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

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Comments

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    #5102
    Gael23
    Registered Users Posts: 12,086 ✭✭✭✭Gael23


    Is under offer not the same as sale agreed?


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    #5103
    Bitconfused
    Registered Users Posts: 94 ✭✭Bitconfused


    Gael23 wrote: »
    Is under offer not the same as sale agreed?

    Yes , I would have thought that but if sale agreed what's the reason for the ad to stay up?


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    #5104
    Milena009
    Registered Users Posts: 133 ✭✭Milena009


    Bitconfused wrote: »
    Yes , I would have thought that but if sale agreed what's the reason for the ad to stay up?

    It happens a lot.
    I think it's a convenience thing for EA if the sale does fall through


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    #5105
    bilbot79
    Registered Users Posts: 1,980 ✭✭✭bilbot79


    Sale agreed I think is when the booking deposit is paid. Under offer must be the period between agreement and payment of that deposit?


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    #5106
    Gael23
    Registered Users Posts: 12,086 ✭✭✭✭Gael23


    If you buy a house based on a virtual tour are you allowed to get an engineers report done with level 5?


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    #5107
    cojomo2
    Registered Users Posts: 3,214 ✭✭✭cojomo2


    Gael23 wrote: »
    If you buy a house based on a virtual tour are you allowed to get an engineers report done with level 5?

    Yes


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    #5108
    poker--addict
    Registered Users Posts: 1,702 ✭✭✭poker--addict


    Do you get a cooling off period like other internet purchases? :-)

    😎



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    #5109
    Gael23
    Registered Users Posts: 12,086 ✭✭✭✭Gael23


    poker--addict wrote: »
    Do you get a cooling off period like other internet purchases? :-)

    You can pull out up to the point contracts are signed


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    #5110
    hi!
    Registered Users Posts: 130 ✭✭hi!


    givyjoe wrote: »
    And the madness continues.. https://www.sherryfitz.ie/buy/house/kildare/maynooth/98-carton-court-maynooth-co-kildare-829058
    Asking was 320k, 10 active bidders it's now up to 375k.

    The EA was clever and put that up way undervalue. They wanted a bidding war. Was interested in the house but didn’t even bother getting involved cause knew that would happen. A good quality four bed in maynooth for 320?? As soon as I saw the ad I thought it was an error and meant to be 420. The EA know what they are doing. Will prob get to 420 & now they can say houses are selling 100k over asking.


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    #5111
    hi!
    Registered Users Posts: 130 ✭✭hi!


    MattS1 wrote: »
    Exactly, nearly a 5 bed so should be 450kish. What's it at now?

    Not sure think you have to be bidding on it to be able to see current highest bid


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    #5112
    NewClareman
    Registered Users Posts: 1,436 ✭✭✭NewClareman


    Gael23 wrote: »
    Is under offer not the same as sale agreed?

    Under offer means that an offer has been made but that further offers are still welcome. Sale agreed means that an offer has been accepted.


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    #5113
    NewClareman
    Registered Users Posts: 1,436 ✭✭✭NewClareman


    jetfiremuck wrote: »
    Only fear in all this is the seller is not legally bound to sell you the house until the contracts are signed by both parties.

    It happened on one deal we did. Seller was getting ancy and had other offers contacted directly. It was his solicitor that was dragging his feet. got the property but was so anxious.

    It happened us, many years ago, on a rising market. Seller held on to contract for four months and then pulled out. In theory I could have sued the seller for specific performance. In practice, I couldn't find one case where the seller was successfully sued, to force completion. I estimate it cost us about €20k.

    next time I got my solicitor to insert a clause, before I signed. It stated that the contract would lapse if not signed by the vendor, within 3 weeks of us signing. The solicitor had never heard of such a clause, and was reluctant to insert it.


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    #5114
    Littleredcar
    Registered Users Posts: 184 ✭✭Littleredcar


    optogirl wrote: »
    We have AIP from DCC for the Rebuilding Ireland Home Loan but the clock is ticking now. It's up in March - I had to get TDs involved to get a 3 month extension but basically if we haven't found a house by June we're fooked. Everything we've bid on so far has gone way over asking. We're renting with 2 kids so we need the house to be livable while we do it up and there's not much out there that isn't way over our budget. It's so frustrating.

    What area are you looking for


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    #5115
    optogirl
    Registered Users Posts: 2,975 ✭✭✭optogirl


    Littleredcar wrote: »
    What area are you looking for

    Dublin 7 ideally. We have babysitters on tap and kids very happy in school so would be very reluctant to uproot them.. (eldest has Aspergers and the school are fantastic).


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    #5116
    Littleredcar
    Registered Users Posts: 184 ✭✭Littleredcar


    Littleredcar wrote: »
    What area are you looking for

    Similar situation with kids
    Good luck I hope you find somewhere


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    #5117
    Claw Hammer
    Registered Users Posts: 6,160 ✭✭✭Claw Hammer


    There is probably no more sought after area than Dublin 7 at the moment. Near town, 2 luas lines, varied social mix, the Phoenix park etc.


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    #5118
    optogirl
    Registered Users Posts: 2,975 ✭✭✭optogirl


    Claw Hammer wrote: »
    There is probably no more sought after area than Dublin 7 at the moment. Near town, 2 luas lines, varied social mix, the Phoenix park etc.

    Yep. Have always lived in D7 (when in Ireland). Born and reared here and have 12 relatives who can babysit within walking distance so very much want to stay. Beginning to realise I might be renting forever though.


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    #5119
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    Claw Hammer wrote: »
    There is probably no more sought after area than Dublin 7 at the moment. Near town, 2 luas lines, varied social mix, the Phoenix park etc.

    It's amazing actually, I moved in four and a half years ago, having last lived in Dublin 7 over 23 years ago. It seems to be getting more popular all the time.


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    #5120
    GrumPy
    Registered Users Posts: 6,557 ✭✭✭GrumPy


    We finally got our keys at 18:00 on Friday. Sale agreed since August 5th... bitter sweet really, we we're stressed right up until the buzzer. There was a good chance it would have pushed to Monday, and we were desperate to finally just get in and have the weekend to move. I had to pull out all the stops to make it happen, including contacting the seller directly, and there was last minute paperwork issues in the final hour, like at 16:00 on planned close day!

    Lessons Learned:
    - checkin with agent more regularly at the start
    - engage the land registry (if required) ASAP
    - *never* give up hope


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    #5121
    cubatahavana
    Registered Users Posts: 990 ✭✭✭cubatahavana


    GrumPy wrote: »
    We finally got our keys at 18:00 on Friday. Sale agreed since August 5th... bitter sweet really, we we're stressed right up until the buzzer. There was a good chance it would have pushed to Monday, and we were desperate to finally just get in and have the weekend to move. I had to pull out all the stops to make it happen, including contacting the seller directly, and there was last minute paperwork issues in the final hour, like at 16:00 on planned close day!

    Lessons Learned:
    - checkin with agent more regularly at the start
    - engage the land registry (if required) ASAP
    - *never* give up hope

    Congrats!!!


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    #5122
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I just had a place fall through at the last second after six months so I'm back to square one.


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    #5123
    Sweetaure
    Registered Users Posts: 58 ✭✭Sweetaure


    [Deleted User] wrote: »
    I just had a place fall through at the last second after six months so I'm back to square one.

    What happened? Are you buying or selling?


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    #5124
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Sweetaure wrote: »
    What happened? Are you buying or selling?

    Buying. It was an issue with the management company and fire certification. I dunno, maybe I dodged a bullet.


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    #5125
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    GrumPy wrote:
    We finally got our keys at 18:00 on Friday. Sale agreed since August 5th... bitter sweet really, we we're stressed right up until the buzzer. There was a good chance it would have pushed to Monday, and we were desperate to finally just get in and have the weekend to move. I had to pull out all the stops to make it happen, including contacting the seller directly, and there was last minute paperwork issues in the final hour, like at 16:00 on planned close day!


    Congratulations Grumpy! Been genuinely waiting to see this post having been sale agreed since a similar time and sharing some comments with you over the past few months. The relief is indescribable isn't it, enjoy your new home it's been well earned at this stage!


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    #5126
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    Deleted User wrote:
    I just had a place fall through at the last second after six months so I'm back to square one.


    Oh jesus that's terrible, sorry to hear that


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    #5127
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Cash_Q wrote: »
    Oh jesus that's terrible, sorry to hear that

    Yeah, and there's not much on the market right now.


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    #5128
    r93kaey5p2izun
    Closed Accounts Posts: 3,962 ✭✭✭r93kaey5p2izun


    Deleted User wrote: »
    I just had a place fall through at the last second after six months so I'm back to square one.

    What a pain, but sounds like you dodged a bullet maybe. Though this is an awful time to be back on the market! Good luck!

    I'm technically 18 months into a purchase now!! :pac: :pac: A long drawn out saga made worse by Covid and an estate agent I will never deal with again. In reality I am viewing and bidding again for last 8 months but the market is awful and I hate the whole process!


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    #5129
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    MattS1 wrote: »
    Exactly, nearly a 5 bed so should be 450kish. What's it at now?

    Are you both out of your minds?! Seriously lads, you need to do some more research if you're going to be bidding on houses. They were not seriously under valued. The final price was 385k, which as I keep telling you, is a premium due to the lack of supply. It's maynooth, not d4!


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    #5130
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    MattS1 wrote: »
    If it went for 385k then it was 65k undervalued...new 4 beds in Maynooth are 415k so 385k is a good value.

    New beds? So not a 30 year old houses then? You just said in your last post it was worth 450k?! Have you even looked at the previous prices for this estate? The last sale in the estate was October 2020, same style house and it sold for 322k.

    Actually hang on, I've just re-read your post and it makes even less sense now. You believe this is worth 450k, but a new 4 bed in Maynooth is 415k. Fair play to those builders for selling under value!


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    #5131
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    MattS1 wrote: »
    New builds obviously. Well it's basically a 5 bed so over 415k could be expected.

    There's 3 beds in Moyglare Hall going for 390/400k 2nd hand but those are A rated.

    Mate, I really dont want to labour the point as I'm sure no one want's to see an endless back and forth, but honestly, this isn't correct at all. The houses on this estate have not been near this price and as I mentioned previously, the last sale done and dusted on the property register was 322k. The reason I keep coming back is someone else who might be interested in the area and not familiar with it, would be put off by posters confidently stating it's worth the values you're suggesting. I know I might have been.

    They're not at that value and haven't got near it (with one exception in 10 years), even with the premium bids due to the lack of supply. They're may be other 4 bed estates in Maynooth that price is applicable to, Carton Court isn't one of them. Agents can and do set an enticing price to generate interest, but they don't set them at 320k, 95/130k below what they expect to get.


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