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

cubatahavana · 20-10-2020 12:10pm

ELM327 wrote: »

If you have the deeds and own the house then they are trespassing. Pursue it via your solicitor.

I believe if both purchasers and vendors could agree final bits and pieces between themselves without involving solicitors, a lot of things would go smoother

klose · 20-10-2020 1:00pm

Got a call off the estate agent about an upcoming viewing for Thursday asking can we switch to tomorrow because viewings are not allowed for the lockdown, I thought they would be OK but obviously not

ELM327 · 20-10-2020 1:10pm

Viewings will continue during the lockdown. They did last time.
A neighbors house is for sale, just listed last week, so they are still going to have viewings I'm sure.

cnocbui · 20-10-2020 2:24pm

cubatahavana wrote: »

I believe if both purchasers and vendors could agree final bits and pieces between themselves without involving solicitors, a lot of things would go smoother

The difference in speed, cost and hassle between property transactions here and in Australia is just astonishing. €200 instead of €2000.

lindtee · 20-10-2020 7:27pm

klose wrote: »

Got a call off the estate agent about an upcoming viewing for Thursday asking can we switch to tomorrow because viewings are not allowed for the lockdown, I thought they would be OK but obviously not

Same here, had a viewing for Friday changed to tomorrow. In the case of the house I’m going to view, it’s owner occupied so I can understand why they are not going to be happening during lockdown.

stampydmonkey · 20-10-2020 7:41pm

Met 2 estate agents today in Dublin for separate viewings. Both were confident viewings would continue.

Rattlehead_ie · 20-10-2020 8:30pm

Out of interests what are ppls opinions on who does the survey of the house before you buy.
Some say architect some say engineer or even a Q.S. I have the option to get a survey from the original engineer that assisted in building the estate so thought that would be best?

michellie · 20-10-2020 8:30pm

So our house went on the market Sept 9th. Sale agreed October 8th(cash offer- investor) had an offer accepted on the house we love yesterday!!

Exciting few weeks. Now to get all our paperwork together for AIB tomorrow to get this show on the road.

Jasna1982 · 20-10-2020 8:42pm

ELM327 wrote: »

Viewings will continue during the lockdown. They did last time.
A neighbors house is for sale, just listed last week, so they are still going to have viewings I'm sure.

I don’t remember viewings being on last time. All listings online had virtual house tours. I don’t think viewings resumed until lockdown had eased

fliball123 · 20-10-2020 8:47pm

Jasna1982 wrote: »

I don’t remember viewings being on last time. All listings online had virtual house tours. I don’t think viewings resumed until lockdown had eased

There was viewings but it was staggered one househunter at a time in. Personally went to 3 separate viewings

anon_for_today · 20-10-2020 8:47pm

Rattlehead_ie wrote: »

Out of interests what are ppls opinions on who does the survey of the house before you buy.
Some say architect some say engineer or even a Q.S. I have the option to get a survey from the original engineer that assisted in building the estate so thought that would be best?

From our experience, it would very much depend on the property you're buying. Our first home was a new build, so more of a snag-type survey, with a QS we knew.

New home is old, with significant modifications made over time, so needed a QS and a Structural Engineer report to satisfy ourselves (and the bank!!) that it was a sound property

Meraf · 20-10-2020 8:58pm

Hi All,

taking into account level 5 restrictions imposed by Government do you think bank valuations and apartment / house surveys will still be allowed or going ahead ?

I have them booked in near future but not sure now if this will totally stall for 6 weeks..

Rattlehead_ie · 20-10-2020 9:43pm

anon_for_today wrote: »

From our experience, it would very much depend on the property you're buying. Our first home was a new build, so more of a snag-type survey, with a QS we knew.

New home is old, with significant modifications made over time, so needed a QS and a Structural Engineer report to satisfy ourselves (and the bank!!) that it was a sound property

Oh so you ended up getting both a QS & Structural engineer for the "pre-loved" home, interesting. Was there a lot of cross-over in the reports or do they cover off different items?

cove33 · 21-10-2020 8:30am

Meraf wrote: »

Hi All,

taking into account level 5 restrictions imposed by Government do you think bank valuations and apartment / house surveys will still be allowed or going ahead ?

I have them booked in near future but not sure now if this will totally stall for 6 weeks..

I spoke with a valuer yesterday morning and he told me they will be working as normal during Level 5 restrictions. Also spoke with the snagger I intend to use and they will also be working.

outland1985 · 21-10-2020 11:46pm

I got 2 offers on my house, 1 is asking price and the other is about 7% under so a considerable amount.

Things is the lower offer is from a cash buyer.
Higher offer is from someone who only put their on property on market yesterday.

I've already had 2 sale agreed fall through can't take another one. Would you be tempted by lower offer.? Lockdown is a major factor.

Is there anyway to make a sale agreed more solid, of course its not legally binding but can you put stipulations in that might speed up the process or demand a higher deposit?
My last sale agreed pull out on me on day of signing and walked away Scott free, I literally lost thousands and am still paying for it,

Any tips or advice

Kop On · 22-10-2020 12:20am

outland1985 wrote: »

I got 2 offers on my house, 1 is asking price and the other is about 7% under so a considerable amount.

Things is the lower offer is from a cash buyer.
Higher offer is from someone who only put their on property on market yesterday.

I've already had 2 sale agreed fall through can't take another one. Would you be tempted by lower offer.? Lockdown is a major factor.

Is there anyway to make a sale agreed more solid, of course its not legally binding but can you put stipulations in that might speed up the process or demand a higher deposit?
My last sale agreed pull out on me on day of signing and walked away Scott free, I literally lost thousands and am still paying for it,

Any tips or advice

How long is your own house on the market? Ultimately the answer to your question depends on your circumstances and how quick or not you need to sell.

We’re coming towards the end of the traditional selling season although the missed months due to COVID might extend it.

outland1985 · 22-10-2020 12:29am

Up since start of year, sale agreed in March fell through due to covid. No viewings until lockdown lifted in June, had huge interest, sale agreed start of July and was strung along for 4 months, sale fell through on day of signing. Wasted all the summer on them and was actually turning away viewings as buyer wanted "quick turn over" and was a cash buyer ðŸ€”

Now a quick sale would suit me but I'm not desperate either

ArphaRima · 22-10-2020 9:16am

outland1985 wrote: »

Up since start of year, sale agreed in March fell through due to covid. No viewings until lockdown lifted in June, had huge interest, sale agreed start of July and was strung along for 4 months, sale fell through on day of signing. Wasted all the summer on them and was actually turning away viewings as buyer wanted "quick turn over" and was a cash buyer ðŸ€”

Now a quick sale would suit me but I'm not desperate either

I'd try negotiate a slight price increase with this cash buyer, and get it done. Way too much uncertainty out there to try for the perfect outcome.

Markitron · 22-10-2020 9:47am

outland1985 wrote: »

Up since start of year, sale agreed in March fell through due to covid. No viewings until lockdown lifted in June, had huge interest, sale agreed start of July and was strung along for 4 months, sale fell through on day of signing. Wasted all the summer on them and was actually turning away viewings as buyer wanted "quick turn over" and was a cash buyer &#55356;&#56340;

Now a quick sale would suit me but I'm not desperate either

Out of pure curiosity, do you mind if I ask why the second sale fell through on signing day?

outland1985 · 22-10-2020 10:42am

Markitron wrote: »

Out of pure curiosity, do you mind if I ask why the second sale fell through on signing day?

The short answer is don't know, my gut tells me they changed their mind, or they were buying time by drawing out the sale to keep their options open. A month before closing they starting asking for things like get the septic tank emptied or get the boiler serviced which I did in good faith.
It's impossible to tell what they were thinking really buy show you people will mess you around and walk away. Has cost me thousands

awec · 22-10-2020 10:48am

ArphaRima wrote: »

I'd try negotiate a slight price increase with this cash buyer, and get it done. Way too much uncertainty out there to try for the perfect outcome.

Agreed. I'd figure out what the minimum is you're willing to accept from a cash buyer, and put it as a counter offer to the current cash buyer. Tell them you'll take it off the market right away and are ready to get the ball moving quickly if they accept.

cnocbui · 22-10-2020 12:49pm

outland1985 wrote: »

I got 2 offers on my house, 1 is asking price and the other is about 7% under so a considerable amount.

Things is the lower offer is from a cash buyer.
Higher offer is from someone who only put their on property on market yesterday.

I've already had 2 sale agreed fall through can't take another one. Would you be tempted by lower offer.? Lockdown is a major factor.

Is there anyway to make a sale agreed more solid, of course its not legally binding but can you put stipulations in that might speed up the process or demand a higher deposit?
My last sale agreed pull out on me on day of signing and walked away Scott free, I literally lost thousands and am still paying for it,

Any tips or advice

I would not be tempted by a cash buyer flipper looking to make a quick 7+% for no effort. If you are not desperate stick to your guns. Thanks for your anecdote. I hope to be putting my house on the market soon. I was already inclined to tell any potential buyers asking for work to be done to take a hike. Now it's definite. Or - Sure i'll do x,y and Z, so long as we make your deposit non-refundable.

Sweet.Science · 22-10-2020 1:06pm

Contract over with the buyer for 5 weeks . No word at all from their side since.

Time to make a few calls ?

Canyon86 · 22-10-2020 1:29pm

Im finally signing the contracts today after a long road, sale agreed since July

cant wait to get the keys in a few weeks!!!:D

fliball123 · 22-10-2020 1:30pm

outland1985 wrote: »

The short answer is don't know, my gut tells me they changed their mind, or they were buying time by drawing out the sale to keep their options open. A month before closing they starting asking for things like get the septic tank emptied or get the boiler serviced which I did in good faith.
It's impossible to tell what they were thinking really buy show you people will mess you around and walk away. Has cost me thousands

I would tell your EA to ask the cash buyer to come up or your going with the higher offer and put in clauses in place for timelines. I would be hounding your EA every day for progress on the buying for example if they have not got the 10% over to their solicitor and the loan offer signed by 6 weeks I would be threatening to pull out. Make sure the buyers have paid the money to the solicitor as then if they do pull out at least they are on the hook for solicitor fees and the solicitor will take them when giving their deposit back as they will be doing work. Nothing worse than a bill for a few grand and nothing to show for it

Limpy · 22-10-2020 1:34pm

Seen a church for sale today on the online auction. Opened at 25k sold for 115k. Borrisokane church.

cubatahavana · 22-10-2020 1:41pm

Purchasers signed contracts. Waiting to get them back, sign, and sign my loan offer and new build contracts. The ball is moving

outland1985 · 22-10-2020 1:55pm

fliball123 wrote: »

I would tell your EA to ask the cash buyer to come up or your going with the higher offer and put in clauses in place for timelines. I would be hounding your EA every day for progress on the buying for example if they have not got the 10% over to their solicitor and the loan offer signed by 6 weeks I would be threatening to pull out. Make sure the buyers have paid the money to the solicitor as then if they do pull out at least they are on the hook for solicitor fees and the solicitor will take them when giving their deposit back as they will be doing work. Nothing worse than a bill for a few grand and nothing to show for it

Thanks for that information

outland1985 · 22-10-2020 1:58pm

Sweet.Science wrote: »

Contract over with the buyer for 5 weeks . No word at all from their side since.

Time to make a few calls ?

In my experience you can't presume the ea, your solicitor, their solicitors or the buyers are doing anything in a hurry to get your sale done and contacts sign. You need to keep on everyone's back to get things done in my opinion

CarMc · 22-10-2020 8:20pm

outland1985 wrote: »

Up since start of year, sale agreed in March fell through due to covid. No viewings until lockdown lifted in June, had huge interest, sale agreed start of July and was strung along for 4 months, sale fell through on day of signing. Wasted all the summer on them and was actually turning away viewings as buyer wanted "quick turn over" and was a cash buyer &#55356;&#56340;

Now a quick sale would suit me but I'm not desperate either

So it was a cash buyer who messed you about last time?

I wouldn't jump at it if I was you.

Cash buyers aren't always quicker.

You've had an unfortunate run of luck with your last two buyers but there is no safe bet. I just recently closed a sale & purchase and when we were house hunting & bidding a lot of sellers turned us away in favour of first time buyers as they didn't want a chain. I know one of those houses is yet to close (it's around the corner from my new house that I'm now closed and living in) and another popped up back on the market this week.

If I was you I'd go with the highest bidder and hope for the best (again!). Anyone who offers asking price is a serious buyer in my opinion.

outland1985 · 22-10-2020 8:29pm

CarMc wrote: »

So it was a cash buyer who messed you about last time?

I wouldn't jump at it if I was you.

Cash buyers aren't always quicker.

You've had an unfortunate run of luck with your last two buyers but there is no safe bet. I just recently closed a sale & purchase and when we were house hunting & bidding a lot of sellers turned us away in favour of first time buyers as they didn't want a chain. I know one of those houses is yet to close (it's around the corner from my new house that I'm now closed and living in) and another popped up back on the market this week.

If I was you I'd go with the highest bidder and hope for the best (again!). Anyone who offers asking price is a serious buyer in my opinion.

Thanks food for thought there, 3rd time lucky I hope!!!

RANIA · 23-10-2020 12:53am

I am perplexed, we have no closing date just 3 weeks from initial signing is what vendors said in contract
My bank wants me to arrange House and life insurance how do I do that without a date?

fliball123 · 23-10-2020 10:03am

RANIA wrote: »

I am perplexed, we have no closing date just 3 weeks from initial signing is what vendors said in contract
My bank wants me to arrange House and life insurance how do I do that without a date?

What to do is go with the banks designated life insurance team/group they always have one. It may be slightly dearer but you can change in 12 months time. But they will be in the loop with the draw down dates from the bank and that stress is taken off as the bank will push that at the right time for you. You can set it up and it will be ready to go when you need it. Home insurance when you go for it pick a closing date and you have to do this anyway but let them know its not set in stone so if and when you know the date is moving its a simple phone call to stall the home insurance until you close

Leozord · 23-10-2020 12:21pm

contracts arrived today for me to be signed, hopefully once it gets back to my solicitor it will be a matter of weeks to get the keys

Green Mile · 23-10-2020 7:01pm

michellie wrote: »

So our house went on the market Sept 9th. Sale agreed October 8th(cash offer- investor) had an offer accepted on the house we love yesterday!!

Exciting few weeks. Now to get all our paperwork together for AIB tomorrow to get this show on the road.

Can I ask, did your house sell for more than the asking price and did you have to bid over the asking price for the new house?

This is a fear of mine when I get the show on the road. I’m worried I won’t get the asking price for my house and I’ll get outbidded on the houses I like.

Newdawn11 · 23-10-2020 8:01pm

Green Mile wrote: »

Can I ask, did your house sell for more than the asking price and did you have to bid over the asking price for the new house?

This is a fear of mine when I get the show on the road. I’m worried I won’t get the asking price for my house and I’ll get outbidded on the houses I like.

We have just done same. Signing contracts next week. We sold for just under asking price and bought for under as well.

cubatahavana · 23-10-2020 8:48pm

Newdawn11 wrote: »

We have just done same. Signing contracts next week. We sold for just under asking price and bought for under as well.

Signing contracts next week (purchasers already signed and we’re waiting to get them back). Sold apartment for a little over asking price (less than 10%)

IKKI · 24-10-2020 3:11pm

So, getting a new build. Signing contracts very soon. Developer agreed to place tiles in kitchen and then fit kitchen once contracts are signed. That suited us fantastically.

Today we were just driving by the development, after going to buy floors for the rest of the house (permitted by level 5, just in case anyone says otherwise) and we stopped to have a quick look. Surprise surprise, the kitchen was already fitted (no tiles, of course, so our tiles will have to be placed not all over the floor, but only where there is no appliances/island). On top of that, we were given a choice of cabinet colors/finishes and they just installed the wrong ones.

What would you do?

jrosen · 24-10-2020 3:27pm

IKKI wrote: »

So, getting a new build. Signing contracts very soon. Developer agreed to place tiles in kitchen and then fit kitchen once contracts are signed. That suited us fantastically.

Today we were just driving by the development, after going to buy floors for the rest of the house (permitted by level 5, just in case anyone says otherwise) and we stopped to have a quick look. Surprise surprise, the kitchen was already fitted (no tiles, of course, so our tiles will have to be placed not all over the floor, but only where there is no appliances/island). On top of that, we were given a choice of cabinet colors/finishes and they just installed the wrong ones.

What would you do?

Tiles - not much you can do if the kitchen is in. Was the builder supplying floor tiles or were you?

If you were given a choice of colors and they have put the wrong ones in then you should raise this as soon as possible so they can change them.

michellie · 24-10-2020 3:30pm

Green Mile wrote: »

Can I ask, did your house sell for more than the asking price and did you have to bid over the asking price for the new house?

This is a fear of mine when I get the show on the road. I’m worried I won’t get the asking price for my house and I’ll get outbidded on the houses I like.

We accepted 2k under our asking price. Our purchasers are cash buyers.

We bought the new house 5k over the selling price - there was another couple bidding against us. The people in the new house are moving back to their home country(china) next month.

IKKI · 24-10-2020 3:59pm

jrosen wrote: »

Tiles - not much you can do if the kitchen is in. Was the builder supplying floor tiles or were you?

If you were given a choice of colors and they have put the wrong ones in then you should raise this as soon as possible so they can change them.

We had a flooring allowance. They were offering engineered flooring but we asked if we could change it for our own supplied tiles and they accepted. Regarding the colors, the kitchen is already in, so I doubt that much can be done. They are supposed to be hand painted, but I assumed that the painting would happen before installing?

jrosen · 24-10-2020 4:04pm

IKKI wrote: »

We had a flooring allowance. They were offering engineered flooring but we asked if we could change it for our own supplied tiles and they accepted. Regarding the colors, the kitchen is already in, so I doubt that much can be done. They are supposed to be hand painted, but I assumed that the painting would happen before installing?

Have they the tiles already?

You need to push back, you may not be able to get under the cabinets floored like you had wanted but you can absolutely get the cabinet doors your wanted and have requested.

IKKI · 24-10-2020 4:18pm

jrosen wrote: »

Have they the tiles already?

You need to push back, you may not be able to get under the cabinets floored like you had wanted but you can absolutely get the cabinet doors your wanted and have requested.

Tiles are not in yet, as we were told that they’d be installed before the kitchen, once contracts were signed (they’re not signed yet). We were going to schedule the delivery once contracts were signed. It’s not only cabinets, the whole island was supposed to be one color and the cabinets a different one. Kitchen appliances are in already as well.

My fear is that they may say, well, you don’t like it, don’t sign. I was thinking to wait to mention it until contracts are exchanged.

jrosen · 24-10-2020 4:28pm

IKKI wrote: »

Tiles are not in yet, as we were told that they’d be installed before the kitchen, once contracts were signed (they’re not signed yet). We were going to schedule the delivery once contracts were signed. It’s not only cabinets, the whole island was supposed to be one color and the cabinets a different one. Kitchen appliances are in already as well.

My fear is that they may say, well, you don’t like it, don’t sign. I was thinking to wait to mention it until contracts are exchanged.

Sounds like it would be a bit of a pain for the builder tbh. The kitchen guys typically hit one house after the other. To skip your house, to wait for signing and then come back is awkward.
Is it possible the units are just placed on the bottom and not actually fixed?

There is no point waiting, the longer you wait the less likely you will be get a resolve.
Have your solicitor reach out and get an update, even get your hands on the number for the foreman on site.

Ive just seen the house across from me have their pantry press re done as they had requested it the same colour as the other wall cabinets and it wasnt. Now they proceeded and signed and obviously trusted that it would be changed.

I am more of a skeptic and think once your locked in your less likely to be accommodated.

IKKI · 24-10-2020 4:33pm

jrosen wrote: »

Sounds like it would be a bit of a pain for the builder tbh. The kitchen guys typically hit one house after the other. To skip your house, to wait for signing and then come back is awkward.
Is it possible the units are just placed on the bottom and not actually fixed?

There is no point waiting, the longer you wait the less likely you will be get a resolve.
Have your solicitor reach out and get an update, even get your hands on the number for the foreman on site.

Ive just seen the house across from me have their pantry press re done as they had requested it the same colour as the other wall cabinets and it wasnt. Now they proceeded and signed and obviously trusted that it would be changed.

I am more of a skeptic and think once your locked in your less likely to be accommodated.

I didn’t think about involving the solicitor, as nothing like that is fixed in the contract. I was going to email the estate agent in charge

jrosen · 24-10-2020 5:29pm

IKKI wrote: »

I didn’t think about involving the solicitor, as nothing like that is fixed in the contract. I was going to email the estate agent in charge

You have one though right? Does your contract not state the floor and colour choices?
Try the EA but usually they are pretty useless

IKKI · 24-10-2020 6:04pm

jrosen wrote: »

You have one though right? Does your contract not state the floor and colour choices?
Try the EA but usually they are pretty useless

Yes, have the contract ready to be signed. I will try the solicitor on Tuesday, let’s see what he recommends. To be honest, the color of the cabinets is not super important, and having the kitchen fitted already means less waiting and being able to move probably before Christmas, which it would be a huge improvement. What bothers us the most is that the tiles are not going to be placed under the cabinets, and this was specifically agreed (verbally, though) with the foreman

hi! · 24-10-2020 7:01pm

Viewed one house we like at the max of our approval- called to make offer and was told we should find out what the ‘sellers want to take it off the market’. They never even asked our bid. Presume that means they are expecting more than asking price.....

Fantomas9mm · 24-10-2020 7:37pm

Me and my bro were left a house by an uncle who passed away that never married .

It’s worth approx 90k and we intend to sell it.

If I get 45k, how much tax can I expect to pay on that ?

Thanks

Glory83 · 24-10-2020 7:49pm

Sale fell through beacuse vendor refused to provide certified instrument document which should be standard. The property is now back on daft number 56 in Little Island. So be warned guys before losing money during the process and without mentioning the stress of getting loan offer. Even the auctioneer rep refused to work on this sale becuase of its dodginess.

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

Comments