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

lcarrol3 wrote: »

I'd really appreciate if you could keep us posted if this pulls through - we're drawing down with Ulster next week!

Was told funds were released to purchasers solicitor today, so no delays

squareboy007 wrote: »

Could you let us know when UB had all the documents required for drawdown? Thanks

I think the EA said that they submitted everything 2 weeks ago. Don’t know when they requested it though

cubatahavana wrote: »

Was told funds were released to purchasers solicitor today, so no delays

Amazing!! We got our finalised loan offer today and they've sent offer on the wrong house... So hopefully this won't set us back too far :pac:

Pink11 wrote: »

Once you have funds released, solicitor confirms its closed etc - what happens then? When do you actually get the keys typically?

I closed last monday timeline as follows

10:00 pre inspection on house to make sure all OK
I rang solicitor after and said to release funds onwards

Got the keys at lunch

We requested funds about a week and half ago from Ulster Bank. Funds are being released today so hoping to close Monday as owners need the weekend to clear out the property. It will be a long weekend! But delighted to be at the finished line especially to work on the house over Christmas break.

Quick one for someone who might be in the know. We are awaiting loan offer with a view to signing contracts before Christmas. We're also due to be married on Dec 23rd (Though I've said that twice before this year and Covid has proven me wrong).

My question is, are we better to wait and sign the contracts after we're married on Dec 23rd/24th, or does it make any difference? The mortgage will be in both our names.

Thanks in advance, and apologies if this is the wrong thread, I've just interacted with many here and it has proven a very useful thread in a number of areas

mimimcmc wrote: »

We're sale agreed since the 4th of August, been so much delaying (on the sellers side) even though the sellers wanted a quick sale as we're in a chain...
Waiting now for them to get builders in to fix an issue that arose in the engineers report.
It's been 3 weeks now since we heard anything from the estate agent.
But we're willing to hold out because it ticks all our boxes.

As i said ^ ours does too, so we'll hold tight and hope for the best

Update on this:

Absolutely gutted, the sellers have pulled the sale.

The issue in the engineers report was an unstructrually sound extension (probably built it themselves :rolleyes: )
Initially they said they wouldn't be fixing it, but they got a quote for the job and it would be 5k to fix but only give us 3k off the price of the house. We said no. They then said they would fix it.
It took 7 weeks to get a builder in, they didn't get the job done to the standard of our engineer and he wouldn't sign off on it - that happened on Tuesday.
We asked for pics of the finished job, EA said it might be best to organise another viewing, a few hours later got a call from EA to say they won't sell to us anymore, they are pissed off with the way things have gone. Even though they were ones who wanted a quick sale but kept delaying and pissing us off :mad:

Absolutely gutted to have wasted 5 months on this and the money!
But mostly gutted that we won't be getting that house, it really ticked all our boxes

mimimcmc wrote: »

Update on this:

Absolutely gutted, the sellers have pulled the sale.

The issue in the engineers report was an unstructrually sound extension (probably built it themselves :rolleyes: )
Initially they said they wouldn't be fixing it, but they got a quote for the job and it would be 5k to fix but only give us 3k off the price of the house. We said no. They then said they would fix it.
It took 7 weeks to get a builder in, they didn't get the job done to the standard of our engineer and he wouldn't sign off on it - that happened on Tuesday.
We asked for pics of the finished job, EA said it might be best to organise another viewing, a few hours later got a call from EA to say they won't sell to us anymore, they are pissed off with the way things have gone. Even though they were ones who wanted a quick sale but kept delaying and pissing us off :mad:

Absolutely gutted to have wasted 5 months on this and the money!
But mostly gutted that we won't be getting that house, it really ticked all our boxes

A bit late now but if the house really ticked all your boxes did you consider
Getting your own estimate to have the remedial work done to a high standard
Come to an agreement on price considering the work that needed to be done ,even a 50-50 split
Buy the house and then have the work done
Shame to miss out on an ideal house for the sake of a few thousand

brisan wrote: »

A bit late now but if the house really ticked all your boxes did you consider
Getting your own estimate to have the remedial work done to a high standard
Come to an agreement on price considering the work that needed to be done ,even a 50-50 split
Buy the house and then have the work done
Shame to miss out on an ideal house for the sake of a few thousand

Yes, we of course considered this.
They won't budge on the price or paying 50/50.
We weren't even given the option to say we'll fix the rest of it.

mimimcmc wrote: »

Yes, we of course considered this.
They won't budge on the price or paying 50/50.
We weren't even given the option to say we'll fix the rest of it.

They knocked 3k off the price you said
How much would it have taken to get the job done properly
Were you at max budget ?

brisan wrote: »

As I said in the post above

Seems like the most sensible solution

Yes, but I replied from the previous page without seeing yours.

mimimcmc wrote: »

Maybe i wasn't clear enough on this.
When the issue came up, we did ask engineer for an estimate, he didn't want to give an estimate but said it could cost 5k, 10k or more, that we'd have to get a builder in. The sellers in the mean time got a builder to quote, said it was 5k but would only give us 3k off the house. Then changed their minds and said they would fix it but as I said it wasn't to our engineers spec.
We were then gonna look at other avenues but weren't given the opportunity to

Would the vendors have allowed you to get your own builder in to price it
Even knocking 3k off the price .if the house ticked all the boxes would an extra 7-10k been all that bad
Not saying you were right or wrong but maybe if the same issue arises on your next house you will be open to more flexible ways around the problem
The vendors have spent 5k that they had not planned to in order to sell the house and yet it did not sell
For peace of mind you are always better off getting the work done yourself
The vendor had no real value in getting the job done properly,
in his eyes he done as little as possible to get the house sold

mimimcmc wrote: »

Maybe i wasn't clear enough on this.
When the issue came up, we did ask engineer for an estimate, he didn't want to give an estimate but said it could cost 5k, 10k or more, that we'd have to get a builder in. The sellers in the mean time got a builder to quote, said it was 5k but would only give us 3k off the house. Then changed their minds and said they would fix it but as I said it wasn't to our engineers spec.
We were then gonna look at other avenues but weren't given the opportunity to

You were clear enough originally. The sellers wanted a quick sale. The fastest route was for you to take the property as is and then fix the problem. That would have satisfied the sellers interest.

Whn I bough my current house, the engineer wasn't happy about some cracks in the walls. The seller really wanted a quick sale and I wanted to keep the seller on side. Since every house I have ever lived in has had defects, I told the engineer to write a caveat mentioning the cracks and doubts and absolving himself from any comeback from me if they caused issues later. Job done. Seller got his quick sale, I got the house I wanted and as I expeted, 18 years later, the cracks are still there, haven't budged and haven't been an issue apart from the trivial issue of seeping epoxy resin into them and sealing them shortly after I took posession.

For what it's worth mimimcmc, sounds like a bit of an odd situation and you might be better off out of it.
Bought my first house recently and while we were lucky, there were still thousands of points they could have pulled the sale even if you'd all agreed to the work being done. Even more of your time could have been wasted.
The housing market isn't slowing down too much as far as I can see- maybe they just decided to pull this sale, get the house sorted (or decide to sell exactly as is) and take advantage of the fact that houses are still selling like hotcakes.
It's really awful for you. The way they went about it sounds crappy and a bit shady to be honest.
Fingers crossed you might see something else you like soon.

dev_ire wrote: »

The process of buying a home is so ridiculous in Ireland, I see people try and justify it but it is bonkers.
Banks are relatively easy and quick to respond/action, even same with most estate agents and the insurances were easy but the solicitors are just slow and I don't except the "busy" argument if you are too busy you took on too much work - they need to embrace technology to speed things up.

Technology - bingo.

The land registry is a good example - Apparently, their office is still mostly paper. So when a sellers solicitor requests mandatory docs, they are physical pieces of paper in a warehouse somewhere in Dublin. Absolutely ridiculous. Current turn-around times are approx. 4-6 weeks, pair that with slow solicitor sitting on their thumb, and requesting it *months* after sale agreed, we find ourselves still without a house and no closer to contracts, despite going sale agreed on August 5th.
We are stressed and mentally exhausted from the process. Physically run down too! We've had to get the property revalued by the bank, and also our mortgage loan offer expired, which we also had to get extended. We've accepted the fact we won't be in before Christmas, but we'd be able to enjoy Christmas ALOT better, if we at least had a date in place.