get an idea what prices houses are in the estates when your looking at houses that is one thing that i think would help to gage how much we are offering if it is too much or too little??

    Have you looked at the property price register online? It's a few months behind but gives a good indication


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    #1315
    GinaI
    Registered Users Posts: 103 ✭✭GinaI


    My evaluation report was not accepted by the bank as a name of the management company of the estate I am looking to buy a house in was missing.. so was the annual fee. The evaluation was done by the company approved by the bank. I was asked by the evaluation company to find out this information....how do I supposed to know? I paid for service and I am asked to do the job now? Well, as this caused another delay I would do it myself, but where would get that information from?


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    #1316
    c montgomery
    Registered Users Posts: 2,122 ✭✭✭c montgomery


    GinaI wrote: »
    My evaluation report was not accepted by the bank as a name of the management company of the estate I am looking to buy a house in was missing.. so was the annual fee. The evaluation was done by the company approved by the bank. I was asked by the evaluation company to find out this information....how do I supposed to know? I paid for service and I am asked to do the job now? Well, as this caused another delay I would do it myself, but where would get that information from?

    Vendors solicitor should be able to give this to you.


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    #1317
    GinaI
    Registered Users Posts: 103 ✭✭GinaI


    c montgomery wrote: »
    Vendors solicitor should be able to give this to you.

    Do you think I can contact him directly on this?


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    #1318
    valovalo
    Registered Users Posts: 13 ✭valovalo


    Hi
    So broker has come back and said that we need ten per cent and approx 5k on top of this for them to even start applying for us??
    We are looking at houses in Tuam galway for approx 110-120k and have the ten per cent but not the 5k and it will take ages again to save that and property's will be gone or prices higher
    Is solicitors and fees really that high and do they banks now want this criteria of 10 per cent plus 5k on top
    We will have this nearly saved by time we actually have a house in mind ?, we are but rushing but just these houses won't be around for long and we already paying 1000 in rent already and landlord will be rising rent on March
    What do you all think
    Ps any advice of good solicitors that might not cost around 3000k


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    #1319
    SB_Part2
    Closed Accounts Posts: 1,951 ✭✭✭SB_Part2


    valovalo wrote: »
    Hi
    So broke has come back and said that we need ten per cent and approx 5k on top of this for them to even start applying for us??
    We are looking at houses in Tuam galway for approx 110-120k and have the ten per cent but not the 5k and it will take ages again to save that and property's will be gone or prices higher
    Is solicitors and fees really that high and do they banks now want this criteria of 10 per cent

    Yes solicitors fees are usually 2500 + property tax and the bank need to see funds available to pay for them.

    How were you planning on paying for them?


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    #1320
    valovalo
    Registered Users Posts: 13 ✭valovalo


    SB_Part2 wrote: »
    Yes solicitors fees are usually 2500 + property tax and the bank need to see funds available to pay for them.

    How were you planning on paying for them?

    Hi
    Pay for them with continued savings , we don't just stop saving just because we have approval , plus these are paid at the end or are they paid upfront ?,
    Plus deposit back from rented house is near 1500,


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    #1321
    Geuze
    Registered Users Posts: 13,184 ✭✭✭✭Geuze


    FizzleSticks wrote: »
    This post has been deleted.


    Key point is to establish a record of regular saving.


This discussion has been closed.
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