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

WacoKid

Few personal observations:


The days of house bargains in villages surrounding Dublin are long long gone.


Yes, some people are actually awash with money and are happy to pay as prices for houses with decent transport links etc. will always stay strong. A household with 2 earners each earning around 80-100k+ is not as uncommon as you might think.


The east coast of Dublin carries a premium.


Walking distance to Raheny village (2 x DART stations, park, beach, pubs etc.) is highly desirable and will carry a premium.


Some people want to buy a kip with no extension etc. to put their own stamp on it. If you buy a house with a 1980's extension you will pay for it upfront and then likely want to knock it as its configuration won't be exactly modern.


Nice recent refurb houses do not come on the market as the folk who did them up are only starting to enjoy them.


A decent refurb with single story extension is easily 150k plus, could touch 190k. Dermot Bannon refurbed his 3 bed semi and it cost 530k but obviously he went a bit further than the average dweller.


There is normally 4% of houses on the market but at present there is only 0.7%. Yes more will come online but prices for good areas will always stay strong.


Some folk are happy to pump all their money into their house, some happy to live in a kip with a BMW in their drive, and others somewhere in between.


My 2 cents worth, which is based on shopping around Raheny with a healthy budget for the last 6 months, is pay the premium or go home...unfortunately.

optogirl

optogirl wrote: »

We are really reluctant to move outside of our preferred area
a) babysitters on tap (8 adults & 4 teenagers in the family within walking distance)
b) kids happy in school (eldest with aspergers and gets great support)
c) both able to commute easily to work
d) kids' friends all in the area

I know we are the type that make others teeth itch 'wanting to be beside family' etc but really we would rather rent in Dublin where our whole world is than buy a big house in Leitrim and have to uproot jobs/schools and start paying for childcare

You're compleletely right. Location is everything. All he things you have mentioned are far more important than living in a big house miles from anyone you know.
Keep the faith, you will get something

Currently looking around Dublin 9, very little available and what is there is going over asking.

It really is hard to know what to do at the moment, we have a house that we could sell with a decent profit but I’m also conscious of grossly overpaying for another house. Kids will be at creche/school age soon so we want to move before that but I’m still not convinced it’s the right thing to do, not being able to view properties doesn’t help!

givyjoe

MattS1 wrote: »

You can strike a balance though. Commuting to see friends etc within an hour. Especially with WFH. A lot of times it's the difference between an A rated house a bit further out or a E rated one in Raheny for example that needs 50k odd.

Commuting 1 hour (one way) isn't much of a balance though. As tempting as it it to look houses much further away, the reality is a 2 hour round trip any time you need to go back to Dublin for anything, is completely impractical. You'll also pay for it in fuel and cars needing changing much quicker.

Every single time I've done this, on the way back from the viewing I'm thinking "nope, can't be arsed doing this.. im already knackered". I think allot of people will regret moving way outside Dublin due to WFH when things open back up. It's grand now while WFH is done, but as soon as things open back up again.. it's far less attractive.

optogirl

Deleted User wrote: »

Currently looking around Dublin 9, very little available and what is there is going over asking.

It really is hard to know what to do at the moment, we have a house that we could sell with a decent profit but I’m also conscious of grossly overpaying for another house. Kids will be at creche/school age soon so we want to move before that but I’m still not convinced it’s the right thing to do, not being able to view properties doesn’t help!

It is crazy. And it feels really wrong being part of it - bidding on houses I've never been in goes against my instincts big time but I'm really unsure as to where we can go from here. We really need to find something soon

WacoKid

Deleted User wrote: »

Currently looking around Dublin 9, very little available and what is there is going over asking.

It really is hard to know what to do at the moment, we have a house that we could sell with a decent profit but I’m also conscious of grossly overpaying for another house. Kids will be at creche/school age soon so we want to move before that but I’m still not convinced it’s the right thing to do, not being able to view properties doesn’t help!

If you can get good price for your house there is a reason, and its that the market is on the up. If it is a fairly like-for-like move, as in you are not going from city to country, then the cost of changing will remain the same. If the house you are looking at drops in price then it is likely your own house will drop in price also as the market moves around.


If you go Sale Agreed you will get to see the property. Not ideal and just means more Sale Agreeds may fall thru during COVID.

Also, my observations is everything is selling for minimum of 10% over asking, and more like 15%. An EA I was talking to said it was a bidding frenzy out there at present with lack of houses, but folks have lots of cash because of not going to the pub, on holidays etc.

I thought this one was funny https://www.myhome.ie/residential/brochure/37-st-annes-avenue-raheny-dublin-5/4485827

It was up a month or two ago with a for around 425k, seemingly in the meantime they realize that it has a side garden that you could build on. So for the privilege of them pointing out that subject to planning permission you could do that and taking some aerial shots it ends up on Bidx1 with a €515,000 guide price.

givyjoe

MattS1 wrote: »

That might be once or twice a week. Totally doable. People won't be back in the office 5 days a week imo. No one wants that even if you live in Raheny. A terrible condition 3 bed is 450k+ in Raheny for 80sqm. Not exactly appealing unless you have 100k extra in cash.

Matt, you replied to a poster stating why moving to the back arse of no where doesn't work for them. I also wouldn't buy one in the middle of no where either and for me two, two hour roundtrips is absolutely not doable. Zero quality of life when all your friends and family are so far away, that's before needing to come back up for work. Most folks will be back in the office at least 3 days a week, if not more. There'll be a mix for sure, but most people will still be coming back up, I know my company will. There's more spots than just Raheny/wont require the poster to pay 450. That's not their budget anyway.

Saw your edit.. 1 hour away is not Maynooth, at least at current traffic levels. I'm considering maynooth, celbridge, leixlip.. all 30 minutes or less away from me currently. Anything further and it isn't worth the time spent in the car, particularly if a job change lands myself back closer to city centre. There's plenty worth coming back up to Dublin for, that isn't even in Maynooth or commuter towns.

optogirl

optogirl wrote: »

It is crazy. And it feels really wrong being part of it - bidding on houses I've never been in goes against my instincts big time but I'm really unsure as to where we can go from here. We really need to find something soon

I can’t even bring myself to bid at this stage but it’s starting to feel like we will have to. The issue we have is if we don’t move now we probably won’t be able to move for a few years and we want to be somewhere else in the long term.

However, bidding 4/5/600k or whatever your budget is on something you can’t see is nuts!

CarMc

optogirl wrote: »

We are really reluctant to move outside of our preferred area
a) babysitters on tap (8 adults & 4 teenagers in the family within walking distance)
b) kids happy in school (eldest with aspergers and gets great support)
c) both able to commute easily to work
d) kids' friends all in the area

I know we are the type that make others teeth itch 'wanting to be beside family' etc but really we would rather rent in Dublin where our whole world is than buy a big house in Leitrim and have to uproot jobs/schools and start paying for childcare

Oh yeah I don't think anyone was suggesting a jump from D7 to Leitrim. Just an option to look a little outside of D7? I know what it's like to keep getting outbid - it's no fun at all and very disheartening.

0gac3yjefb5sv7

optogirl wrote: »

We are really reluctant to move outside of our preferred area
a) babysitters on tap (8 adults & 4 teenagers in the family within walking distance)
b) kids happy in school (eldest with aspergers and gets great support)
c) both able to commute easily to work
d) kids' friends all in the area

I know we are the type that make others teeth itch 'wanting to be beside family' etc but really we would rather rent in Dublin where our whole world is than buy a big house in Leitrim and have to uproot jobs/schools and start paying for childcare

Can you buy a smaller place that will still suit your needs nearby? It sounds like you love it there so if you can even get a house that you can do up over time, that may be the best option.

givyjoe

MattS1 wrote: »

An hour or 40 mins isn't miles away for me! Or less by car. Most people's friends don't buy in the same area. You make friends where you set down roots as well as having friends that you may not see all the time.

No one has a clue what will happen but there certainly won't be any need to be in 3 days week, when everyone has worked from home seamlessly for a year. Many people will have bought further out in the past year in need of space vs proximity to work. Ideally everyone would buy in a lovely location in Dublin but it isn't affordable for most. An apartment cost in a nice area of Dublin will get you a new build in Maynooth or the likes.

I'd like to know a 3 bed, that isn't e rated or 80sqm in a nice area in Dublin for under 450k? That is close to the city also.

Greenhills (20 mins from City on the bus) and parts of lucan. No where near 450k. Not many come up in Greenhills, but you wouldn't need to go anywhere near 450 for one. Definitely bigger than 80sq m.

cubatahavana

givyjoe wrote: »

Commuting 1 hour (one way) isn't much of a balance though. As tempting as it it to look houses much further away, the reality is a 2 hour round trip any time you need to go back to Dublin for anything, is completely impractical. You'll also pay for it in fuel and cars needing changing much quicker.

Every single time I've done this, on the way back from the viewing I'm thinking "nope, can't be arsed doing this.. im already knackered". I think allot of people will regret moving way outside Dublin due to WFH when things open back up. It's grand now while WFH is done, but as soon as things open back up again.. it's far less attractive.

Loads of places within Dublín will have a commute of one hour each way to work when traffic levels come back to normal. N11, malahide road, N4... they’re all horrible

Green Mile

There’s a property on Bidx1 that I like. Anyone ever used Bidx1?
I feel a bit nervous about bidding like that, fees, commission aren’t transparent, I’m guessing the seller covers all that?
I’d rather stick dealing with an EA to buy a house but this house is priced very well if there not much bidding.

givyjoe

cubatahavana wrote: »

Loads of places within Dublín will have a commute of one hour each way to work when traffic levels come back to normal. N11, malahide road, N4... they’re all horrible

Well, the one hour outside dublin at the moment will be twice as long, then!

Claw Hammer

Green Mile wrote: »

There’s a property on Bidx1 that I like. Anyone ever used Bidx1?
I feel a bit nervous about bidding like that, fees, commission aren’t transparent, I’m guessing the seller covers all that?
I’d rather stick dealing with an EA to buy a house but this house is priced very well if there not much bidding.

The vendor pays the agents fees. Many of the properties on Bidx1 are not mortgageable. Prices often go well above the advised minimum. Once the bid is accepted there is deemed to be a contract, so the title has to be checked beforehand and surveys completed. There is no going back if there is a problem.

ebayissues

WacoKid wrote: »

Few personal observations:


The days of house bargains in villages surrounding Dublin are long long gone.


Yes, some people are actually awash with money and are happy to pay as prices for houses with decent transport links etc. will always stay strong. A household with 2 earners each earning around 80-100k+ is not as uncommon as you might think.


The east coast of Dublin carries a premium.


Walking distance to Raheny village (2 x DART stations, park, beach, pubs etc.) is highly desirable and will carry a premium.


Some people want to buy a kip with no extension etc. to put their own stamp on it. If you buy a house with a 1980's extension you will pay for it upfront and then likely want to knock it as its configuration won't be exactly modern.


Nice recent refurb houses do not come on the market as the folk who did them up are only starting to enjoy them.


A decent refurb with single story extension is easily 150k plus, could touch 190k. Dermot Bannon refurbed his 3 bed semi and it cost 530k but obviously he went a bit further than the average dweller.


There is normally 4% of houses on the market but at present there is only 0.7%. Yes more will come online but prices for good areas will always stay strong.


Some folk are happy to pump all their money into their house, some happy to live in a kip with a BMW in their drive, and others somewhere in between.


My 2 cents worth, which is based on shopping around Raheny with a healthy budget for the last 6 months, is pay the premium or go home...unfortunately.

Having looked at Raheny, there certainly is a premium alright.



However, these premium are not transferring to some of the ex-corp houses withing walking distance to Raheny. Some selling for 310/330/345 whislt similar houses are going higher in Donycarney, Eastwall etc.


Most of the houses above 500k, need to be gutted and refurbished, if adding extension another 200k. Even so, might not be as big as 150M2.


It defo is a lovely place, St Anne Park, close to howth, Clontarf, Dolly mount and North Bull Island. Also les than 30 mins to Conolly station.




What I dont like about it is there isn't much of a resturant or Pub - pre-covid that's. Maybe I'm looking at the wrong area.

ebayissues

The probability of moving in a house thats 80m2 is high. Before making the 515k in livable cndition will cost another 100k minimum. 620K exluding fees on a 80M2 house...........Jeez

tianna

Just went sale agreed on an apartment and get to see it for the first time on Friday.

We didn't think we'd bid on anything without viewing it first but when level 5 was extended we decided to go for it. Hoping the place doesn't look too different from the video!

optogirl

tianna wrote: »

Just went sale agreed on an apartment and get to see it for the first time on Friday.

We didn't think we'd bid on anything without viewing it first but when level 5 was extended we decided to go for it. Hoping the place doesn't look too different from the video!

Congratulations. Hope it is just what you want.

jimmytwotimes 2013

Silly question.

Sent in mortgage approval docs last Wednesday.

The BOI local mortgage specialist said they have sent along the documents for approval in principle now.

How long more to wait?

(trading up, no prob on salaries or deposit)

cubatahavana

jimmytwotimes 2013 wrote: »

Silly question.

Sent in mortgage approval docs last Wednesday.

The BOI local mortgage specialist said they have sent along the documents for approval in principle now.

How long more to wait?

(trading up, no prob on salaries or deposit)

It took us from end July to beginning of December from AIP to keys in hand. We went sale agreed early august in both our apartment (selling) and our house (buying) It went smooth and with very few issues. Now probably it’ll be longer due to more restrictions in place

pleh

jimmytwotimes 2013 wrote: »

Silly question.

Sent in mortgage approval docs last Wednesday.

The BOI local mortgage specialist said they have sent along the documents for approval in principle now.

How long more to wait?

(trading up, no prob on salaries or deposit)

We are buying. I think we waited a month with KBC for AIP, questions came back such as what was this 5k spent on, and that kind of thing that may have delayed us getting it, as our broker had tried to preempt any queries, so we did all we could there. Some people get AIP in a couple of days.
We had aip for a couple of months when we went sale agreed. Then appointed a solicitor and paid a booking deposit the day after sale agreed.
It took nearly 3 months for the bank to send the deeds to the sellers solicitor and then contracts took another couple of weeks after that.
Reminded our solicitor quite frequently to ask what was the delay, and asked the EA a well so couldn't do much more there to speed that up, but was disappointingly slow.

Now questions on the contract are going back and forth. We don't know when we will sign the contract nor when the closing date is.
I first spotted the house for sale last summer 2020, I think it will be summer 2021 b4 the sale is completed and we get the keys please God.

Markitron

I went sale agreed at the end of January, paid the booking deposit straight away and got my solicitor sorted. I have been waiting since then for BOI to issue my loan offer and for the developer to get his end of the HTB sorted. After that's all sorted my solicitor has advised me of an issue with the house which will be another roadblock. House is sitting there finished and ready to be moved into but I have no idea if it will be 4 weeks or 4 months. I Try not to think about it too much but it is frustrating AF.

JimmyVik

givyjoe wrote: »

Well, the one hour outside dublin at the moment will be twice as long, then!

I commute from about 7km outside the M50.
Takes me an hour and a half to get into the city center for 8am start during non-covid times on the bus. When bus connects comes i'll have to change buses, so probably wont even have a seat.



When I drive its more like 2 hours.
Its worse on the way home.
And looking at what they have done to the roads recently car commutes can only be longer once traffic gets going again post covid.

Cant believe anyone is even thinking of commuting from further out.

Teacher2020

JimmyVik wrote: »

I commute from about 7km outside the M50.
Takes me an hour and a half to get into the city center for 8am start during non-covid times on the bus. When bus connects comes i'll have to change buses, so probably wont even have a seat.



When I drive its more like 2 hours.
Its worse on the way home.
And looking at what they have done to the roads recently car commutes can only be longer once traffic gets going again post covid.

Cant believe anyone is even thinking of commuting from further out.

I think it is possibly easier to commute from further out as you just hop on a train and you're in Heuston/Connolly in an hour. Husband used to regularly commute from Carlow before COVID. He has a fold up bike so he used once he got to Heuston. Train left Carlow town at around 7 and he was usually in office before 8.30. It's a similar commute time wise.

0gac3yjefb5sv7

JimmyVik wrote: »

I commute from about 7km outside the M50.
Takes me an hour and a half to get into the city center for 8am start during non-covid times on the bus. When bus connects comes i'll have to change buses, so probably wont even have a seat.



When I drive its more like 2 hours.
Its worse on the way home.
And looking at what they have done to the roads recently car commutes can only be longer once traffic gets going again post covid.

Cant believe anyone is even thinking of commuting from further out.

If you're using public transport then its a 30min train from the likes of Maynooth which is handy.

Padre_Pio

Called about a property I'm interested in.
No viewings allowed, but 3 interested parties already, who've got three engineers in to do reports.

I might just ask the EA for the names of the engineers and give them a call for the report. Don't mind paying for it, but don't see the point of getting a fourth visit out to the property either.

JimmyVik

Teacher2020 wrote: »

I think it is possibly easier to commute from further out as you just hop on a train and you're in Heuston/Connolly in an hour. Husband used to regularly commute from Carlow before COVID. He has a fold up bike so he used once he got to Heuston. Train left Carlow town at around 7 and he was usually in office before 8.30. It's a similar commute time wise.

I live 7km from a train station.
Its grand if you are in the station and on the train before 7am.
After that you wont get a seat. And its unbearable on the commuter trains in the summer.

Of course you have to drive to the station as well unless you live close by.
Your husbands commute was 1.5 hours, not counting his travel time to the station and wait time before the train left. Thats still a long commute. So probably spending about 4 hours per day commuting. Expensive too.
Glad hes got a bit of respite with Covid. The only good thing to come from it.

JimmyVik

MattS1 wrote: »

If you're using public transport then its a 30min train from the likes of Maynooth which is handy.

Theres also the commute to and from train stations
Grand if you live within 10 mins of the station.

People dont seem to count wait time in the station in their commutes.
When I lived in New York, people used to count the 10 mins it took them to get out of their apartment to the street and the same on the way home in their commute times.