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Transaction coordination

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  • 27-02-2017 3:46pm
    #1
    BattyInNZ
    Registered Users Posts: 70 ✭✭


    Hi everyone. I want to pick your brains if I can please.

    A question really - when you buy a house and are at the stage where an offer has been accepted, would you pay someone to do the legwork with solicitors and real estate agents after that? e.g. make the phone calls to the solicitors to find out where the hold ups are and if necessary get documentation from council, get the building inspection sorted and follow up with the estate agent if any repairs are required - basically if you used a mortgage broker to get your mortgage deal this is similar, taking the pain away from dealing with the sale/purchase process.

    Thanks


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    #2
    ThisRegard
    Closed Accounts Posts: 27,833 ✭✭✭✭ThisRegard


    You harass your solicitor, solicitor harasses 3rd parties. Looking to add an extra cog will add needless pain and expense. It's up to you to organise any inspections.


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    #3
    Lumen
    Registered Users Posts: 31,080 ✭✭✭✭Lumen


    Most of that is what you're paying the solicitor for, and the other aspects need your attention because they're really important.

    You can download an app to schedule SMSs in advance. Just send one to the solicitor every couple of days with "Are we nearly there yet?".


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    #4
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    BattyInNZ wrote: »
    Hi everyone. I want to pick your brains if I can please.

    A question really - when you buy a house and are at the stage where an offer has been accepted, would you pay someone to do the legwork with solicitors and real estate agents after that?

    Do you mean booking deposit paid? For an offer to be formally accepted you need to have a solicitor in place already. At the stage you're at, either party can walk away for any reason. Keep looking you're about 50/50 on whether you ever get the keys.
    BattyInNZ wrote: »
    e.g. make the phone calls to the solicitors to find out where the hold ups are

    The hold ups will be frequent and varied. Your solicitor will try and push things through assuming you don't got for the cheapest one you can find or end up with a complete fool.
    BattyInNZ wrote: »
    and if necessary get documentation from council,

    I ended up doing that.
    BattyInNZ wrote: »
    get the building inspection sorted

    You do that.
    BattyInNZ wrote: »
    and follow up with the estate agent if any repairs are required -

    You do that and you begin a whole new round of sniffing each other butts to come to a resolution on it. Be prepared to walk - so keep looking.
    BattyInNZ wrote: »
    basically if you used a mortgage broker to get your mortgage deal this is similar, taking the pain away from dealing with the sale/purchase process.

    Thanks

    I doubt they would and I wouldn't be trusting them to do this on my behalf. If you want that sort of service you need some sort of property negotiator. May be see if any of the leading estate agents offer a buyers service, expect to pay top dollar.


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    #5
    BBMcQ
    Registered Users Posts: 1,324 ✭✭✭BBMcQ


    I've often wondered why we don't have proper realtor's in Ireland. Ones that work for the buyer. You talk to them and tell them what you want, they scour the market for you and arrange viewings etc like in the US. I guess there is too much power in the seller's corner these days. Imagine an Irish open viewing with free food etc!


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    #6
    Lumen
    Registered Users Posts: 31,080 ✭✭✭✭Lumen


    BBMcQ wrote: »
    I've often wondered why we don't have proper realtor's in Ireland. Ones that work for the buyer. You talk to them and tell them what you want, they scour the market for you and arrange viewings etc like in the US. I guess there is too much power in the seller's corner these days. Imagine an Irish open viewing with free food etc!
    That free food is paid for with 6% fees.

    I sold my house last year in Ireland for a 1% fee, and bought for 0%.


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    #7
    tradesman
    Banned (with Prison Access) Posts: 390 ✭✭tradesman


    BBMcQ wrote: »
    I've often wondered why we don't have proper realtor's in Ireland. Ones that work for the buyer. You talk to them and tell them what you want, they scour the market for you and arrange viewings etc like in the US. I guess there is too much power in the seller's corner these days. Imagine an Irish open viewing with free food etc!

    There are companies doing this in Ireland. Internet search will find them


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    #8
    Peregrinus
    Registered Users Posts: 26,511 ✭✭✭✭Peregrinus


    BBMcQ wrote: »
    I've often wondered why we don't have proper realtor's in Ireland. Ones that work for the buyer. . . .
    Because we don't want to pay for them, basically. I dare say if you offer an Irish estate agent a similar fee to what he would get in the US for doing these things, he'll be delighted to attend to your every whim.


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