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Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

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    #3962
    goingagain
    Registered Users Posts: 53 ✭✭goingagain


    Moving! wrote: »
    Months on, still looking for a house and seeing very little of the type of house we're looking for in the area we're hoping for. This one came up recently - there's a settled halting site in Kimmage Manor Way about four doors down from it:
    https://www.myhome.ie/residential/brochure/4-the-recorders-whitehall-road-terenure-dublin-12-d12-pt89/4466920

    Came across this old post which has me thinking twice about even making a viewing inquiry for it:
    https://www.boards.ie/vbulletin/showthread.php?p=85127534

    Checked with the Gardai in Terenure and although the Garda I spoke to didn't tell me much, he didn't say anything negative about it.

    The more that supply drops, I feel the more likely it is that we could end up making a poor decision on our next house. What seemed like a realistic goal to us 6 months ago is now a pipedream! Any thoughts or do any of you know the area well?

    That site is very settled and you wouldn’t know it was there.

    But I think that house looks overpriced.

    For me I would rather Wainsfort Manor or Kimmage Manor

    https://www.myhome.ie/residential/brochure/106-wainsfort-road-dublin-6w-dublin/4446490

    https://www.myhome.ie/residential/brochure/25-wainsfort-manor-crescent-terenure-dublin-6w/4460292


    I’d even rather one of the bungalows in Wainsfort with a big garden that you can extend.


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    #3963
    goingagain
    Registered Users Posts: 53 ✭✭goingagain


    Sale agreed since end of July on my house and sale agreed on a house to buy since start of Aug. It’s all moving slowly.

    Just one outstanding item with solicitors and hoping to sign soon. Closing date the 8th January .


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    #3964
    goingagain
    Registered Users Posts: 53 ✭✭goingagain


    shesty wrote: »
    I don't think we would be homeless, but I would be concerned that we would end up putting our house up and taking it off the market a few times, or go sale agreed and then end up under pressure to settle for a house for ourselves that we aren't all that happy with. We also don't want to be messing a potential buyer and estate agent around by stringing out the date to hand over our house. The main reason basically is that the supply that we are looking at is quite slow to show up on the market - we are trading up in our area - so it isn't as though there is something new to look at every week. We have looked at a number of houses in the last 8 months or so, but they haven't worked out for various reasons.Houses of the type that we might trade up to, are only popping up around here at a rate of maybe 1-2 per month, so there isn't that steady supply - I would have no confidence of finding something for ourselves within a couple of months at the rate things have gone so far this year.


    I think this side of Christmas anyway, we will leave things as they are, and make a decision in the New Year.

    We were in exact same position. Decided to trade up in our area last January. Estate agent said we had to be on market before we could consider making an offer etc

    We put ours up just before lock down and took it down for a while.

    This year there has only been 2 house we were interested in on the market. First we lost out on as our house wasn’t sale agreed, 2nd one we’re sale agreed on

    My advice would be to get your house declutter, painted etc and get the estate agent to take the pictures and have it ready so you can have it on the market ASAP and ready to show.


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    #3965
    Corruptedmorals
    Registered Users Posts: 4,194 ✭✭✭Corruptedmorals


    GrumPy wrote: »
    Solicitor sent another chaser to vendors side again today. Several pre-contratual questions remain outstanding, but the main sticking point seems to be the land registry.
    EA suggested consideration of a caretakers agreement, as the property is vacant. However, solicitor advised against it - legal minefield.

    So we march forward, essentially having made no progress since Oct... Feel like marching into the vendor solicitors office and rattling a few cages at this stage.


    I'm glad your solicitor is proactive. It is painful when the vendor's solicitor is slow to respond/update when they are the only one who can deal with the land registry! I hope you hear back soon. It is certainly harder when you know it is is not a typical step like awaiting contract/full loan and therefore hard to know how long it will be.

    I would definitely advise against caretaker's agreement. We were offered that too. A nightmare for insurance purposes.

    Our timeline with land registry (pre-Covid) was instrument requested in mid-October, received end of November...maps compared to folio and confirmed neither could close the sale in mid-December. Applications to fix folios and adverse possession can take more than a year in normal times. Absolutely crazy that a government body can be that inefficient.


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    #3966
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Reins wrote: »
    Or something else.

    Okay - What's the something else?

    Middle of the road offer. No offer. Offer with a deadline. Come back to me if the other bidders fall through. etc. etc. etc. etc.

    It's all complete guesswork what bidding strategy will work in your scenario with your specific set of other parties.

    Even if you knew the position of the other bidders and the vendor, you'd still be guessing.


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    #3967
    cubatahavana
    Registered Users Posts: 990 ✭✭✭cubatahavana


    Snagging today. Just got a text from snagger. Can’t do it due to having to be covid tested. He could’ve told us yesterday, not today at 8am. Now a full day wasted and who knows when we will snag


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    #3968
    DubLad69
    Registered Users Posts: 479 ✭✭DubLad69


    cubatahavana wrote: »
    Snagging today. Just got a text from snagger. Can’t do it due to having to be covid tested. He could’ve told us yesterday, not today at 8am. Now a full day wasted and who knows when we will snag

    If you have an eye for details and would be comfortable enough then you could do your own snag list. Or ring around every number you can find online to see if anyone can do it. Or if your housing development has a residents Facebook page to see if anyone else is snagging today and you could ask their snagger to do yours too.


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    #3969
    Pink11
    Registered Users Posts: 723 ✭✭✭Pink11


    Silly question but went sale agreed recently and have to call to house for a second viewing to check something out. Seller/EA has agreed. Does the EA have to be here while we visit? The reason I ask is that she hasn't mentioned she'll be coming and it'll be odd if it's the seller? Should I double check this or is it a given the EA will faciliate this? Just thinking of security, insurance etc? Contracts are not signed yet.



    FYI to anyone with PTSB, unlike other banks they hadn't been hit with the same impacts other banks have had due to Covid. But in the last month or so they are running approx nearly 2 weeks behind now apparently.


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    #3970
    Pink11
    Registered Users Posts: 723 ✭✭✭Pink11


    wassie wrote: »
    Neither - I'd offer 5K above current offer so you can flesh out the bidders. Then the other bidders are forced to show their hand. The agent will keep you in the loop. If they start a bidding way, then sit back and wait a while.

    After engaging in several bidding wars this year and experiencing all different tactics, I honestly don't think there are any magic tricks or games worthwhile playing.

    Decide if you want the house, bid, be open, be honest, be transparent. Keep your head and don't overbid beyond your means.

    The drugs games don't work. Unless you're buying in a low demand area...


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    #3971
    Pink11
    Registered Users Posts: 723 ✭✭✭Pink11


    Anyone know anything about this house? https://www.daft.ie/dublin/houses-for-sale/drumcondra/257-richmond-road-drumcondra-drumcondra-dublin-2393374/

    It's been up on daft 3/4 times in the last 12 months, marked as sale agreed and comes back listed again around the same price. Pure nosiness on my part but wondered if anyone viewed it or looked into it?


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    #3972
    lcarrol3
    Registered Users Posts: 82 ✭✭lcarrol3


    Pink11 wrote: »
    Anyone know anything about this house? https://www.daft.ie/dublin/houses-for-sale/drumcondra/257-richmond-road-drumcondra-drumcondra-dublin-2393374/

    It's been up on daft 3/4 times in the last 12 months, marked as sale agreed and comes back listed again around the same price. Pure nosiness on my part but wondered if anyone viewed it or looked into it?

    We looked into this house. It's actually only half the house that's for sale and the other half is for sale as a separate unit (entrance around the corner). That's what turned us off anyway!


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    #3973
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    Pink11 wrote: »
    Silly question but went sale agreed recently and have to call to house for a second viewing to check something out. Seller/EA has agreed. Does the EA have to be here while we visit? The reason I ask is that she hasn't mentioned she'll be coming and it'll be odd if it's the seller? Should I double check this or is it a given the EA will faciliate this? Just thinking of security, insurance etc? Contracts are not signed yet. .

    Wouldn't be any reason that the EA would have to be there. When I sold my last house, the sellers came a few times when I was there, to check different things.


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    #3974
    Pink11
    Registered Users Posts: 723 ✭✭✭Pink11


    lcarrol3 wrote: »
    We looked into this house. It's actually only half the house that's for sale and the other half is for sale as a separate unit (entrance around the corner). That's what turned us off anyway!
    Wow. that photo is so misleading. There has to be something wrong with the house, looks decent inside but going sale agreed and then back out weeks later 3/4 times is suspicious!

    Had a look on street view, I see what you mean now. Hadn't spotted that before.
    Wouldn't be any reason that the EA would have to be there. When I sold my last house, the sellers came a few times when I was there, to check different things.
    Thanks, will sit back so.


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    #3975
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    Pink11 wrote:
    FYI to anyone with PTSB, unlike other banks they hadn't been hit with the same impacts other banks have had due to Covid. But in the last month or so they are running approx nearly 2 weeks behind now apparently.


    How do you mean they haven't been hit with the same impacts? Genuinely curious, not being smart in case it comes across that way.

    Just FYI, our buyer was with PTSB, due to close on Oct 2nd and we vacated the house by the 1st, the sale didn't close until Oct 13th purely because of delays with his bank. It was extremely frustrating considering I had given birth two weeks previously and we are paying for storage for all of our things, so we really could have done with those extra two weeks in the house. Perhaps your solicitor should give them plenty of notice of the closing date so the same doesn't happen to you.


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    #3976
    CianRyan
    Registered Users Posts: 14,721 ✭✭✭✭CianRyan


    5 weeks from sale agreed and all but the joint bank account are in order.
    We have the hard copy of the loan offer, life insurance, etc ready and the vendor is very keen for us to sign ASAP.

    It's been mega stressful and an absolute sprint but it looks like we go from sale agreed to getting the keys in about 7 weeks. The vendor initially pushed for 4-6 which everyone thought was crazy but really the only thing that has been holding us up is KBC as they are currently running at a snails pace.
    There was a solid 2/3 weeks were nothing was happening as we waited for the loan offer to come through but honestly I can't argue with their fixed term interest rates.

    Fingers are firmly crossed to move in early december, we being first time buyers we were very excited to book our slot at Killakee christmas tree farm for our first ever tree. :pac:


    Honestly the only thing that's kept me going through this process from saving, applying for AIP and up to now has been reading everyone else's rants and rejoices.
    A struggle we all bare together.


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    #3977
    GrumPy
    Registered Users Posts: 6,557 ✭✭✭GrumPy


    CianRyan wrote: »
    It's been mega stressful and an absolute sprint but it looks like we go from sale agreed to getting the keys in about 7 weeks.

    Wow, some turn around. In the same time window, nothing happened on our purchase! 😅
    Congrats! Would be fabulous for everyone in the process to get things over the line this side of Christmas.


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    #3978
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Does anyone know can contracts be issued if a house is currently in probate and grant has not been issued yet? Thanks in advance.


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    #3979
    CianRyan
    Registered Users Posts: 14,721 ✭✭✭✭CianRyan


    GrumPy wrote: »
    Wow, some turn around. In the same time window, nothing happened on our purchase! ��
    Congrats! Would be fabulous for everyone in the process to get things over the line this side of Christmas.

    It's a rare one alright, it's a vacant house that was previously sale agreed, this meant everything was already in place on their side so all that was left to do was go through the motions with the bank.
    Thanks!

    Absolutely, I have a couple of friends at similar stages to myself but who have been held up months, I'd love to see everyone get something worthwhile out if this year.


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    #3980
    Pink11
    Registered Users Posts: 723 ✭✭✭Pink11


    Cash_Q wrote: »
    How do you mean they haven't been hit with the same impacts? Genuinely curious, not being smart in case it comes across that way.

    Just FYI, our buyer was with PTSB, due to close on Oct 2nd and we vacated the house by the 1st, the sale didn't close until Oct 13th purely because of delays with his bank. It was extremely frustrating considering I had given birth two weeks previously and we are paying for storage for all of our things, so we really could have done with those extra two weeks in the house. Perhaps your solicitor should give them plenty of notice of the closing date so the same doesn't happen to you.

    Understanding from my broker was that since March, there has been a natural slow down on admin/lead time by the banks due to working from home etc.

    KBC apparently were the worst hit with PTSB not being too bad up until recently. We just so happened to go with PTSB because it was a better offer for our circumstances. Now we're hearing we're about 2 weeks behind, similar to your timeline - apparently up until August/September, PTSB lead times weren't affected as much as the others. Just going on what our broker tells us.


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    #3981
    dev_ire
    Registered Users Posts: 157 ✭✭dev_ire


    CianRyan wrote: »
    5 weeks from sale agreed and all but the joint bank account are in order.
    We have the hard copy of the loan offer, life insurance, etc ready and the vendor is very keen for us to sign ASAP.

    It's been mega stressful and an absolute sprint but it looks like we go from sale agreed to getting the keys in about 7 weeks. The vendor initially pushed for 4-6 which everyone thought was crazy but really the only thing that has been holding us up is KBC as they are currently running at a snails pace.
    There was a solid 2/3 weeks were nothing was happening as we waited for the loan offer to come through but honestly I can't argue with their fixed term interest rates.

    Fingers are firmly crossed to move in early december, we being first time buyers we were very excited to book our slot at Killakee christmas tree farm for our first ever tree. :pac:


    Honestly the only thing that's kept me going through this process from saving, applying for AIP and up to now has been reading everyone else's rants and rejoices.
    A struggle we all bare together.

    I would advise ringing your solicitor to confirm everything is in order, ie planning permission for extensions checked and deed is in oder etc just to pre-empt any last minute "oh" moments.


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    #3982
    busylady
    Registered Users Posts: 82 ✭✭busylady


    Ridgerun wrote: »
    Does anyone know can contracts be issued if a house is currently in probate and grant has not been issued yet? Thanks in advance.

    Yes contracts can be issued , and there will be a condition that the closing date will be after the issue of the Grant of Probate. Contracts can be signed, closing documents prepared and everything in place for closing shortly after the grant has issued.


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    #3983
    Pete123456
    Registered Users Posts: 963 ✭✭✭Pete123456


    Pink11 wrote: »
    Understanding from my broker was that since March, there has been a natural slow down on admin/lead time by the banks due to working from home etc.

    KBC apparently were the worst hit with PTSB not being too bad up until recently. We just so happened to go with PTSB because it was a better offer for our circumstances. Now we're hearing we're about 2 weeks behind, similar to your timeline - apparently up until August/September, PTSB lead times weren't affected as much as the others. Just going on what our broker tells us.

    That’s interesting because I called each of the banks and KBC were the only one that would take a routine call/request after 6pm :rolleyes: but yeah I understand , especially with people WFH, they can’t even get answers without having to send and receive IMs etc


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    #3984
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    Ridgerun wrote:
    Does anyone know can contracts be issued if a house is currently in probate and grant has not been issued yet? Thanks in advance.


    Yes we are in this exact position and contracts are signed by both sides, so "the property is secure" as our solicitor put it.

    Wish we had never gone down this road, 10 weeks later and no progress and nothing we can do about it. We were told probate was granted before we bid on the house and it only came to light that this was untrue when contracts arrived with our solicitor, by which point our own house was sale agreed and I was having a Csection the day after this emerged. So, we proceeded with the purchase as we feared it would take too long and be too big of a risk to go hunting again. We closed on the sale of our own house and we are stuck here in my parents house and really wish I could turn back time and buy any other house. I know it will be worth it in the end but it is extremely stressful and difficult.


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    #3985
    jimmycrackcorm
    Registered Users Posts: 14,331 ✭✭✭✭jimmycrackcorm


    Cash_Q wrote: »
    Yes we are in this exact position and contracts are signed by both sides, so "the property is secure" as our solicitor put it.

    Wish we had never gone down this road, 10 weeks later and no progress and nothing we can do about it. We were told probate was granted before we bid on the house and it only came to light that this was untrue when contracts arrived with our solicitor, by which point our own house was sale agreed and I was having a Csection the day after this emerged. So, we proceeded with the purchase as we feared it would take too long and be too big of a risk to go hunting again. We closed on the sale of our own house and we are stuck here in my parents house and really wish I could turn back time and buy any other house. I know it will be worth it in the end but it is extremely stressful and difficult.

    In the grand scale of things, it's a blip. 20 years in the new house and you won't remember.


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    #3986
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    jimmycrackcorm wrote:
    In the grand scale of things, it's a blip. 20 years in the new house and you won't remember.


    I know you're right, but with a newborn and a toddler in limited space, lockdown and anxiety about Covid in general, and zero power to do anything about any if this, it's all really beginning to take its toll :(


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    #3987
    brisan
    Registered Users Posts: 2,242 ✭✭✭brisan


    lcarrol3 wrote: »
    We looked into this house. It's actually only half the house that's for sale and the other half is for sale as a separate unit (entrance around the corner). That's what turned us off anyway!

    If it went sale agreed a few times and then the buyers pulled out it means
    A ) Surveyor found structural issues
    B ) Banks refused to give a mortgage because of split house or some other legal issues came up


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    #3988
    optogirl
    Registered Users Posts: 2,975 ✭✭✭optogirl


    Can anyone shed light on this - currently bidding on a house that was listed at 275. Current top offer is 300k and today house has been relisted at asking price of 300k. Any idea why this would happen? I just haven't seen this with any other houses we've been in bidding wars on.


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    #3989
    dev_ire
    Registered Users Posts: 157 ✭✭dev_ire


    optogirl wrote: »
    Can anyone shed light on this - currently bidding on a house that was listed at 275. Current top offer is 300k and today house has been relisted at asking price of 300k. Any idea why this would happen? I just haven't seen this with any other houses we've been in bidding wars on.

    This is common, they use a lower asking price to gather interest. It is very annoying to buyers but it seems to work so very common. They are essentially re-baslining it at 300 now and start from there now instead of having people ringing offering below or at old asking.


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    #3990
    brisan
    Registered Users Posts: 2,242 ✭✭✭brisan


    optogirl wrote: »
    Can anyone shed light on this - currently bidding on a house that was listed at 275. Current top offer is 300k and today house has been relisted at asking price of 300k. Any idea why this would happen? I just haven't seen this with any other houses we've been in bidding wars on.

    They know it will get 300 k so now they want to see how much more they can get
    Some people will put a minimum price on their Daft /MyHome search filter
    People who would not look at houses below 300k now have this on their radar


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    #3991
    narodvale
    Registered Users Posts: 56 ✭✭narodvale


    CianRyan wrote: »
    5 weeks from sale agreed and all but the joint bank account are in order.
    We have the hard copy of the loan offer, life insurance, etc ready and the vendor is very keen for us to sign ASAP.

    It's been mega stressful and an absolute sprint but it looks like we go from sale agreed to getting the keys in about 7 weeks. The vendor initially pushed for 4-6 which everyone thought was crazy but really the only thing that has been holding us up is KBC as they are currently running at a snails pace.
    There was a solid 2/3 weeks were nothing was happening as we waited for the loan offer to come through but honestly I can't argue with their fixed term interest rates.

    Fingers are firmly crossed to move in early december, we being first time buyers we were very excited to book our slot at Killakee christmas tree farm for our first ever tree. :pac:


    Honestly the only thing that's kept me going through this process from saving, applying for AIP and up to now has been reading everyone else's rants and rejoices.
    A struggle we all bare together.

    Delighted for you! Fingers crossed the tree is picked and you’re all in in time for Christmas.

    We are at sale agreed, survey done, holding deposit paid, contracts with solicitors, just waiting on KBC now. All documentation has been with them 3weeks and not a peep of AIP yet.

    7 weeks sounds stressful, but a dream at this stage!


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