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

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    #5072
    0gac3yjefb5sv7
    Closed Accounts Posts: 3,948 ✭✭✭0gac3yjefb5sv7


    givyjoe wrote: »
    They're not going up slowly, which is my point! The bidding wars have exploded since no viewings and the supply is being artificially strangled by the pandemic and there isn't a matching drop in potential buyers, or rather certainly doesn't seem to be. The number of houses (not new builds) going on the market has dropped sharply since the pandemic began.

    Right now things are busier for sure but can't see much of a drop off in the pre pandemic rate of increase over the next few years.


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    #5073
    cubatahavana
    Registered Users Posts: 991 ✭✭✭cubatahavana


    jetfiremuck wrote: »
    Only fear in all this is the seller is not legally bound to sell you the house until the contracts are signed by both parties.

    It happened on one deal we did. Seller was getting ancy and had other offers contacted directly. It was his solicitor that was dragging his feet. got the property but was so anxious.

    That is correct, you can sign and the seller delay and pull out


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    #5074
    Snipp
    Registered Users Posts: 175 ✭✭Snipp


    Padre_Pio wrote: »
    Looking for opinions here.
    I'm with Ulster Bank and have AIP with them.

    There's rumours they're leaving the market, is it worth going for AIP with another bank?
    I assume if UB pull out, it'll be a couple of years, not the next 6-12 months.
    The time it will take to pull out will outlast your 6 month AIP. If you drawdown and they pull out afterwards, whoever buys their loan books will be bound by the terms already in place.


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    #5075
    blowin3
    Registered Users Posts: 477 ✭✭blowin3


    We had been planing to sell our house in January as we are immigrating . The EA has been staling us due to level 5 but now they are talking to extending level 5 to May. Have anyone ever used these online sellers where you do the showing of the property is it an option ?
    Thanks for any help.


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    #5076
    Treppen
    Registered Users Posts: 4,598 ✭✭✭Treppen


    Snipp wrote: »
    The time it will take to pull out will outlast your 6 month AIP. If you drawdown and they pull out afterwards, whoever buys their loan books will be bound by the terms already in place.

    This is true + it will encourage you to shop around and switch later.
    I would hope though that either way UB will be writing to people to let them know.


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    #5077
    Sweetaure
    Registered Users Posts: 58 ✭✭Sweetaure


    blowin3 wrote: »
    We had been planing to sell our house in January as we are immigrating . The EA has been staling us due to level 5 but now they are talking to extending level 5 to May. Have anyone ever used these online sellers where you do the showing of the property is it an option ?
    Thanks for any help.

    Houses are being sold with virtual viewings only, although some EA are not considering offers until physical viewings resume.

    Has it been confirmed that the construction sector will not reopen until we go down to
    Level 4?


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    #5078
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    blowin3 wrote: »
    We had been planing to sell our house in January as we are immigrating . The EA has been staling us due to level 5 but now they are talking to extending level 5 to May. Have anyone ever used these online sellers where you do the showing of the property is it an option ?
    Thanks for any help.


    I think you need a new EA. Decent houses in good locations are selling via virtual viewings alone, in some circumstances going over 100k over asking.


    I do think it runs the risk of the buyer pulling out when they actually get to view it but they would have to pay the deposit and start the process of drawing up contracts but the EA should definitely get the ball rolling and advertise the house online.


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    #5079
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    cisk wrote: »
    I think you need a new EA. Decent houses in good locations are selling via virtual viewings alone, in some circumstances going over 100k over asking.


    I do think it runs the risk of the buyer pulling out when they actually get to view it but they would have to pay the deposit and start the process of drawing up contracts but the EA should definitely get the ball rolling and advertise the house online.

    Yes but if the seller cannot buy a new house it’s a waste of time


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    #5080
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I believe the poster meant to say they were emigrating.


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    #5081
    dubal
    Registered Users Posts: 769 ✭✭✭dubal


    with the right EA, the selling process is moving on fine.


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    #5082
    Reins
    Registered Users Posts: 111 ✭✭Reins


    Gael23 wrote: »
    Yes but if the seller cannot buy a new house it’s a waste of time

    Agree - hence so little stock at the moment. Why would anyone sell now if they're trading up.

    different for other poster as they are emigrating.


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    #5083
    random_banter
    Registered Users Posts: 614 ✭✭✭random_banter


    The market is in a shambles at the moment. I agree with the earlier poster who said the bidding wars have exploded. We are very disillusioned.

    I have been dealing with two EA's who are usually very very responsive. A couple of houses have come up in the last couple of weeks (rare, since f*ck all is going up for sale at the moment) and I can't even get a response to my enquiries about them. I am wondering if some EA's have been put on PUP due to the slowness in the market at the moment.

    Yes there is the odd house selling by virtual viewing only but there's a house of desperate bidders focusing on those homes without even viewing. There can't be as much work for EA's at the moment as there was.


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    #5084
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    Surely if you wear a mask and gloves there’s no risk in allowing viewings


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    #5085
    errlloyd
    Registered Users Posts: 12,610 ✭✭✭✭errlloyd


    Gael23 wrote: »
    Surely if you wear a mask and gloves there’s no risk in allowing viewings

    It's like everything really. People still have to go to and from the viewing. That's them getting in their car, breaking the 5k, and conditioning themselvse that it is okay to do things.


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    #5086
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    errlloyd wrote: »
    It's like everything really. People still have to go to and from the viewing. That's them getting in their car, breaking the 5k, and conditioning themselvse that it is okay to do things.

    Which they can and will do if they are sale agreed. Which they can and will do if they are caring for a parent etc, which they can and will do if they need to go shopping. Bizarre logic. People aren't mindless drones. There's a list of things you can do that are classed as essential, finding somewhere to live surely comes under that banner.


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    #5087
    givyjoe
    Registered Users Posts: 3,287 ✭✭✭givyjoe


    random_banter wrote: »
    The market is in a shambles at the moment. I agree with the earlier poster who said the bidding wars have exploded. We are very disillusioned.

    I have been dealing with two EA's who are usually very very responsive. A couple of houses have come up in the last couple of weeks (rare, since f*ck all is going up for sale at the moment) and I can't even get a response to my enquiries about them. I am wondering if some EA's have been put on PUP due to the slowness in the market at the moment.

    Yes there is the odd house selling by virtual viewing only but there's a house of desperate bidders focusing on those homes without even viewing. There can't be as much work for EA's at the moment as there was.

    That was myself.

    Agent just mailed me about this house back on the market, it was sale agreed in December for 327k. This is going to illustrate the point about crazy the market is and I'm going to guess that it goes for in and around 350k. Not to further disillusion you! I do think it will return to somewhat normal restrictions are lifted and we start getting the vaccines out.


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    #5088
    blowin3
    Registered Users Posts: 477 ✭✭blowin3


    cisk wrote: »
    I believe the poster meant to say they were emigrating.

    Thats correct we are moving away to start a new life :)


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    #5089
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    blowin3 wrote: »
    Thats correct we are moving away to start a new life :)


    Best of luck, hopefully it's a more sane housing market where you're going.


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    #5090
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    Looks like no viewings until Easter


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    #5091
    Starlord_01
    Registered Users Posts: 443 ✭✭Starlord_01


    Sale agreed since November and with these restrictions all but confirmed, now looks like we won't get in until May - depressing news to say the least.


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    #5092
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    Starlord_01 wrote: »
    Sale agreed since November and with these restrictions all but confirmed, now looks like we won't get in until May - depressing news to say the least.

    What is the specific holdup? If you don't mind me asking. I am also sale agreed and I am assuming the bank won't be able to send someone to value the place.


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    #5093
    Sweetaure
    Registered Users Posts: 58 ✭✭Sweetaure


    Markitron wrote: »
    What is the specific holdup? If you don't mind me asking. I am also sale agreed and I am assuming the bank won't be able to send someone to value the place.

    The bank valuer doesn’t have to go in, they just do a drive by, so there should be no delays on that side.


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    #5094
    Sorolla
    Registered Users Posts: 997 ✭✭✭Sorolla


    I am sale agreed on a property that is over 60km from my home.

    I am the seller

    I still have to remove the contents from the house

    Is it allowed for me to drive to the property to remove contents ?


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    #5095
    Starlord_01
    Registered Users Posts: 443 ✭✭Starlord_01


    Markitron wrote: »
    What is the specific holdup? I am also sale agreed and I am assuming the bank won't be able to send someone to value the place.

    In a chain and the vendor is buying a brand new home which isn't finished yet. We were due to close in late Jan/early Feb but then construction was stopped.


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    #5096
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    Starlord_01 wrote: »
    In a chain and the vendor is buying a brand new home which isn't finished yet. We were due to close in late Jan/early Feb but then construction was stopped.

    Ah right, that makes sense.


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    #5097
    Cash_Q
    Registered Users Posts: 1,920 ✭✭✭Cash_Q


    Sweetaure wrote:
    The bank valuer doesn’t have to go in, they just do a drive by, so there should be no delays on that side.


    That's only the case if the initial bank valuation has already taken place but has expired. Both houses I bought and the one I sold required an EA acting on behalf of the bank to go inside the house and carry out an inspection in order to value the house.


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    #5098
    whiskeyman
    Registered Users Posts: 12,564 ✭✭✭✭whiskeyman


    Sorolla wrote: »
    I am sale agreed on a property that is over 60km from my home.

    I am the seller

    I still have to remove the contents from the house

    Is it allowed for me to drive to the property to remove contents ?
    Yes.
    Get email or letter from your estate agent.


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    #5099
    dia squish
    Registered Users Posts: 127 ✭✭dia squish


    Sorry for the very basic question but how are people actually going about house hunting these days? We’ve just been looking at daft so far. Hoping our AIP will come through soon. Once we get that sorted, is it best to just start emailing/calling estate agents once we see a property we are interested in? What are the important first questions to ask?


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    #5100
    Milena009
    Registered Users Posts: 133 ✭✭Milena009


    dia squish wrote: »
    Sorry for the very basic question but how are people actually going about house hunting these days? We’ve just been looking at daft so far. Hoping our AIP will come through soon. Once we get that sorted, is it best to just start emailing/calling estate agents once we see a property we are interested in? What are the important first questions to ask?

    So once we got our AIP we started emailing and following up via phone
    So far found that 80% of properties we were interested in and showing on myhome is actually sale agreed.
    Especially with like of ray Cooke's auctioneers I noticed.

    Ccpc website has a good pdf of questions to ask when viewing etc a house


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    #5101
    Bitconfused
    Registered Users Posts: 94 ✭✭Bitconfused


    Ive seen a few properties that ive liked, they are still being adverstised but what im seeing on the ads is "UNDER OFFER. IF YOU HAVE A SIMILAR PROPERTY TO SELL, PLEASE CONTACT US"

    Can I take it that there has been an offer accepted on the property but its up as the seller is still looking for anew home maybe?


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