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

Currently selling our house and the buyers had their surveyor around this week.

Pretty sure the surveyor is going to raise a slight encroachment issue with the neighbor's extension where they've effectively built onto the party wall, but probably encroach onto our side maybe a couple of inches.

This was also raised when we bought the house 6 years ago but we were happy to go ahead anyway considering the fact that it was so small and wouldn't affect our day to day life in the slightest.

It's an old house in an old working class area and there are many higgeldy piggeldy extensions and outbuildings built in the area where this issue would be common I'd imagine.

Can anyone advise from a conveyancing point of view how common this is, and whether it can scupper sale agreements or do solicitors generally just raise it but advise it's not worth pulling out of a sale if the buyer is otherwise happy to go ahead?

Did any buyers recently receive a gift from the parents? How did it work exactly, did your bank just let you walk up to the counter and deposit 50k? Is that even allowed? How do you even get that much to your solicitors/the sellers?

We did 4years ago. It was paid direct from parents to our solictors account. The parents had to sign a form to say it was a gift and they would have no stake in the property or expect any repayment.

A question for people who’ve just sold their house.

when it came to receiving funds from the sale, how did that process go? Did you have to inform revenue and so on. I know you don’t pay tax if the house is your principal residence but do you still inform them or is that your solicitor?

Went through this process recently. Parent went into the bank and transferred it into my account with a note on it re: house deposit. I had already advised the Mortgage company and Solicitor that it would be happening. Signed the papers for the house last week and my Solicitor gave me a Deed of Confirmation for my Mum's Solicitor to sign with her. She had to book in for a legal consultation with her Solicitor as they are obliged to make sure she understands the legalities of it etc. Form was sent back to my Solicitor the next day which in turn will be forwarded to the Mortgage company. Nice and easy process

Probate?

You do understand the agent is playing you up? Stay put on what you offered.

Is it in Dublin?

Same thing happening to me right now. Was told by estate agent that if went to asking it would be ours. Now your man "wants time to consider". Question - can an estate agent tell a seller how much available funds buyer has...presume if so Ill get the "we've considered where things are in the market and a higher bid is warranted etc etc" next week...try to squeeze more out of me. Im bidding on another property, have a feeling Im very near final, and the above has me thinking to avoid the above property taking the proverbial. Told estate agent I want a response Monday morn or I move on

Hi all,

This is the sale timeline for an apartment I owned. It might be useful for anyone that is thinking about selling at the moment.

End of September 2022

Reached out to estate agent to discuss possibly selling my 'buy to regret' apartment.

October 22

Decided to sell, gave tenant notice. Ad published to daft, viewings start. Engage solicitor. Several viewings over the course of the month. I start asking around to help tenant find a new place. 

November 22

Two bidders emerge, go sale agreed 17% above asking in the middle of November.

December 22

Solicitor informs me I need to get a land registry compliant map, wish he has told me this at the start.

Couldn't get this done before Christmas. Hear through a contact of mine that an apartment is coming up for rent.

I put tenant forward for it be unfortunately she doesn't get the apartment.

January 23

Registry compliant map is completed, cost €600. Sent to solicitor. 

Buyer looking for contracts. My solicitor doesn't want to send contacts because tenant is still in situ.

Ask solicitor to send contracts and hope that tenant finds a new place before contracts are returned.

Tenant finds new place end of January.

February 23

Tenant moves out start of February, deposit returned.

Management company requests €500 to complete MUD replies, sale can't complete without this and 

buyer's solicitor won't proceed without it. Management company very slow sending this which delays things.

March 23

Contracts come back, signed by me and returned to buyers solicitor. 

End of March sale closed and good riddance!

6 months in total. Process was more complicated because I was selling an apartment, I had a sitting tenant, and there was a management company involved.

It's now a requirement when selling. I would check with your solicitor. Prices varied hugely, €600 was the cheapest I could find. Someone calls out to the apartment and measures it, locates the parking space and then creates the maps. The company I got to do it were very efficient and easy to deal with.

Not sure if I can post the site name here, DM me if you would like to know.

Wow, that's a very long time to sort something incredibly straight forward!