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

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Comments

  • #11132
    copacetic
    Subscribers Posts: 17,075 ✭✭✭✭copacetic


    https://www.boards.ie/discussion/comment/122134377#Comment_122134377

    not sure where that consensus would come from, it greatly depends how well priced the 800k property is to begin with, whether the seller is entering a chain anyway etc etc. it seems a bit low to be honest, 5-10% seems about the minimum over asking for a reasonably priced property. I’d be surprised if it matters enough to a seller to take the lower offer. Sales fall though often because of fickle buyers bidding on multiple properties, getting cold feet etc, sellers going back for more to the market after delays etc. the chain part is a small enough reason for sales falling through.



  • #11133
    copacetic
    Subscribers Posts: 17,075 ✭✭✭✭copacetic


    https://www.boards.ie/discussion/comment/122128937#Comment_122128937

    Not really, we requested deeds when we put up for sale, 8 weeks later sale agreed we had to chase deeds for another two weeks. Getting redemption figures is v difficult also. We couldn’t have done any more to try to be ready. Then closing was delayed by a full 2 weeks due to banks again having issues releasing funds to buyers. Banks are a major obstacle to every aspect.



  • #11134
    FionnK86
    Registered Users, Registered Users 2 Posts: 1,218 ✭✭✭FionnK86


    https://www.boards.ie/discussion/comment/122135179#Comment_122135179

    Thanks Copacetic,


    Were you Ulster Bank?



  • #11135
    copacetic
    Subscribers Posts: 17,075 ✭✭✭✭copacetic


    https://www.boards.ie/discussion/comment/122138749#Comment_122138749

    no, that was aib.



  • #11136
    [Deleted User]
    Posts: 1,677 ✭✭✭ [Deleted User]


    Has been absolutely nothing Around us (Tipperary) this year, could count on the one hand the amount of places realistically within our budget.
    2024 has been worse than any of the past few year’s.

    Real bottom of the barrel stuff coming available that are grossly overpriced and/or need 10s of thousands to bring them upto decent standard.




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  • #11137
    herbalplants
    Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    https://www.boards.ie/discussion/comment/122143850#Comment_122143850

    Yep I can agree. It is shocking what is out there for what price!

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



  • #11138
    tonysopprano
    Registered Users, Registered Users 2 Posts: 920 ✭✭✭tonysopprano


    https://www.boards.ie/discussion/comment/122143850#Comment_122143850

    Have been looking in NE (Meath, Louth, Cavan and W/Meath)and have noticed that since May 2023 (WHEN GRANT CAME IN) asking prices went up by 70,000 and quality went down AND anything that goes sale agreed is back on the market within 3 months

    If you can do the job, do it. If you can't do the job, just teach it. If you really suck at it, just become a union executive or politician.



  • #11139
    Hontou
    Registered Users, Registered Users 2 Posts: 322 ✭✭Hontou


    https://www.boards.ie/discussion/comment/122147524#Comment_122147524

    I think back on the market within 3 months of sale agreed is a sign that the sale did not go through rather than the buyer reselling. From sale agreed to contracts signed has always taken between 3 and 10 months for me (based on 8 property purchases and sales of second hand properties). There has always been some sort of delay between deeds, banks, a chain, planning or right of way issues.



  • #11140
    tonysopprano
    Registered Users, Registered Users 2 Posts: 920 ✭✭✭tonysopprano


    https://www.boards.ie/discussion/comment/122147932#Comment_122147932

    Yes, agree/ The ones that I have seen have been way overpriced and have issues including planning and boundry and a good few have been sold as qualifying for grant but have not been vacant for 2 years (which authorities can easily check by electricity usage). For some reason I am finding this alot with estate agents and auctioneers in NE region

    If you can do the job, do it. If you can't do the job, just teach it. If you really suck at it, just become a union executive or politician.



  • #11141
    Hontou
    Registered Users, Registered Users 2 Posts: 322 ✭✭Hontou


    https://www.boards.ie/discussion/comment/122148909#Comment_122148909

    Total nightmare and waste of professional time for estate agents if it does happen. They only make money if the sale goes through. I often think a property on the market a long time or one that comes back onto the market in a short time has some issue with title or planning unless its simply overpriced.



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  • #11142
    RedXIV
    Registered Users, Registered Users 2, Paid Member Posts: 8,568 ✭✭✭RedXIV


    Anecdotal I know, but the experience we had after managing to close on our first house last year was 2 houses fall through after sale agreed because of planning/access issues and then we had another house take 9 months getting contracts to us before we called it quits.

    Is that law coming in yet for getting the house planning in order before you can put the house on the market? Because it's scandalous what they can get away with putting up for sale now "in case it's a cash buyer" because a mortgage provider would be more thorough



  • #11143
    ViperMAN
    Registered Users, Registered Users 2 Posts: 165 ✭✭ViperMAN


    Hi everyone,

    I just went sale agreed on a house. I really like the house, and thought I wouldn't actually land it … now I am questioning why it was so easy, if there is something wrong with it. I am putting every cent I have into the property so I guess I am feeling a bit vulnerable. I have a few questions:

    • I need to pay a deposit - which is refundable. Can I do another viewing with my partner/family before putting in the deposit?
    • If I decide to pull out after putting through the deposit, can I do need proof that something is actually wrong (engineers report, etc) - or can I say its not for me?
    • Part of the reason for me buying this is because there is plenty room at the back and sides for an extension. I have checked the regulations around adding an extension without planning (<40msq, more than 1msq from boundary, not taller than existing house, cant reduce existing open space by less than 25msq). I wouldn't buy the house if this couldn't be added - is there anything else I should watch out for?
    • I would love to meet the neighbour to see what they are like and there won't be any issues. There is hedging between the houses and I also want to understand who does what with it. Have people on here popped over to the neighbours when sale agreed to see what they are like?
    • Is there anything else I should be checking in the house before going all in? Sorry, I am just a bit nervous now that I have gone this far!

    Thanks!



  • #11144
    tigger123
    Registered Users, Registered Users 2 Posts: 4,756 ✭✭✭tigger123


    https://www.boards.ie/discussion/comment/122159703#Comment_122159703

    I would imagine you can do another viewing, no problem at all.

    You can put the deposit down and change your mind 100 per cent, and get it back. You may find however that the next time you offer with that EA, they'll be less likely to deal with you.

    At this time of year, you would generally find people out and about in the evenings. I used to drive/cycle/walk around the area and just start chatting to people I meet to find out what the local vibe is.

    Re the neighbours, you could definitely call in, introduce yourself, and have a query about something else totally unrelated in the area (sports clubs, public transport, etc). You'll get a sense of things quick enough.

    You may want to check planning applications with local authorities around the area; also check the flood maps, again from the local authorities. They will tell you if the area is prone to flooding.

    Also, check the street name on google with the word 'court'; this could let you know about any difficulties locally.



  • #11145
    SharkMX
    Registered Users, Registered Users 2 Posts: 1,457 ✭✭✭SharkMX


    https://www.boards.ie/discussion/comment/122159952#Comment_122159952

    We were looking at a house and were about to bid on it and we said we would do a walk by the day before.

    An old man was standing at the gate of the house next door. He saw us looking at the house and he said are you thinking of buying it. We said yes and started chatting to him.

    We asked him if the house was in good condition inside and he said "Its fine. You can change anything you dont like in it, but you cant change those cnts living in the house attached to it. They are the reason <Owners name> is moving out, They have their heart broken the last few years. The council wont do anything either.".

    We never looked at that house again.



  • #11146
    RedXIV
    Registered Users, Registered Users 2, Paid Member Posts: 8,568 ✭✭✭RedXIV


    ^ This above is why its def worth having chats with neighbours if you can.

    House we ended up buying was definitely influenced by one of the nicest families I've ever met being next door. Been a joy to have as neighbours since we moved in



  • #11147
    rob316
    Registered Users, Registered Users 2 Posts: 19,464 ✭✭✭✭rob316


    Sure I have a neighbor on one side, he's a pig, hasn't cut the grass in years, growing through my fence, total lazy prick. House privately owned.

    I'm in a small old council estate, most the houses are bought up years and gone through different owners.

    Neighbour on other side is a council tenant, the nicest most considerate woman I have ever met. Her house is immaculate inside and out.



  • #11148
    SharkMX
    Registered Users, Registered Users 2 Posts: 1,457 ✭✭✭SharkMX


    https://www.boards.ie/discussion/comment/122161265#Comment_122161265

    Given the choice id prefer to have 2 good neighbors either side of me than one potential disaster artist, especially the one attached to a semi - d, so we just bailed and left it to whoever was willing to take the chance.



  • #11149
    ViperMAN
    Registered Users, Registered Users 2 Posts: 165 ✭✭ViperMAN


    https://www.boards.ie/discussion/comment/122159952#Comment_122159952

    Thanks - good tips here! Googling 'court' didn't come back with anything so next I will try to chat with the neighbours.



  • #11150
    VW 1
    Registered Users, Registered Users 2 Posts: 4,580 ✭✭✭VW 1


    Id be hesitant to let the opinion of neighbours have too much weight in the decision to buy the house or not buy it. Unless they reveal real anti social behaviour problems etc (which is usually something you could see from visiting the area on a couple of occasions) you could just get a neighbour with an issue putting you off a house.

    We bought a house with a "troublesome family" next door without speaking to neighbours but they were nothing but polite and nice to us for the 7 years we lived beside them. They'd had a troublesome kid who'd grown up and moved out before we moved in and was a pain to deal with when they visited occasionally, but the neighbours around would have advised against buying the house on the basis of that family in the adjoining house.



  • #11151
    Roberto_gas
    Registered Users, Registered Users 2 Posts: 4,886 ✭✭✭Roberto_gas


    https://www.boards.ie/discussion/comment/122162040#Comment_122162040

    yes take any info u get but dont take a decision based on what they say.



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  • #11152
    SharkMX
    Registered Users, Registered Users 2 Posts: 1,457 ✭✭✭SharkMX


    https://www.boards.ie/discussion/comment/122162040#Comment_122162040

    We were running all sorts of scenarios through our heads. Wondering did they man have a grudge. Was he telling the truth. We were only hearing from one neighbor. We only heard one side of the story.

    After weighing it all up though we decided that there is more of a chance of something being off on one side or the other here and we were just better off out of it.



  • #11153
    gaming_needs90
    Registered Users, Registered Users 2 Posts: 335 ✭✭gaming_needs90


    Don't know if anyone else has noticed this but supply has definitely popped upwards in the last two weeks. Its like sellers waited until Mid may and now they are all coming at once onto Daft.



  • #11154
    Padre_Pio
    Registered Users, Registered Users 2 Posts: 5,699 ✭✭✭Padre_Pio


    https://www.boards.ie/discussion/comment/122177988#Comment_122177988

    Maybe families looking to move while the children are off for the summer?



  • #11155
    Fitz*
    Registered Users, Registered Users 2 Posts: 17,341 ✭✭✭✭Fitz*


    https://www.boards.ie/discussion/comment/122177988#Comment_122177988

    I'm not sure of your what locations you're looking in, but I have noticed that myself.



  • #11156
    theboringfox
    Registered Users, Registered Users 2 Posts: 584 ✭✭✭theboringfox


    Houses look better in the summer weather. This should start to be the build up of supply then will collapse from September on again. Good to hear its improving



  • #11157
    Quiet Achiever
    Registered Users, Registered Users 2 Posts: 355 ✭✭Quiet Achiever


    https://www.boards.ie/discussion/comment/122178798#Comment_122178798

    Exactly.

    We held off for that reason, because our garden is spectac if i say so myself.

    Unfortunately our neighbours are not.

    So we need to draw attention to the back of the house!



  • #11158
    Rezident
    Registered Users, Registered Users 2 Posts: 1,842 ✭✭✭Rezident


    https://www.boards.ie/discussion/comment/122123243#Comment_122123243

    Yes it is worth more than normal now, as in a chain right now of course it is easy to sell but it is very difficult to buy. There is still such little supply and the little there is is moving really fast. The last place I looked at was sold before I had even got a bid in.



  • #11159
    herbalplants
    Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    https://www.boards.ie/discussion/comment/122177988#Comment_122177988

    Noticed this myself.

    It could be they are all jumping up on the higher price wagon at once.

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



  • #11160
    Hontou
    Registered Users, Registered Users 2 Posts: 322 ✭✭Hontou


    https://www.boards.ie/discussion/comment/122177988#Comment_122177988

    Yeah. I noticed it in Galway. In fact, 2 houses that were on the market in late Autumn have come back on the market in the same condition around 100,000 more each! I don't think they sold as not on the PPR. Looks like the owners pulled them off the market and are now looking for a higher price.



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  • #11161
    herbalplants
    Registered Users, Registered Users 2 Posts: 1,487 ✭✭✭herbalplants


    https://www.boards.ie/discussion/comment/122179320#Comment_122179320

    Countrywide madness here in Dublin too. Adding 100k to the same houses. Not sure how they figured out everyone can pay more.

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



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