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

After two years and over 20+ houses viewed, and being sale agreed on our dream house at Christmas and having to pull out due to serious boundary issues, we are finally sale agreed on a house we love in a great area. Everything has been moving along smoothly, and are also dying to get in ahead of the next rate increase on 05/05. We have loan offer and are awaiting vendor's contracts. Spoke with EA last week and he said that the vendor hopes to have the sale closed within 6 weeks. Anyone ideas on timelines for vendor's contracts? We are hoping of no unforeseen delays and potentially wondering if we could drawdown a little early to avoid a rate increase. The stress of it all!

Reading this forum it’s no wonder we have a housing crises. The amount of people tied up at sale agreed, contract stage etc and the time it’s taking to resolve issues, no wonder there is such a bottleneck. Of course nothing will change.

And do you believe everything an estate agent tells you??

Definitely don't take a financial advice from an estate agent.

I don't envy some of the people going through the process at the moment, and I'd be in no rush to go through it again myself.

I have a relative in NZ who is a single mother, and was recently told she had to leave her rental property as the owner was going to sell. The rental situation over there seems just as bad as here, and she didn't know what to do. She spoke to a financial advisor, and they asked whether she had considered trying to buy. This is something she never thought would be possible, but long story short, she collected the keys to her own house less than 6 weeks later. That's less than 6 weeks from the initial suggestion that she should consider trying to buy. I had to wait 6 weeks for the vendors of the house I bought to find a document they'd lost.

There's something seriously wrong about the way things are done over here.

Took us 4 months and pretty similar to yourself, would think it would be beneficial to the whole industry if the process was quicker, more turnover, more business for everybody involved.

Great news. How long have you been sale agreed? I'm a seller and still waiting on deeds and terrified buyers will pull out

The amount of sales falling through is astounding.

It was like "Rear Window" here the last few days.

Im looking out the window at the house across the road that is for sale for about 6 months now.

It was sale agreed within a couple of weeks of going on the market. That fell through because they didnt actually have a mortgage of the amount they said and couldnt get it. A few week later it was sale agreed again. That fell through because those buyers decided that the vendor wasnt able to move fast enough for them.

Then last week the latest buyers pulled out because of problems with boundaries on their own house that they were selling. They had been stalling for a couple of months and got an ultimatum. Dont know how much it was sale agreed at with any of those.

For sale sign went up again last week.

Im looking at lots of drive bys over easter. Cars driving up, stopping outside for a while and then going on their way. Some getting out and snapping a few pictures.

Yesterday must have been the viewing. There was a steady stream of people going in and chatting to the agent outside.

When I looked it up on Daft the asking price is 55k more than when it went up the first time.

I’ll be in the exact situation in a few weeks. House is going up for sale at the end of the month, we’re going through the process of getting AIP wit a few banks etc. I’ll be hoping I’ve a buyer like yours that’s patient and willing to wait for us to find the house we want/need. We’re looking for a 4 bed detached and at worst a four bed semi but are few and far between within our area and budget. It looks like our max budget will be €300k

Nope, contracts not signed yet. They don't want to sign without a closing date, and we don't want to sign until we can commit to one. Marriage of convenience!

I remember back when we bought our house from a developer we didn’t sign contracts until about 3 weeks before getting the keys, this was due to them needing to finish out the house and the snags. But I assume you could put in the contract a provisional date that’s subject to change and limit it to one change…… I’d be hopeful that we get a buyer is patient with us as we go on our house hunt!

Sorry to say but you probably just have to start "annoying" them a little because they seemed to react to that. I could have written exactly what you have written about B0I about 6 months ago. Did not use a Broker. I just started asking them questions every day via the BOI Portal (even if I had some of the info already from my solicitor who also was in contact with them over the phone). In the end - they added about 3 weeks delay for me I reckon but at least any time they updated with a new message - there was zero delays in providing information (often it was stuff that had already been uploaded a few months previous) once they responded. I had a feeling that the Backend IT systems they are using are a bit dated for internal communication/processes, even if the Online Portal looks shiny.

Yeah its very frustrating, especially when the auctioneer is ringing weekly looking for updates as if i have any control over the process. The banks hold all the cards here since so many customers are gone from KBC and Ulster. Im surprised the auctioneer doesnt get this. Surely im not the only one in no mans land waiting for word back..

I have reached out to BOI directly and am going to pester them as per advice on their portal. Good luck with your own journey!

Funnily I'm having the exact opposite experience at the moment. BOI and AIB have been grand to deal with and quick to reply, applications with the underwriters at the moment.

EBS, who we applied with first, still hasn't submitted the application yet because they keep asking for more documents. Get them what they're looking for, they ask for another one.