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

I think solicitors would prevent that happening as in the worst case scenario if the soon to be owner burns it to the ground, the current owner remains liable.

Yeah I'd say it can happen. There was talk of my sale earlier in the year closing a few days earlier than anticipated as it suited all parties but ultimately there were a few last minute delays which pushed it to the original closing date.

I think more often than not though the sale closes after the original closing date specified in the contract unfortunately.

When I was in with my solicitor yesterday to sign my contract she asked was I in a position to close earlier and I said yes. The original date I had been told would be three weeks from the time she received contracts back from the vendor's solicitor, so I don't know does that mean they will agree an earlier closing date or just set a date and then do the actual closing before that date, assuming everything is in order.

Best of luck! We finally got an offer after 5 weeks at 65k under asking 🤔 Not sure what we’re doing wrong

Keep chasing! Show no mercy!!

To update where we are: we got our loan offer on the 10th/11th as I had hoped we would in an earlier post. We signed it on the 13th with our solicitor. She had everything ready to go in terms of the legal documents and sent in the requisition form at that stage. PTSB only opened that package and checked off all the documents on their portal yesterday. Our broker is very on it and could see this happen from his side on his intermediary portal. He also noticed at this point they had not crossed off the balance of funds check box so he emailed me this morning to follow up. My solicitor confirmed it had been sent and so he chased it with the bank and they have signed off on it now. At this stage, he tells me it can all happen very fast for transfer of funds to our solicitor (48hours, not including the weekend). This is of course, if they don't find any issues when they do a final sweep of our documents etc.

We had already provided insurances, mandates, new payslips and statements and a covid waiver after we received the letter of offer and before we signed the loan pack with the solicitor. And so the broker was able to make sure that each document was registered as they were provided. I think this is one of the main benefits of a broker, the process is a bit more transparent to him than to a bank customer. Particularly when it comes to spotting potential blockages. That and not having to spend hours on the phone trying to get through to someone to ask a question. Obviously the broker needs to be very reliable also.

But eitherway, someone needs to be checking in with the bank every day making sure they are not sitting on an issue for days before you even hear about it and can start sorting it out and they press the 10 day wait button.

don't mind the 5 weeks, these 3 in august many ppl are on hols, and last week in July was too hot ... but look for some feedback from the EA, was there anything odd discussed with the buyer to made them think this is a reasonable offer (rather than offensive) (could it be that you got a wrong EA ? )

• cause for example, some think EAs should share following with the buyers - "Most sellers ‘round-up’ their asking price to allow for some negotiation, but if you go in too low, you could risk offending them. Your estate agent should be able to give you some indication of what they think the seller would accept and advise you of any other bids made on the property. You can then go in with your own offer for an amount you can genuinely afford." - from https://www.topmortgages.ie/mortgage-advice/making-an-offer-on-a-house-in-ireland/

have you guys staged your house at all?

We got in one day earlier if that's any use!

Funds requested for the Friday, final checks went ahead on a Monday and funds issued on the Tuesday. They must have hit our solicitors account faster than anticipated as he emailed on the Thursday to say he could get us the keys that day if we wanted them - we very much did want them after 10weeks waiting on probate to be granted!

I'm 3 months to the day sale agreed and nearly at the finish line, it's just insurance that's holding me up, which I wasn't expecting because I thought I was a fairly "easy" candidate in that regard (healthy, non-smoker, etc).

Insurance company has requested that I get blood tests done due to family history. Which would have been good to know a few weeks back rather than the last few days of closing. Was hoping to get keys next week but now it will be a case of however long these final checks take. Fingers crossed for everyone else trying to close sales, it's a slog.

I have an offer in since the viewing on Monday - it’s under the valuation I got but over the asking price ( I don’t know why agents do that ) another viewing on Saturday but I hope to wrap this up quickly

Initial approval 5-6 days

Does anyone have any insight on how the exemptions to the 20% deposit are granted?

Our situation is that we have gone sale agreed on a property that is less than our AIP amount but needs a bit of work to suit our needs (needs an attic conversion to give us an extra bedroom and bathroom) We can comfortably afford the mortgage regardless of whether we get 80% or 90% but I have applied for an exemption to the 20% deposit as the 10% we save would be a big help towards getting the attic conversion done. We are getting our mortgage through BOI and the advisor I am dealing with didn't dismiss it out of hand but said it had to go through a different section of the mortgage team which it is currently doing.

I am just wondering how they decide the exemptions, do they give it to people who otherwise couldn't afford a house and thus maximise the amount of mortgages they give out? Or is it more on a risk assessment on how likely the borrower can repay the 90%?

I figure if it's the former, we haven't a hope but if it's the latter we may have some chance!

tired of being gazumpted by investor cash buyers. do homeowners really not give a **** about people with young families? i've offered more than 15k on three properties than cash buyers but they went with them instead

It is very frustrating alright. Are you a cash buyer or on a chain?... we are currently selling and our preferred buyer is an FTB or cash buyer (anyone not in a chain really). All the bidders so far are either FTB, cash buyer, or have completed sale of their property and have mortgage approval for the remainder of the amount... I asked the EA to make a note who are the investors and who are families. I prefer to sell to families out of respect to our nice neighbours as I wouldn’t know what kind of tenants the investor will put in once sold to them.

We are the same, we are putting our house on the market next week and would prefer FTB or cash buyer. I am determined not to sell to an investor, but it's very hard if they are willing to go more money and you need every penny to purchase your next house. Morals could go out the window if we get an attractive offer!