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Signing contracts for purchase of house

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  • 31-07-2015 10:37am
    #1
    meme74
    Closed Accounts Posts: 153 ✭✭


    Hey guys just looking for any tips/advice anyone can give on anything specific to look out for in a contract when buying a house before signing or any clauses you would recommend to include? Will obviously be getting advice from solicitor also.

    Thanks in advance


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    #2
    Seth Brundle
    Moderators, Politics Moderators Posts: 39,821 Mod ✭✭✭✭Seth Brundle


    In older areas it is prudent to check on rights of way (for laneways) and ground leases.
    Also confirm that no planning irregularities are present.
    Your solicitor should know to look for these.


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    #3
    meme74
    Closed Accounts Posts: 153 ✭✭meme74


    Thanks kbannon. The house is in an estate and the estate was built roughly 6 years ago so we shouldnt have too much issue with anything tricky like right of ways etc. thankfully.


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    #4
    TheDriver
    Registered Users Posts: 12,514 ✭✭✭✭TheDriver


    What's included e.g. Appliances...


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    #5
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    A closing date with penalties


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    #6
    meme74
    Closed Accounts Posts: 153 ✭✭meme74


    Thanks Ted and thedriver, had both of those on my list, solicitor advised against penalty clause as its very difficult to enforce and he basically said we would have very little recourse if they did go over. Also, closing date is a bit away due to a chain so he reckons its plenty of time. Hoping everything will continue to run smoothly and we sghould be fine.


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    #7
    NinjaTruncs
    Registered Users Posts: 2,498 ✭✭✭NinjaTruncs


    Make sure there is a clause subject to mortgage offer. When I sold my apartment my solicitor didn't include one and then pointed out to me she was surprised the buyers solicitor didn't ask for it to be added.

    4.3kWp South facing PV System. South Dublin



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    #8
    meme74
    Closed Accounts Posts: 153 ✭✭meme74


    Thanks Ninja, you would think alright that this is one that would be very stadard but I have heard of vendors excluding this from the contract and sellers not picking up on it. Hopefully your mortgage was drawn down sucessfully and you didnt get out by this!


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    #9
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    Loan Clause, Recision Clause. Your solicitor should really be advising on this.


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    #10
    meme74
    Closed Accounts Posts: 153 ✭✭meme74


    Markanthony, as I said my solicitor will advise when I meet him next week but was looking for anything that the solicitor may not always include as standard.


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    #11
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    meme74 wrote: »
    Markanthony, as I said my solicitor will advise when I meet him next week but was looking for anything that the solicitor may not always include as standard.

    The problem with tacking on a load of non-standard conditions is it will delay things as the otherside wonder whats going on. Be guided by your solicitor; a little knowledge is sometimes a ridiculous thing. You don't want to be sat there going though 101 different suggestions that the solicitor will have to explain and break down for you, most would not include that sort of apointment in a fixed fee.

    Just make sure you're covered to come out of the sale is you lose funding. After that you'd be looking at orders of specific performance but really domestic sales rarely go there.


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