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

Thanks for the reply.

Yes we can still afford to complete on the house we are buying, but we are left with very little surplus.

As you say, just one of those things you have to suck up and get on with I suppose!

Stepping back from it I think I'd prefer to take a financial hit now to get the new house over the line, rather than have to go through this whole horrible process again in a few years.

Anyone requested deeds from BOI recently? How long did it take?

Yes we were waiting around 2 weeks from request to returned to our solicitor, give or take a few days.

Anyone know when is the best time to activate home insurance and mortgage protection? Waiting for our solicitor to send contracts over shortly to sellers. The excitement is brewing!!!!!

Just got news that vendor is signing contract today , and my solicitor is sending off everything and requesting funds.

Anyone got a rough timeline of how far out we are from getting over the line?!

getting a bit excited now it must be said .

my broker sorted that and yes it has 31 years on the policy

This is a question that will have an answer of .. how long is a piece of string.. but I’ll ask anyway.

has anyone here done a remodel and retrofit of a 1970’s detached home? It’s BER for what it’s worth is a D2. ???

i think we’ve found the house we’d like to buy but needs work to modernise it, but it is habitable.

needs a new kitchen with the possibility of knocking a wall or two to more open plan. Attached garage and workshop so no planning needed..

rest of downstairs is cosmetic like new floors and paint.

upstairs, there’s 4 big double rooms, a hot press and a small family bathroom. Id probably like to shrink one of the rooms to do a bigger family bathroom and an en-suite.. mainly the rest Is cosmetic floors painting new wardrobes…

We had same situation with our house only being partially built but needing a valuation.

We asked out builder is ok to get valuation carried out and he said no problem.

Valuer gets idea of the property & carries out final inspection when house is fully completed to make sure he is happy all is above board.

It sure is.

We were bidding on 2 houses -

House 1 - us vs a cash buyer (both well above any 3rd bidder). House ended up going for €40k over asking to the cash buyer.

House 2 - us vs a cash buyer. Cash buyer won out, at €60k over asking.

Estate agent for House 1 got on to us about a week later, saying that the cash buyer had pulled out. Turns out that it was the same cash buyer bidding on both properties.

We got the house we wanted and so did they, but they drove the price of both houses up by about 10%. So nobody wins when people throw cash around like that.

Hey All, Question for those that moved from rented accommodation. We have bought a new build and have been told August is the target for completion and handing over keys, the are still saying they are on track for August and ESB will be the thing that delays anything. For those that moved and had to give notice how did you gauge this? We have to give 8 weeks and wouldnt mind a week or so cross over to get floors, applicances, internet etc done But would love to hear of others experiences. Thanks

We are in the process of applying for mortgage for trading up to something bigger. What are people in similar situations thoughts on the talk of prices coming down due to the rise in interest rates etc..the way i look at it is, as we are trading up and selling the house we live in now, if we wait and prices drop it may be a case we could buy the new house cheaper, however the same could be said for the house we are selling, if we wait the value of that would fall by simiilar amount. Therefore is there anything to be gained by waiting.

Impossible to tell what might happen. If you get a decent price for your own just bank it and move on. Just make sure whatever you buy is suitable for a long time.

We are trading up - the way we look at it any increase / decrease will affect both the house you sell and the house you buy. Maybe not both by an equal amount, but it certainly protects you to a large extent.

Start saving as much as you can each month on top of your current mortgage repayments. This will be needed to show you have the capacity to pay a higher mortgage. Especially important now as interest rates go up