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Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

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    #4952
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    Gael23 wrote: »
    Are viewings likely not going to happen until after Easter now?

    Shouldnt happen till level 5 ends.


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    #4953
    itsusuallyjazz
    Registered Users Posts: 72 ✭✭itsusuallyjazz


    omicron wrote: »
    First time buyer here, sale agreed since late October, and contracts signed mid December subject to the vendors purchase of another house going through.
    Since then estimated closing date has been pushed back from early February initially to now saying mid to late April, due to the next house in the chain not being ready. (Not a new build, minor renovations which are apparently still on going despite lockdown) .
    Anything I can do to try speed the whole process up or is it just a case of sit tight and hope it all goes through?
    Annoyingly from the initial viewing and bidding until after we had engineers survey done we were led to believe it was an uncomplicated quick sale.

    My vendor has added a similar clause into my contract and my solicitor is not allowing it. It has been sent back with a request for an actual date. I have been sale agreed since end Oct. Feels like forever


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    #4954
    Thomasirl123
    Registered Users Posts: 138 ✭✭Thomasirl123


    Gael23 wrote: »
    Are viewings likely not going to happen until after Easter now?

    If we go back to level 5 viewing will be allowed


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    #4955
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    Thomasirl123 wrote: »
    If we go back to level 5 viewing will be allowed

    So will be allowed after March 5th?


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    #4956
    omicron
    Registered Users Posts: 830 ✭✭✭omicron


    houseyhouse wrote: »
    Have you spoken to your solicitor about it? If you've signed with that as a condition, it seems like you could be in a difficult spot. At the same time, it's not reasonable to expect you to wait indefinitely. Lots of people couldn't wait that long, e.g. if AIP was running out.

    Yeah spoke to my solicitor he said theres nothing we can do.
    Loan offer will probably be expired by the time it actually goes through and it's with Ulster so if they pull out we'll have to apply from scratch with someone else.


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    #4957
    goingagain
    Registered Users Posts: 53 ✭✭goingagain


    DataDude wrote: »
    Hi all, new to forum and have spent a bit of time trying to find others who have asked the same question but there's a lot of posts! Apologies if this has been answered before!

    We are potentially looking to buy a house in the coming weeks/months, with mortgage approval in place. We're FTB'ers so not involved in a chain but also not cash buyers. The segment we are looking in is the €900k - €1.2m range which I have been told before is heavily stacked with cash buyers. Does anyone have any experience or knowledge as to whether we are likely to lose out to cash buyers offering less than us purely because the seller doesn't want to wait on all the additional requirements/delays come with a mortgage purchase (especially in COVID times)? I'm assuming the answer to the above is yes, and if so, would be interested in any anecdotes on whether this is a problem that can be solved with an additional ~€10k or is it much bigger than that?

    We are closing tomorrow in the same price range, South Dublin. I don’t think that category is stacked with cash buyers, I think it more trader ups who will be in a chain.

    I really wanted a first time buyer for my house as I wanted someone not in a chain and I would have taken a little less for that comfort. In the end a first time buyer was the highest bidder anyway 6-700 k category


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    #4958
    DataDude
    Registered Users Posts: 1,184 ✭✭✭DataDude


    goingagain wrote: »
    We are closing tomorrow in the same price range, South Dublin. I don’t think that category is stacked with cash buyers, I think it more trader ups who will be in a chain.

    I really wanted a first time buyer for my house as I wanted someone not in a chain and I would have taken a little less for that comfort. In the end a first time buyer was the highest bidder anyway 6-700 k category

    Totally clueless as to what to expect so appreciate some first hand experiences, thanks! Fingers crossed FTB is a positive more than a negative as you indicate it might be!

    Congrats on the purchase!


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    #4959
    Bitconfused
    Registered Users Posts: 94 ✭✭Bitconfused


    Correct me if im wrong but house viewing is not allowed currently? If that's the case how are people here progressing to buying a property? Are you holding fire until the restrictions ease.

    Also I've heard murmurings that there will be a fall in prices, is there any good sources this is coming from and what kind of drop is expected?


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    #4960
    jimmytwotimes 2013
    Registered Users Posts: 4,766 ✭✭✭jimmytwotimes 2013


    Bitconfused wrote: »
    Correct me if im wrong but house viewing is not allowed currently? If that's the case how are people here progressing to buying a property? Are you holding fire until the restrictions ease.

    Also I've heard murmurings that there will be a fall in prices, is there any good sources this is coming from and what kind of drop is expected?

    Viewings are still going on but it varies from EA to EA.

    I thought the opposite was happening regarding prices. They're holding or rising given the lack of supply. True where we are anyway.


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    #4961
    cubatahavana
    Registered Users Posts: 991 ✭✭✭cubatahavana


    Bitconfused wrote: »
    Correct me if im wrong but house viewing is not allowed currently? If that's the case how are people here progressing to buying a property? Are you holding fire until the restrictions ease.

    Also I've heard murmurings that there will be a fall in prices, is there any good sources this is coming from and what kind of drop is expected?

    People are closing a sale that started sometimes up to six months ago. They wouldn’t need to be viewing the house now


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    #4962
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    jimmytwotimes 2013 wrote: »
    Viewings are still going on but it varies from EA to EA.

    I thought the opposite was happening regarding prices. They're holding or rising given the lack of supply. True where we are anyway.

    Any estate agent who is holding viewings now is breaking the restrictions, there should be no viewings


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    #4963
    jimmytwotimes 2013
    Registered Users Posts: 4,766 ✭✭✭jimmytwotimes 2013


    bubblypop wrote: »
    Any estate agent who is holding viewings now is breaking the restrictions, there should be no viewings

    Aware of that but there are viewings taking place.


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    #4964
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    bubblypop wrote: »
    Any estate agent who is holding viewings now is breaking the restrictions, there should be no viewings

    Do they expect people to pay a six figure sum fir a house without setting foot inside?


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    #4965
    Starlord_01
    Registered Users Posts: 443 ✭✭Starlord_01


    omicron wrote: »
    Yeah spoke to my solicitor he said theres nothing we can do.
    Loan offer will probably be expired by the time it actually goes through and it's with Ulster so if they pull out we'll have to apply from scratch with someone else.

    We are in a very similar position to you, vendor is buying a brand new home - we are sale agreed since beginning of November, loan offer issued mid November and contracts were sent out with no closing date in December.

    Initially we were told January then pushed to February, now hopefully it will be end of March if construction is allowed return March 5th.


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    #4966
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    Gael23 wrote: »
    Do they expect people to pay a six figure sum fir a house without setting foot inside?

    I would imagine the law abiding ones expect people to wait until they can view the property.


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    #4967
    Knex*
    Registered Users Posts: 22,477 ✭✭✭✭Knex*


    bubblypop wrote: »
    Any estate agent who is holding viewings now is breaking the restrictions, there should be no viewings

    As of January, restrictions stated you could view a property if you had gone sale agreed and were signing contracts.

    Not sure if they were changed since, however.
    The new guidelines go further, however, and the guidelines now state online viewings should be the “default approach” and that viewing in person should only take place when contracts are being considered.

    “It has also been agreed that online viewings will be the default approach to viewing property for rental or sale, with a physical viewing only permissible at the point where a tenancy agreement is being entered into or where a contract for sale has been drawn up,” the guidance states.

    https://www.irishtimes.com/life-and-style/homes-and-property/what-does-the-latest-lockdown-mean-for-property-buyers-and-sellers-1.4456344?

    https://www.thejournal.ie/housing-market-5318778-Jan2021/


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    #4968
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    Knex* wrote: »
    As of January, restrictions stated you could view a property if you had gone sale agreed and were signing contracts.

    Not sure if they were changed since, however.



    https://www.irishtimes.com/life-and-style/homes-and-property/what-does-the-latest-lockdown-mean-for-property-buyers-and-sellers-1.4456344?

    https://www.thejournal.ie/housing-market-5318778-Jan2021/

    No that’s correct. But can you pull out if at the viewing you see something you don’t like?


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    #4969
    jimmytwotimes 2013
    Registered Users Posts: 4,766 ✭✭✭jimmytwotimes 2013


    Gael23 wrote: »
    No that’s correct. But can you pull out if at the viewing you see something you don’t like?

    Sale agreed isn't binding


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    #4970
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    Do you have to pay a deposit to go sale agreed?


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    #4971
    Knex*
    Registered Users Posts: 22,477 ✭✭✭✭Knex*


    Gael23 wrote: »
    Do you have to pay a deposit to go sale agreed?

    Yeah, or rather you transfer it as soon as you verbally agree on the sale. It's refundable, however.


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    #4972
    Dick Turnip
    Registered Users Posts: 980 ✭✭✭Dick Turnip


    Gael23 wrote: »
    Do you have to pay a deposit to go sale agreed?

    Yes, I went sale agreed last year on a house, paid €7K deposit but pulled out after getting the surveyor's report as it showed a lot of structural issues. Got the deposit refunded in full.


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    #4973
    Busi_Girl08
    Registered Users Posts: 17,903 ✭✭✭✭Busi_Girl08


    Do you need to have a solicitor in place at the booking deposit stage? And if so, if we don't go ahead and drop out of the sale, are we still facing solicitor fees for the transaction even after getting the booking deposit refunded?


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    #4974
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    Busi_Girl08 wrote: »
    Do you need to have a solicitor in place at the booking deposit stage? And if so, if we don't go ahead and drop out of the sale, are we still facing solicitor fees for the transaction even after getting the booking deposit refunded?

    You don't need one at this point, but it is around this time you should start involving them, as the next step requires one.


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    #4975
    Dick Turnip
    Registered Users Posts: 980 ✭✭✭Dick Turnip


    Busi_Girl08 wrote: »
    Do you need to have a solicitor in place at the booking deposit stage? And if so, if we don't go ahead and drop out of the sale, are we still facing solicitor fees for the transaction even after getting the booking deposit refunded?

    I didn't have to pay solicitor fees when I pulled out after having paid booking deposit, and I had involved them at that stage so they would have had some time on the clock anyway, albeit not too much.

    I guess they figured I'd be coming back to them sooner or later when I went sale agreed on the next one.


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    #4976
    Busi_Girl08
    Registered Users Posts: 17,903 ✭✭✭✭Busi_Girl08


    Markitron wrote: »
    You don't need one at this point, but it is around this time you should start involving them, as the next step requires one.
    Dick Turnip wrote: »
    I didn't have to pay solicitor fees when I pulled out after having paid booking deposit, and I had involved them at that stage so they would have had some time on the clock anyway, albeit not too much.

    I guess they figured I'd be coming back to them sooner or later when I went sale agreed on the next one.

    That's good to know, thanks a mil! We're just putting through our application today so will hopefully have an AIP in the next week or so!


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    #4977
    Cosle
    Registered Users Posts: 37 ✭Cosle


    There are definitely viewings going on in Dublin, whether allowed or not. Seems to be dependant on the real estate company.

    We went sale agreed before viewing our property. We were allowed in to view and to confirm we were happy, then we sent the deposit and contracts were sent to the solicitor.


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    #4978
    Dick Turnip
    Registered Users Posts: 980 ✭✭✭Dick Turnip


    Cosle wrote: »
    There are definitely viewings going on in Dublin, whether allowed or not. Seems to be dependant on the real estate company.

    We went sale agreed before viewing our property. We were allowed in to view and to confirm we were happy, then we sent the deposit and contracts were sent to the solicitor.

    Were there many bidders on the property? Had any bidder viewed it before you went sale agreed?

    Did the price go over asking?

    Sorry for the all the questions - just hard to get used to idea of bidding on a house without actually viewing it first!


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    #4979
    Claw Hammer
    Registered Users Posts: 6,221 ✭✭✭Claw Hammer


    Busi_Girl08 wrote: »
    Do you need to have a solicitor in place at the booking deposit stage? And if so, if we don't go ahead and drop out of the sale, are we still facing solicitor fees for the transaction even after getting the booking deposit refunded?

    The agent has to write to your solicitor when he accepts the booking deposit.
    Some solicitors do not charge unless the purchase closes. Some insist on being paid for all work.
    It all depends on your agreement with the solicitor. You should have one recommended by someone reliable.


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    #4980
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    Dick Turnip wrote: »
    Were there many bidders on the property? Had any bidder viewed it before you went sale agreed?

    Did the price go over asking?

    Sorry for the all the questions - just hard to get used to idea of bidding on a house without actually viewing it first!

    Bidding on one now, was bidding on one two weeks ago.

    First House - Maynooth: Asking was 300k, sell price weas 362k. 7 bidders

    Second House - Celbrdige: Asking was 315k, high bid at 346k, 3 bidders

    Third House - Celbridge: Asking was 315k, high bid at 322k, 6 bidders. That one has a pylon outside though.

    All of the above were online viewing only. Im assuming the Maynooth house has been viewed at this stage by the highest bidders.


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    #4981
    Busi_Girl08
    Registered Users Posts: 17,903 ✭✭✭✭Busi_Girl08


    Claw Hammer wrote: »
    The agent has to write to your solicitor when he accepts the booking deposit.
    Some solicitors do not charge unless the purchase closes. Some insist on being paid for all work.
    It all depends on your agreement with the solicitor. You should have one recommended by someone reliable.

    Thanks. That's next on our list. We have a few friends who bought in the last year so we'll be looking for recommendations.


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