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

Im waiting on probate it will be 6 months this week. Hopefully it won’t take too much longer.

Was it a one year lease? There are different rules during the fixed term compared to part 4.

Do you mean there was no term in the contract? If it said it was for a year, for example, then there are different rules if you leave within the year than if you had been there more than 1 year. It’s not a lot of extra effort for you but you really should do it right. You can assign the lease to somebody else (with LL’s permission) or if they don’t want that you have the right to leave. You can’t just give notice and leave without assigning the lease if that’s the landlord’s preferred option. If you do that she has the right to keep the deposit.

Threshold will take a look at the lease for you and advise.

buyer had survey last week. No issues and only thing was removal of white goods. Expected close is early June. First time buyer so no chain. Cannot wait

It's over a week now since we put in our bid at 5k over asking. No counter offer from under bidder. Estate agent not giving any information. Can't get thought out of my head that we are being played. Property has been on the market for a while now. I think that they are hanging on as long as possible in the hope of a new bidder.

Somebody is getting greedy. Not sure if it's EA or owner. Going to give an ultimatum on Friday if no progress.

We are viewing two other properties Friday so it won't be an idle threat.

Are we doing the right thing?

Hi all - sale agreed on a doer upper that needs a lot of work. Our approval is through Dublin City Council (Local Authority Home Loan) and we are nervous that it will be rejected due to work required (we can afford a lot of it but not everything outlined in the surveyor's report). We got onto a broker incase the council loan does fall through & he said that the banks would be the very same & need to see fully costed works required & ability to pay for same via your own money (no loans). Is this right? I cannot believe that in a country with housing issues like our, you can no longer buy a doer upper unless you can do it up immediately?

Really depends on what it needs. Is it derelict? Or were there people living in it but it’s a bit dated and needs insulation, rewiring etc? If it’s habitable you should be fine. If you couldn’t actually live in it in its current state (as opposed to wouldn’t like to), then you have a problem. Generally surveyor’s reports make things seem worse than they are.

https://marwoodsurveyors.com/what-is-the-difference-between-a-building-survey-and-a-structural-survey/

Hey could anyone recommend a broker in Dublin? Preferably as close to the City Centre as possible. TIA

Seems like a lot of housing estates are nearing completion, any sign of the property market cooling, or are things as mental as ever?

We are in same position as yourself - house in north-west but have secured jobs in Dublin and want to move. Mortgage paid off but will need to take out another - if we can even do that- have you thought about renting for a period of time?

Thought about renting. Two problems- rental market is arguably even worse. Nothing available except the odd dump for exorbitant rents.

Second, house price inflation so high that your budget shrinks relative to market and your ability to continue saving is severely compromised.

Right now we are in a bidding war for a house that is just perfect for us. Initially in a bidding war with first time buyers. Managed to outbid them by going 5k over asking. Thought we had it. Then last minute a new bidder enters, FFS.....

They come in at 10k over us, trying to scare us away. Seriously considered pulling out but we love the place. So said we'd give it one last go, went in another 8k thinking that would force their hand. The way we thought about the bid was high enough to bring it to a conclusion. If their budget is big, they will follow with another big bid and blow us out of the water, or they will pull out thinking it's too expensive.

But of course they did neither to mess with our heads even more. They came back just 2k over us. What does that bid mean? Right at top of budget?

We are already at the limits of what we can afford right now. Although we have mortgage approval for a lot less than we can in theory afford. We are already in the process of getting an increase but it's not approved yet.

There is a cheaper option that we like but location is not as good. Reason for moving is convenience, so finding it difficult to bail out and go for this instead.

Feck all else out there. Trying not to stress out but the clock is ticking. We are sale agreed a few weeks now and need to get into a new house by September. Otherwise kids college accommodation gets really messy and expensive.

What to do.....

Can’t endorse this strongly enough. There’s no magic formula.

I dont see the point in calling them out, its a sellers market and the agent isn't stuck for buyers.