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

Lots of people moved out of houses they owned to rent and take their time buying. It worked out for some but i still know a few where the prices ran away on them and they ended up buying a worse house than they originally sold for the same or more money.

Be careful

We were advised to do this by an estate agent in 2020 as he assumed there would be a property crash caused by Covid.

Thankfully, we did not take his advice.

There's a saying I like for this. The market can stay irrational longer than you can stay solvent.

Hi my parents home for sale in Crumlin I seen a post on here someone asking about the area in cuddle sac PM me and I will gladly help 💗

1st time poster- long time lurker 👋

Found this thread so helpful so far. The reality reflected is so beneficial to those starting out. Loved seeing people's timelines from sale agreed to keys, even if the data was older.

We are 1st time buyers, trying to get out of private rental with 2 kids in tow, finally sale agreed shortly before Christmas on our "forever home"- we hope!!! House is vacant. We are very organised so here's hoping vendor is keen for quick sale also and all goes to plan.

We are West of Ireland, large town. Our thoughts on the process so far:

1. Interest rate hikes took a sledge hammer to our approval figure. Took that one on the chin and cut our cloth to measure, which lead to point 2.

2) There is literally, no market, the last 6-9months. It is locked. I've been watching it for 2 years in anticipation of finally being ready to buy. We've met every EA in the area all saying they've never seen it this bad for stock. The demand and competition is fierce!

We were outbid on a house that went, in the end, for 70k over asking and genuinely required minimum 80/100k to bring it up to most peoples expectations for a family home. The location of this house drove the price, not the house.

4 bed semis that would have been 225/250 2 years ago are now going for 320+. Larger, detached, on half acre site edge of town type are very very few & far between. These home owners don't seem to be trading up/down at all. ( Would love to hear this homeowners reasons for this, interest rates? Lack of places to move to? )

And if the above type of houses are going up, the price is just wild (achieved, but absolutely insane money).

Happy to log how long our process takes (fingers crossed we get it over the line!) for all those coming behind us through 2024.

Anyone bought/sold in last 3/6 months? How long was it start to finish?

We are in a very bad situation. The contract is signed by the vendors and us and my solicitor got the loan money from the bank but one of the vendors refused to move out from the property. Right now we are paying the rent and the mortgage in the same time which is just crazy money. Anything we could do because our solicitor is good for nothing?

We are waiting for her to move out for more than a month. Our solicitor said he could set up a notice but that gives the vendor 28 days to move out if she moves out at all.

The contract must have an exchange date. Get your solicitor to notify the vendors that unless handover has happened by that date the contract is considered void and the sale will not be going through and they will be responsible for extra costs incurred due to their delay

That's a horrendous way for the sellers to act, it's the lack of honesty that's the killer. Really feel for you on that one.

That house can't go for sale/ actually sell if they're not agreed. There's legal battles ahead, between them. Absolutely used as a pawn in their spat.

If I was you, update solicitor & pull out now. No 2 weeks wait, the outcome is already known.

Clearly you're a serious buyer, you've that on your side. Go back through all the EA let them know your actively looking.

On a human level, 3 houses to fall through is so exhausting and expensive to deal with but, as we keep getting told, there's a house with your name on it, somewhere, keep going!

We viewed a house that was for sale as part of divorce agreement. He had left, she stayed with kids in it. A Headache we thought to deal with their 2 solicitors but we viewed regardless.

Turns out massive work needed, this work also meant you didn't expect a bank to approve a mortgage on it, though not definite until a buyer tried get a mortgage through. No one ever even bid on this house.

Turns out a good ?18mths later, its still for sale, he wants to do the work (split costs) to get it sold. She won't do the work because she's trying to stay in the house. They're headed back to court.

House buying in Ireland is excruciating.

What have other houses there sold for recently? Check on the PPR.

Well it seems like our solicitor is not the best, but it is too late to get a different one.

I'm just wondering when they say Phase 1 of a new build is coming to the market soon, generally how long before the houses are ready for occupation (i.e.. built)??

If you were interested, would it mean you'd be buying off the plans?