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

got the loan offer today.

Have house insurance and mortgage protection sorted. A few issues to sort from my solicitor re a declaration of identity and query re local authority planning but other than that things are moving quite well.

Anyone a rough guess on a timeline from loan offer to drawdown?

Anyone have dealings with the online broker doddl? Nobody else has requested loan statements just them on the portal but I received an email from the lad I was dealing with and it doesn’t mention the loan statements on the requirements

AIP suffice for bidding

just on the april 27th final checks and review, did you need to send in more documents at this stage?

so basically a credit union/ saving statement will suffice.

We have rightly or more probably wrongly bought a few bits for the house even though we have not signed contracts yet, was wondering if banks would look unfavourably on this , looking at our accounts can see some larger transactions.

Just gone Sale Agreed on what was the Old Pairs house, got 90% of asking, house was on the market for 14 weeks. A nice area and decent house but as they wouldn't accept any help with maintenance etc, badly needs everything doing as the kitchen is 70's, bathroom early 60's and the carpets etc are there for 40 years. Typical of a house lived in by 90 years olds. Thankfully bought by someone who is going to live in it, whatever they put into it will add value as one on the next block which was modernised went for 45K more. I know I should have done the work but I honestly couldn't face it. Fingers crossed the sale will go through smoothly.

make up something believable.

say you paid for something and a friend owed you back the money

Have found this thread invaluable - figured I'd give a breakdown of the timeline for what seemed like a fairly straightforward probate sale.

17th Nov - Documents & application submitted to AIB

22nd Nov - AIP issued.

4th Feb - Viewed the house, first ones in the door and emailed an offer to the agent from the car.

7th Feb - Agent put forward a counter offer from the vendor, we met in the middle at €5k over ask, went sale agreed within an hour and got the deposit over.

8th Feb - Passed the details over to our advisor in AIB, quite a bit of back and forth for the next two weeks answering queries and providing additional proof of funds for solicitor fees & stamp duty.

2nd March - Contracts received by our solicitor.

3rd March - House Survey carried out.

6th March - Loan offer issued - valuation booked through AIB.

7th March - Survey report received and someone from the AIB panel called to the house for the valuation.

9th March - Valuation received - house insurance sorted through AIB/AXA, nice and cheap.

20th March - Mortgage Protection Issued.

21st March - Finally signed the contracts, ambitious closing date scribbled in for 7th April.

29th March - Vendor signed the contracts.

4nd April - Request for funds submitted - not received by AIB until the 11th..

13th April - Funds released to our solicitor.

21st April - Finally closed minutes before the agents were to close. Keys collected, happy out.

We found AIB great to deal with, really quick turnarounds once they have everything they need. We did have some issues with closed UB & KBC accounts, getting statements for them proved difficult since they didn't issue closing statements. Something to be aware of if you plan on closing an account after the application has been made as they'll need these for the loan offer.

We're in the middle of preparing an application for the vacant property grant as the house has been empty for 25 months. Perfectly liveable, but could do with €50k to upgrade and a repair a few bits. So far DCC have been a disaster 🙄

Yip and plus they won’t go back further then the 6 months to check I gave that money?

I'm sure the banks will put them up. As to when, we're hoping to close at the end of June, so no doubt it will be before then!

We were told that if we couldn't close by the 27th of May, we can expect to get caught in next wave of rate hikes, and we're with PTSB

pretty much goosed too :D

We had to switch houses about 2 weeks ago and the new one, while proactive, just can't see us getting contracts done and dusted by May 27th. We're due to get them to our solicitor next week but we've done everything we can with the banks so far, only thing really outstanding from our side is the survey of the new house, but I've been burned too many times now and won't book it until the contracts arrive and the solicitor signs off of an initial review.

It's POSSIBLE that everything will work out for me, but at this point I just want a house at SOME point :D I've already gotten 2 rate hikes since I started looking at houses so you adjust over time anyway (but can still be bitter about it :P )

Very unsure of what to do: We are looking to relocate to another county with our kids to be closer to family, it's an expensive area so we need every cent we can get. Our home is up on the market 7 weeks now in a much sought after area. House is A3 rated, 6 years old and in turn key condition but it's not reaching the price we thought we'd get for it, or anywhere near what neighbours have got for theirs. Basically our EA's marketing tactic of price low to get people in the door and spark a bidding war hasn't really worked, we've had loads of people viewing but the highest offer is sitting just above asking . Based on the EA evaluation (25-45k above asking), we were hoping for about €20k more minimum and would never have considered taking asking price. Looking back, we shouldn't have agreed to this tactic, it feels like we were stringing people along. Do we try negociate the top bidder up or just pull the house from the market and wait a year to see what the housing market does. We strongly feel to sell at the current offer would be selling for less than it is worth to us. We love the area and the people so we're in no major rush but obviously would prefer to make the move now ahead of the start of the school year in Sept. Also it's been so stressful, haven't slept great in 7 weeks with it all going around in my head!

Is there any benefit to taking the house down off the market for a few weeks and putting it back up at the price we would actually take? For the area, it would still be considered reasonable. New builds of the same size house are going for 80-100K more in the area.

I'm gonna be honest with you, as someone who's been bidding on houses a bit the last while, we've use a re-listing of a house as a reason to negotiate down the price. Latest house we are sale agreed on was up for 50k more in Jan, dropped to it's current asking in Apr and we undercut the new asking price by another 15k. It's a bit different in that the seller was keen to sell but pulling down and putting it up again is not guaranteed to help and can (and likely will) be used against you by longer term spectators.

I don't have any really good advice for you to help you get the offer up. I'd highly recommend anyone considering selling in the future, don't be convinced into putting an asking price you're unhappy with taking on the house. You could try negotiating with the highest offer holder but be warned, the advice they are given across the board is "don't bid against yourself" so if you're looking to get a bit more out of them, I'd look for a pretty small increase. we agreed to a 2.5k raise to get the house to go sale agreed on the first one but since that fell through, I wouldn't do it again

House hunting with partner and disagreeing on bidding tactics. Curious what those who have recently gone sale agreed would advise.

We are FTB with AIP and eager to move quickly for various reasons, family and current living situation. Have solicitor and surveyor on hand. We have found a house that ticks all the boxes and want to make an offer. For context, 3 bed Semi, North Dublin suburb.

Partner's preferred approach is starting under offer by 5-10% and then see how it goes. Personally, in hoping to use our FTB/keen to move fast attributes to our advantage, I would be inclined to offer slightly over asking. Ultimately I think the property is worth asking + 5-7%. Other similar properties we have viewed in the area at same asking price have current offers of asking +2.5%.

I know it probably can't be avoided, but I am hoping to avoid drawn out bidding war and just present a fair but attractive price and secure a quick sale for all.

Friends who have recently bought outside Dublin advised offering under, but I'm wondering if Dublin is a different kettle of fish?