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House purchase without Auctioneer.

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  • 19-08-2014 4:28pm
    #1
    murph226
    Registered Users Posts: 1,385 ✭✭✭


    I got news today that a house nearby will be for sale soon and the owner wants a private sale without an Auctioneer.

    Whats the procedure for a sale like this, is it all done through your solicitors once a price is agreed and the mortgage is secured?

    Anything advice greatly appreciated.


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    #2
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,505 Mod ✭✭✭✭johnnyskeleton


    murph226 wrote: »
    I got news today that a house nearby will be for sale soon and the owner wants a private sale without an Auctioneer.

    Whats the procedure for a sale like this, is it all done through your solicitors once a price is agreed and the mortgage is secured?

    Anything advice greatly appreciated.

    Dont pay a booking deposit directly to the vendor. Pay it to either his solicitor or, preferably put it in escrow.


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    #3
    Maximus_1
    Registered Users Posts: 194 ✭✭Maximus_1


    Yes I did the same last year. Get the solicitors to handle all of the finance end of things like you have said. We had everything done and keys in hand after a month so worked out fine.


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    #4
    Mrs OBumble
    Registered Users Posts: 25,966 ✭✭✭✭Mrs OBumble


    Are you hoping to buy the house?

    Does the vendor want to sell it to you?

    Is there a price agreed? If not, then how will negotiations be handled if there's no estate-agent (I guess that's what you mean by "auctioneer") to act as the go-between? There's no single answer to this - you need to make up the process that works for you. (You might be just about to fnd out why estate-agents are something worth their while.)


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    #5
    murph226
    Registered Users Posts: 1,385 ✭✭✭murph226


    Yes I'm hoping to buy the house and I'm pretty sure the vendor wants to sell it to me.

    No price agreed yet, I suppose I will find out if Auctioneers/Estate Agents are worth their over the next week or two.


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    #6
    TheDriver
    Registered Users Posts: 12,514 ✭✭✭✭TheDriver


    I sold my gaff privately, person came to look, offered money, negotiated with no bull and we all came to a happy place in the middle. THey never paid a deposit because being honest, its worth nothing and I was happy to have someone buying (its not Dublin.....)


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    #7
    murph226
    Registered Users Posts: 1,385 ✭✭✭murph226


    Bit of an update, my offer was accepted the week before last, solicitors are sorting out the paperwork at the moment.

    Similar to TheDriver, I viewed the house, was told the asking price, made my offer, bit of toing and froing and we met in the middle.

    No requirement for an Auctioneer/Estate Agent here.


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    #8
    alibab
    Registered Users Posts: 678 ✭✭✭alibab


    I bought mine private sale negotiated with seller came to a price we were both happy with . They had the house valued so we both knew what it was worth and went from there . I am signing contracts today after about 8 weeks but that was just solicitors being a bit slow etc but no issues. Didn't pay a deposit solicitor handled all finances


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