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Buying property from auction advice

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  • 02-04-2014 9:24am
    #1
    tonic wine
    Registered Users Posts: 1,099 ✭✭✭


    I'm very interested in a property going for auction in a couple of weeks.

    What should I get done in advance of the auction. I'm already mortgage approved for the property I'm looking at. I'm getting a valuation and structural report carried out. Anything else?

    How much should it cost to get a solicitor to look over draft contracts?


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    #2
    Woodville56
    Closed Accounts Posts: 1,643 ✭✭✭Woodville56


    tonic wine wrote: »
    I'm very interested in a property going for auction in a couple of weeks.

    What should I get done in advance of the auction. I'm already mortgage approved for the property I'm looking at. I'm getting a valuation and structural report carried out. Anything else?

    How much should it cost to get a solicitor to look over draft contracts?

    Depends on where you are on the country but from personal experience conveyancing fees can be anywhere in the region of €900 - €1500 + vat. Best advice is shop around , get a few solicitors quotes for the conveyancing etc. Also, beware that cheapest may not be best in the long run - can any friends etc recommend efficient and thorough solicitors practices that you could approach for quotes ?
    There will also be miscellaneous land registry fees etc - solr can advise you on these standard expense items. Good luck at the auction - keep us informed here how you get on and if you're successful !


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