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Selling Apartment With Previous Pyrite

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  • 30-04-2021 7:09am
    #1
    brooksrunner
    Registered Users Posts: 9 ✭


    Putting my 2nd floor apartment up for sale , anyone experience with selling with previous pyrite in the block , we have been issued with a " Green Cert " for the building address and common areas and the work they did in 2013.
    Trying to get my ducks lined up in a row.


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    #2
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    If its fixed i dont see the problem.
    As a buyer it might put some people off though, but surely you will get a buyer who will be pragmatic and be delighted at other people dropping out.
    Similar to people dropping out because they think they wont get used to road noise or a train track nearby.


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    #3
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Yes agree would run a mile. But OP best to be up front on this don't hide this fact when selling or have it brought up .. o by they way the apt had pyrite but its ok now. The potential buyer would be better placed to make an genuine offer with all the facts up front


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    #4
    billyhead
    Registered Users Posts: 9,845 ✭✭✭billyhead


    handlemaster wrote: »
    Yes agree would run a mile. But OP best to be up front on this don't hide this fact when selling or have it brought up .. o by they way the apt had pyrite but its ok now. The potential buyer would be better placed to make an genuine offer with all the facts up front

    Why would you run a mile if it's fixed?


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    #5
    Del2005
    Registered Users Posts: 18,987 ✭✭✭✭Del2005


    billyhead wrote: »
    Why would you run a mile if it's fixed?

    To buy one that they have no idea if it has an issue or not.


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    #6
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    billyhead wrote: »
    Why would you run a mile if it's fixed?

    Is this issue ever fixed ? I would be thinking of when I would go to resell. Its creates uncertainty. And with that the amount of buyers is reduced. And what happens if within a few years the issue was not resolved. The company that did the work didn't get it all. Now this company is no longer in business, my hard earned cash goes to zero


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    #7
    billyhead
    Registered Users Posts: 9,845 ✭✭✭billyhead


    handlemaster wrote: »
    Is this issue ever fixed ? I would be thinking of when I would go to resell. Its creates uncertainty. And with that the amount of buyers is reduced. And what happens if within a few years the issue was not resolved. The company that did the work didn't get it all. Now this company is no longer in business, my hard earned cash goes to zero

    Do you not get a Pyrite remediation certificate?


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    #8
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    billyhead wrote: »
    Do you not get a Pyrite remediation certificate?

    Whats the value of homebond ?
    No value when it was needed.

    Pyrite is remediated apparently and you get a cert . Its like buying a car that has been in a bad accident and the car is repaired. What is the perceived value of that car after is it the same or different to similar car that never had an accident?

    Its going to be less. Now ask yourself why ?


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    #9
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    handlemaster wrote: »
    Whats the value of homebond ?
    No value when it was needed.

    Pyrite is remediated apparently and you get a cert . Its like buying a car that has been in a bad accident and the car is repaired. What is the perceived value of that car after is it the same or different to similar car that never had an accident?

    Its going to be less. Now ask yourself why ?


    Good point about homebond.
    Not worth the paper its written on as tens of thousands have found out the hard way.
    Homebond is a con.


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