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

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Comments

  • Posts: 382 ✭✭ Mckinley Itchy Logjam


    I was the exact same.

    Drew down 24th April. Cash back received on Friday.



  • Administrators, Business & Finance Moderators, Society & Culture Moderators, Paid Member Posts: 17,004 Admin ✭✭✭✭✭Toots


    Banks won’t have the problem with the house, however you might have trouble with the buildings insurance, and if you can’t get insurance the bank won’t let you draw down the mortgage.

    I lived in a house with a fully flat roof for a year and had an absolute nightmare getting cover. Loads of places just gave a flat ‘no’ when I rang but then I eventually got it through Glennons.

    The price was probably higher than a house with a standard pitched roof. What I’d do is start ringing around various companies and try to get quotes now and see where you stand. Is it an older house or a new build? Ours was a brand new build so I’m not sure if that made a difference.



  • Registered Users, Registered Users 2 Posts: 4,975 ✭✭✭robbiezero


    Using https://www.propertyhealthcheck.ie/ for survey on house I am buying.

    Their "FAQ" states that

    The engineer will do a cursory visual overview of the utilities at the property. Photos and comments will be included in the survey report where issues are observed which have caused damage to structural components of the property. This cursory overview is no replacement for an inspection of utilities by the appropriate professional, e.g., qualified electrician, plumber, etc.


    Do I need an inspection of utilities also on a ~20 year old house in very good condition as well as the house survey?



  • Registered Users, Registered Users 2 Posts: 3,007 ✭✭✭TheRona


    It's up to you, but probably worth doing. I used property health check, and they identified a leak in the downstairs toilet, but not in the upstairs one (which is more of an issue). They also didn't identify that 3 upstairs lights had no power going to them at all. If we didn't have an electrician in the family, the issue with the lights could have ended up being an expensive fix.



  • Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    Thank you. Yes older house but the extension has flat roof and the roof will need to be done in a slope. So not sure if the building insurance will be first then build the roof in a slope be best approach.

    Remember the shills only get paid when you react to them.



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  • Registered Users, Registered Users 2 Posts: 426 ✭✭FledNanders


    We are selling our house, which is sale agreed. The buyers have done their property survey nearly 2 weeks ago, and now want to arrange a damp surveyor to come also in almost 2 weeks from now, which really doesn't suit us as we need to move quickly.

    Is this common? As far as know no damp issues were raised in by the original property surveyor.



  • Registered Users, Registered Users 2 Posts: 426 ✭✭FledNanders


    But they've already had a property survey done, which would have tested for damp, and which didn't mention any damp issues.

    What is the point in hiring a property surveyor if you're not going to trust what they say?



  • Registered Users, Registered Users 2 Posts: 632 ✭✭✭Lyra Fangs


    Does anyone have experience with qualification of title and positive outcomes?



  • Registered Users, Registered Users 2 Posts: 3,007 ✭✭✭TheRona


    They don't just visually check for damp, they would also use a meter. Of course, this isn't the same as actually drilling into the walls.

    If I was selling, I'd be a bit annoyed at them wanting a dampness test almost a month after the initial survey. They could have had both done closer together if it was important to them.



  • Registered Users, Registered Users 2 Posts: 4 hopwestlimk


    Hi AH92 👋

    Im in the same boat 🤦‍♀️ Folio is in Council name, it was a council build in the 70s, house has been inherited by son who is now selling. "Allegedly" council have agreed verbally that the house is legit belonging to the son and all they need to do is sign a transfer order into his name, advised this by vendor solicitor through EA. Sale agreed since 1st Dec 😵‍💫 with no end in sight!!



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  • Registered Users, Registered Users 2 Posts: 4 hopwestlimk


    Hi AH92 👋

    Im in the same boat 🤦‍♀️ Folio is in Council name, it was a council build in the 70s, house has been inherited by son who is now selling. "Allegedly" council have agreed verbally that the house is legit belonging to the son and all they need to do is sign a transfer order into his name, advised this by vendor solicitor through EA. Sale agreed since 1st Dec 😵‍💫 with no end in sight!! Cannot get a timeframe from vendor sol (via EA) My patience threshold has been well and truely tested 😔

    Not here to dampen ur spirits, but I wish I had seen comments like this and others experience with same 6months ago and I'd have prob made a different choice.

    Really hope u have better luck than me 🤞



  • Registered Users, Registered Users 2 Posts: 445 ✭✭Aph2016


    Anyone been through an online bidding process, come out as the top bidder, above the asking price, and seller still not happy with the price?



  • Registered Users, Registered Users 2 Posts: 3,007 ✭✭✭TheRona


    Auctioneera? I know one property we were following that was relisted 3 times. I spoke to the agent, as he was dealing with another house we were bidding on. He said that the sellers weren't happy with the price because their neighbour only a few doors down got only €20k less for a house that they viewed as being way worse. In any case, the house went back up 2 more times on Auctioneera, and got to the exact same figure twice more.

    I just looked it up on Property Price Register, and yup, it went for the exact same price that it first sale agreed on almost 6 months before they finally settled on an offer.



  • Registered Users, Registered Users 2 Posts: 426 ✭✭FledNanders


    Anyone know how long BOI are taking to issue loan offers these days?

    Our buyers are just kicking off the process now, even though we've been sale agreed for 4 weeks



  • Registered Users, Registered Users 2 Posts: 445 ✭✭Aph2016


    Two weeks I think. Why are your buyers only starting the process now? Time wasters.



  • Registered Users, Registered Users 2 Posts: 312 ✭✭MrsBean


    After getting the property survey back we have the wind taken out of our sails a bit, everything else trucking along nicely - got the loan offer yesterday too but we were too bummed out about the survey to celebrate! Finding the survey report a bit difficult to interpret, on first read seems all seems atrocious, second read less so etc.. language open to interpretation and probably a bit of arse covering going on.


    One question I have is, where the surveyor has suggested further inspection is required, on two specific issues he had said it should be arranged by the vendor. Would that be the norm? Do we ask the EA to sort that or go through solicitor? The main issue seems to be placement of a velux window in an attic conversion which may need to be removed if can't get exception.


    Other main issue is kitchen extension roof 'needs to be replaced' but no indication of how urgently. We intend to knock and extend anyway in a few years so not sure if we're ok to last til then.


    Anyone else struggled with survey reports and the ensuing disillusionment??



  • Registered Users, Registered Users 2 Posts: 3,154 ✭✭✭akelly02


    doesnt sound like a great survey tbh


    my survey had a grading system of hoe urgently things needed to be looked at



  • Registered Users, Registered Users 2 Posts: 4,975 ✭✭✭robbiezero


    Survey done - No major issues - One Drain blocked with soil - He recommended a camera survey of the drains and when I asked about getting a utilities survey, he recommended maybe getting the plumbing surveyed, but I'm not sure I will be arsed. There is a new boiler in etc, so I imagine they must have looked at that themselves



  • Registered Users, Registered Users 2, Paid Member Posts: 8,568 ✭✭✭RedXIV


    I think the expectation is that a survey is there to find problems so it's always a bit disheartening when they are found, but the context is important. Like @akelly02 said, the survey I've gotten done has graded how important the individual issues are and also I would have thought it was common enough to talk to the surveyor after if you had questions? I've definitely done that on both surveys so far.

    The surveyor then should be able to talk through what next steps might look like, but remember, there is the norm and then there is your scenario. Just because the standard is to have the sellers pay for some checks doesn't mean these ones will be willing. Take from that what you will, some will be suspicious of why the sellers wouldn't do that but others will understand that they may see it as an extra cost that may not even lead to a sale.

    I would definitely see if you can get your surveyor on a call for 10 mins, you may feel 10 times better after it. But I'd be lying if I said the words "the roof needs replacing" wouldn't worry me. That could be a big expensive job.



  • Registered Users, Registered Users 2 Posts: 4,975 ✭✭✭robbiezero


    Mine was with propertyhealthcheck.ie completed this morning. The guy rang me after it to give me the low-down in advance of the report.

    I had expected to hear a fairly arse-covering non-committal account which would leave me a bit worried and having to parse out whether there was anything substantial, but his first sentence was "Good news, no major issues" - which caught me by surprise.


    I don't mean to sound gloating or anything here, that's not the purpose of my response, but rather to indicate that if the surveyor does indicate some major issues - it might need to be taken seriously. Hope it all works out for you anyway, I was quite nervous about our survey, it is tough to come that far, especially in the current climate and receive a set back, but hopefully all is resolvable for you without too much hassle.



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  • Registered Users, Registered Users 2 Posts: 275 ✭✭Galwayhurl


    How do you find a surveyor? We're buying a new build and will need one for a snag in a couple of months.

    What do I google for? Just "surveyor" or do they have a longer title?



  • Registered Users, Registered Users 2 Posts: 10,012 ✭✭✭✭Alfred Borden


    Completed a purchase of an apartment in Dublin on my own and moved in a few months ago. I really like the area but just cant settle in the apartment at all. I feel like I have made a major mistake in purchasing the apartment and should have waited and bought a house with my partner. I feel like I blew all the advantages that would be open to a FTB for us both going forward.

    I contributed almost 20% of the funds to the purchase from my savings and I'm getting worried that if prices were to drop, I'd be back to square one minus most of my savings. Would it be foolish to sell so soon? I want to give it a fair chance but worried I'm wasting time on something that was never going to be my final planned home and with an impending price crash. I know I can expect some loss on the valuation as well as estate agents, bank fees, etc.



  • Registered Users, Registered Users 2 Posts: 312 ✭✭MrsBean


    Thanks, yep, call scheduled for tomorrow. I hope he can put it in plain English so we can better assess the risks.

    The report sets out what it means by immediate, short term, medium term etc at the start and then only uses the word immediate once in the report and no other time frames referred to.

    A roof needing to be replaced would scare me too if we didn't already intend to knock it and extend in 3-4 years. Again, no indication on time frame or urgency on that issue. Anyway, will see how the phone call goes tomorrow and what will be will be!

    I was expecting to be deflated but not to this degree! Im disappointed in the report in the same way a parent is disappointed in by bad LC result!! I'm not angry at you I'm just disappointed 😂



  • Registered Users, Registered Users 2 Posts: 2,463 ✭✭✭Cork2021


    very disappointed today, we were due to view a house we think we want later on today but the vendor pulled out as the house was untidy! She knew about it since last Saturday and is now heading off on holidays and we can’t view until the 30th of June!!! Going nuts!!



  • Registered Users, Registered Users 2, Paid Member Posts: 8,568 ✭✭✭RedXIV


    If there is one thing I learned about buying a house, it's get recommendations on who you deal with. Our surveyor was referenced by a friend as "expensive but good". He's been brilliant. Our broker was referred by a former work colleague, again, couldn't ask for better from my broker. Picked the solicitor down the road because, he was down the road and thought it'd be handy. The man makes glaciers look fast. Really wish I had gone with someone's reference for that.

    Moral of the story, ask about and see who people recommend for surveyors, especially if you know anyone who'd have engaged one recently



  • Registered Users, Registered Users 2 Posts: 15 STEVEPRATT89


    Hi all,

    Purchased a house from plans in 2019 long story short house is finally in the closing stages waiting on Irish water for connection. We have a letter of offer from Avant with interest rate of 3.3% fixed. Their rates are due to go up tomorrow the 16th. Are we going to have any hope of retaining this interest rate for when we draw down which we are hoping to do before the end of the month. We signed the letter of offer on the 2nd of June. I heard they give a certain amount of grace when you have been given a certain rate?



  • Registered Users, Registered Users 2 Posts: 645 ✭✭✭J_1980


    There will be no property crash.

    you can always try to sell and make up a story (vendor has a job offer from Australia etc.). If the alternative is buying a house, might as well do it. If it’s renting, stay where you are.



  • Registered Users, Registered Users 2 Posts: 509 ✭✭✭AH92


    Hey!

    I feel so bad for you we feel frustrated waiting this long but can only imagine how you're feeling. Now we're told it might be a couple of months to sort out as sellers solicitor still has to transfer folio from council over. Simply fuming over this as we were hoping to avoid any interest rate rises.



  • Registered Users, Registered Users 2 Posts: 4 hopwestlimk


    I am with you on the rate hikes, lost count of how many there has been since Dec, and i think ill miss one or two more too before this saga ends🙈 here is a quick timeline of my events so far.. I think I lost 6-7 weeks between Dec/Jan (solicitor pressure for prior Xmas closings and hols), I think contact was only made with council mid Jan, council did say (verbally) that folio was not updated when house was purchased from them (just an oversight), it took from late Feb/early Mar until 2 weeks ago for them to instruct their solicitor to resolve! My solicitor wont do anything until she sees written confirmation that vendors actually have title to sell, which is the right way. Have long ago given up thinking anything is going to be quick about this.. the wait goes on! If its the house for you, don't give up just yet, you'd never know - my story might just be the worst out there 😫🤣



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  • Registered Users, Registered Users 2 Posts: 414 ✭✭ingo1984


    My sister was bidding on a house with one other party. They had put in a bid of 465k, however did not hear again from the EA. When they enquired to the EA, he informed them that the vendor had accepted the other offer of 470k cash offer. I find this weird that 1) the EA didnt contact them to inform them of the other offer and 2) ask them if they wanted to submit a counter offer. I have a feeling there is something back handed going on. They informed the EA that they would like to make a counter offer of 482,500. However the EA informed them that the property was sale agreed and deposit had been paid.

    What are people's thoughts on this practice? Is this normal?



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