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Buying a property as cash buyers?

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  • 06-05-2015 7:22pm
    #1
    irishivan
    Registered Users Posts: 20 ✭


    hi all

    we are looking to buy a property in galway as overseas cash buyers and have seen a property we like. its just come on the market.
    the house is listed for sale by private treaty by the receivers (this means the bank right?).
    it is in need of a lot of work and looks like someone had started some renovations.
    we have contacted the agent/auctioneers to find out more about the house but have been given very little, a map of the boundaries and some talk about the previous owner/developer going bust.
    on mentioning we are cash buyers he claims theres been loads of interest & a local man has offered the asking price (cash).

    how do we go about finding out more info i.e. about the receivers, the previous owners, any history about the house, the auctioneers??? etc etc.

    any help would be greatful
    many thanks
    ivan


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    #2
    cat123456
    Registered Users Posts: 37 ✭cat123456


    You can go on land registry.ie and have a look at the folio if it is listed on the map. This only works though if it is a newer house on the land registry as opposed to the registry of deeds. Sometimes you can see what bank the mortgage is taken out with and the amount owed and the name of who owns it. The solicitor with the property might talk to you about the receivers. Be prepared to wait for a property with bank involvement. These sales do not proceed quickly as the bank have to agree to release the deeds for sale.


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