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

I know someone who accepted a buyer with a lower bid because the couple buying the house grew up in the area and vendors liked the idea of a kid that used to live there coming home and settling back into the area rather than someone that the neighbours didnt know at all.

This seller wanted to make life easy for the neighbours they were still friends with, more than wanting more money.

I was talking to her last night. EA advised her to put the house back on the market with a price drop of 10%, but to expect to get 20% more than that which is far more than the price it was sale agreed for before. It was a strategy to get people in the door fast as the owners of the house she is buying are getting tired of waiting now and are going to pull the plug. Seems to be working as there are full viewings coming on Friday and Saturday. She said she the EA is going to wait a week after that for bids and then ask all the bidders to send in their final bids for the following week to get the sale done.

This is a house that was sale agreed 3 times and fell through in the last year and a bit.

The last withdrawal was because the house cant get fibre. The one before that the buyer didnt have the funds they said they had when it came to drawing down the mortgage. According to what I was told the EA says prices have gone up in the area since it was first sale agreed so she should expect to sell at the current worth of the house. I'll post back when i hear how it ended up.

She did tell me that unless its a person without a house to sell now, it doesnt matter what the bid, they will go for the buyer with no house to sell. And even if its the same as the previous offer or a bit lower she will take it if the bidder is solid and free to buy. She instructed the EA to tell everyone looking at the house the reasons why the sales fell through before so they know the story if they are bidding.

Dublin

Anyone recently get a Valuation report done with AIB? Booked it on the morning of the 6th of June.

They said it takes 7-10 working days. Today would be the 10th working day.

That's a good point, thanks

Contracts signed for a new build, still with our solicitor and not signed by the developer yet.

We received a provisional BER of A2 with the booklet of title and this is what was advertised on Daft.ie (ad since taken down).

I've just spotted that the developer's auctioneer has posted about another property in this development now available, same size and type. I was thinking they might have had someone pull out so they have readvertised.

Strange thing is the rating is now advertised as A3.

Can anyone advise on what might have happened here, where I stand with my provisional cert and my best course of action here to investigate?

I'm thinking i'll say it to my solicitor anyway. My concern is what might have dropped the rating in the space of time from their provisional cert of A2 to the A3 now being advertised. Nothing has been mentioned to us and i'm a bit concerned.

Could just have been assessed by a different assessor or have slightly different layout that affected the BER. I wouldn't worry too much about the difference between A2 & A3 both are quite high in terms of energy efficiency and both qualify for green mortgage discounts.

Are they at least selling and trying to make it more attractive to buyers, or is this just for themselves?

TBH when I was first looking at buying I wasn't looking at lower BER but then I looked a bit more into the BER advisory reports and the one for the property we are currently renting and realised how subjective they were and how it might not have much of an impact necessarily on the warmth of the house.

The 150 year old house we are buying is C3 and the house we are currently renting is also C3, the older house is much warmer than the one we are renting. We will probably better insulate the attic and add some solar panels, switch out the lights and a smart battery that can take advantage of the night rate on smart tariff purely to look at getting a green mortgage discount when our current fixed rate period ends and to save some money in the longer term on energy bills.

Spot on. Gotta remember this POST no #10430 anytime I see people fretting over BER's posted so to link back to it.

Once one sees what a typical BER assessor does in the 30-45min assessment that it usually takes them to do a house it is pretty obvious that it is very basic.

Matters for mortgage rate as some offer a lower green rate.

Try Auctioneera.ie. They charge set fee and will save you.

Check out Moovingo, young Irish startup providing some good competition. They do fixed rates with various tiers of options.

We got our loan offer from PTSB very quickly. Certainly within 2 weeks once we went sale agreed.

We had a good broker who made sure everything went very smoothly