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

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Comments

  • Registered Users, Registered Users 2 Posts: 37 EchoEmber


    Went sale agreed about 3 weeks ago. However the solicitor still hasn't heard anything from the vendor ? I am assuming at this stage they are waiting for the vendor's solicitors to send the deeds of the house ?

    Have already lined up a structural survey and also the Letter of offer from the bank is on route to my solicitor. I am sure I am just being impatient with the vendors side at the moment.



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


    They'll send on all relevant documentation so your solicitor can raise any pre-contract queries. Have you any contact with the vendor's estate agent? Could you get in touch with them to move the process along? They will be as keen to close out on the sale as you are.



  • Registered Users, Registered Users 2 Posts: 1,581 ✭✭✭black & white


    The same solicitor that I referred to in this post have just done the 8 weeks from Deposit received to keys handed over again, it's a close family member that I suggested use my solicitor and they are delighted that they did. They also notified the solicitor a month or so before it went on the market.



  • Registered Users, Registered Users 2 Posts: 37 EchoEmber


    Well I have been in contact with the EA to get structural survey etc organised. I am told the owner does want to get the process moved along quickly and does have an outstanding mortgage on the property. I do wonder if that does slow down requesting the deed etc.



  • Registered Users, Registered Users 2 Posts: 713 ✭✭✭manniot2


    Hoping someone might have some thoughts on the below.

    We purchased a couch in 2018 and paid for it via instalments. It turns out one direct debit was missed in 2019( no idea why it bounced back for some reason) and the lender wrote off the missed payment (130e) in 2022 and raised it as bad credit on our credit history report. We had no idea about any of this because the lender sent all correspondence about it to a wrong address.

    It was raised today by our broker who was doing credit history checks.

    will we still be able to get a mortgage? We already have one and have had no payment issues (or any other debt issues)



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  • Registered Users, Registered Users 2 Posts: 434 ✭✭picturehangup


    Buying and Selling, currently!

    Went SA on our own house last April, trying to encourage the purchasers of our home to get moving, quite literally.

    The docs are with their solicitor, and I have called the EA who sold our house for us to encourage them to close the sale of our house, as we are almost ready to go sale agreed on another property. They seem to be very slow, hope they're not getting cold feet, or it's back to square one again.

    There are a few houses we like, in the Celbridge/Kilcock areas. One semi-d is almost reaching 490000! It is a nice house, well-built, but needs to be brought into the 21st C. There is no shortage of bidders.



  • Registered Users, Registered Users 2 Posts: 16 blowintothewest


    Hello everyone long time lurker here.


    Had to pull out of sale agreed last week as the mica test for the house came back as significantly positive. I feel for the owner and the other houses in the estate (because this was the first positive one) but honestly this has completely decimated my confidence in even buying a house in this part of the country at all as we were assured (multiple times) by anyone we talked to that the blocks came from the north and were hand carved by Jesus himself.

    What's worse is we know people on the estate and they've just been told their house may or may not be affected by this.



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


    We had a similar situation to this when selling our house, and we needed a quick sale as we were sale agreed on another property.

    It took me getting seriously p*ssed off and hounding our EA constantly for updates from our purchasers and basically giving an ultimatum for them to get their a**e in gear if they want to buy the property or we would find new buyers. We are now thankfully much further along since I started hassling everyone and they are signing contracts this week.

    Everything takes time: Loan offer, bank valuation, property survey, solicitor queries etc etc etc so you really need to keep on top of where things are at with the buyers. If they're dawdling and having second thoughts then the sooner you get rid of them and get new reliable buyers the better



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


    Random one here folks, hoping to get to sign contracts this week or next, after which we need to send the remainder of the deposit I presume. Currently my bank has a hard limit of 10k per day transfer, will going into a branch get around that? How have people got around this limits in the past?

    Cheers!



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


    Yes, you can just go into a branch. Make sure you have ID etc.



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


    On the deposit side of things. If we go sale agreed on a house that we’re viewing in the next couple of days.(confident that we’ll get it) we have the €5k booking deposit but won’t have the rest until our house sales goes through.. has anyone had any issues with this?



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


    Sale agreed since Jan and looking like it will fall through due to their solicitor incompetence and title issues. Went back on the market this week to have a look in Dublin and after viewing some houses i've been told they're gone up 60-70k in less than a week. Completely demoralized as I thought we were past this stage.



  • Registered Users, Registered Users 2 Posts: 4,580 ✭✭✭VW 1


    We were similar, our deposit was effectively tied up in our equity. Our solicitor requested it be put in as a clause that that was the case and the requirement for a 10% deposit was waived. Our vendor agreed to this without any issue.



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


    Ah okay, that’s something I’ll keep an eye on so. Bank has no issue as they know we won’t be able to buy and pay a deposit unless our house is sold first.



  • Registered Users, Registered Users 2 Posts: 4,580 ✭✭✭VW 1


    If you already have a solicitor, let them know this early on so it can be requested to inserted in a contract if needs be. We've found small issue after small issue keeps pushing and delaying finalising a couple days here and there and the weeks without signing inevitably add up.



  • Registered Users, Registered Users 2 Posts: 1,786 ✭✭✭DownByTheGarden


    Thats a totally normal situation. Solicitors and EAs will have it all in hand as they deal with trader uppers every day. Pay your booking deposit. They know if you have to sell, the difference will come out of the sale price.



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


    Hi folls.


    We're buying a new build and we are going into the solicitors office today to sign contracts.

    Are the contracts bulky documents? Will we have to spend a long tine there reading through them?

    Any tips on what to ask our solicitor? Is there anything we should look out for in the contracts?



  • Registered Users, Registered Users 2 Posts: 290 ✭✭randomguy


    The contracts might be bulky, but you are paying your solicitor to read them for you, to explain the meaning of them to you, and to point out any noteworthy or unusual clauses. So you don't have to do this yourself.


    When people say "never sign anything you haven't read" they are right - you should read every word of a contract the other side of a transaction puts in front of you. Or even better, get a professional to read it for you and advise you. In conveyancing, that is literally what you are doing - paying a solicitor to review the contract and advise you. That said, talk to the solicitor and make sure that you are clear on closing dates, whether the contract is subject to your financing (whether you can pull out if you can't get a mortgage), whether it is subject to anything on the builder side such as potential cost increases, potential changes in house design, garden shape etc.



  • Registered Users, Registered Users 2 Posts: 1,436 ✭✭✭SortingYouOut


    You should have gotten a soft copy beforhand as well to review before you went in to sign in person.

    Beverly Hills, California



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


    Sigh, on to the next hurdle in this godawful process. After some issues raised in survey results and getting structural engineer in for second opinion we renegotiated sales prices to take into account necessary remedial works.

    Our solicitor has just come back to us today to say that the vendor's solicitor is refusing to provide exemption/compliance certs for additional works done to property many years ago. Our lender will not grant mortgage unless all documentation in place. Vendor's solicitor says it is up to us to apply for them.

    To put it very lightly, this is rubbing me up the wrong way. It just seems wrong that a buyer would have to seek documentation to certify works undertaken by the seller. It also adds significant delays to the process as I understand it will likely be a couple of months for that process with authorities, regardless of who applies.

    I simply can't get my head around why a vendor would not sort this prior to putting house on market, and expect a FTB to take on that extra burden. Especially where probate already done, so ample time was there to sort this.

    Am I overreacting? Have others gone through anything similar? Feel free to message me if you have any insights or advice. We are now back to seriously considering walking away, except now down the cost of legal fees as well as structural engineer report, lost time which could have been spent on another property, and a sour taste in our mouth.



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


    Hey. Thanks for the reply.


    We ended up postponing the appointmemt as we hadnt received soft copies ahead of the meeting. Have teied to go through them this afternoon. A lot of gobbledeegook but did my best to take out the main points. And have done up a list of questions for the solicitor invluding your suggestions.


    Thanks again.



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



    Yeah we didn't so we postponed the meeting. Have got them since and have gone through them today and will meet next week.


    Cheers.



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


    I feel your frustration, after years of trying to purchase a house, I was hoping to get everything needed to sign contracts early this week, but then the bank put the documents in the wrong queue, so had to wait till thursday for additional review, and then today we found out they wanted something else, it's just a week of being on tenderhooks after 7 weeks of no traction. I'm exhausted with it at this point, cannot get over how ridiculous it is trying to buy a house in this country.

    I have had to walk away from some properties already and one for similar reasons as yourself. Honestly it kills me knowing I'm surely coming up on about 20k worth of expenses into housing that never panned out (admittedly, most went on an architect before self building became crazy expensive) but all you can really do is walk away, it's the only bit of control you really have. You could be a bit petty I suppose and look elsewhere while not pulled out of this place. As long as they have your booking deposit, they can't really find alternatives. And they seem content to wait. You could too in theory?



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


    Offer in on house we love! This is the house!! We’ve offered slightly under asking as the offer before was €23k less.. it’s a big jump… hopefully she accepts



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


    Hopefully it works out for you, our solicitor has just sent a list of about 20 queries back to our vendor and also looking for certs for additional works, hoping its not a long drawn out process. Sellers should have things in order before going to market, should be a requirement, otherwise wastes everyone's time.



  • Registered Users, Registered Users 2 Posts: 584 ✭✭✭theboringfox


    That is a massive hurdle to over come. Just simply both loving a house and it being within budget can be hard to find so great to hear. Best of luck



  • Registered Users, Registered Users 2 Posts: 584 ✭✭✭theboringfox


    Are house surveys generally fairly basic documents? Got one and had no material call outs but for basically everything it just says we recommend you get plumber survey, electrics survey, roof survey etc. To be fair its structural survey and largely done off visual but just feels like was it even worth doing. Bank didnt require it either.



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




  • Registered Users, Registered Users 2 Posts: 4,580 ✭✭✭VW 1


    We had a surveyor come out to do a survey on our house for our purchasers and after seeing him in action we decided not to get one for the house we are buying. Basically measured and looked around, took some pics and was gone within 15 mins.



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  • Registered Users, Registered Users 2 Posts: 1,218 ✭✭✭FionnK86


    What are potential blockers with converting attic to bedroom? Apart from budget, what sort of planning permission is needed?

    Reason being, we're looking at 3 beds, but neighbours in some houses we're viewing have attic conversions with windows.



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