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

Everyone will have their own experience. It's hard to say, because a big factor is who you might be bidding against.

In my case, we had just missed out on a house, and we saw another we really liked. We were also under a bit of pressure to buy, as we were sitting in a house which needed to go to a probate sale, and interest rates were about to go up, which would affect us on a 15 year fixed term. In any case, we were the first viewers and immediately bid €20k over asking. Our plan was to scare away people who were thinking they could offer below asking and play the long game. In the end, we did get the house, but it did go up a good bit from our initial offer. We ended up paying around what similar houses were going for at the time, though. I just couldn't be dealing with a long drawn-out process. Some people would increase bids in €1 increments if they were allowed.

our broker said the cutoff was the 4th of June or something but we needed everything in by the 27th to hit that date with the bank. it's for the fixed rate we're lining up for the house.

Wonder if it's because we go all in on a house when we go sale agreed? I.e. we get the valuation, loan offer drafted, everything as soon as the house is sale agreed rather than waiting for contracts to be signed etc?

It's only up a couple of weeks so far, although properties seem to be going fairly quickly in the area judging by others we have viewed and followed up on. Currently no bids on this property, first viewing was last week and another viewing scheduled. Does acting fast and getting in with an early bid show you are serious, or does it come across too eager? I am good at the analysis and logical decision making, but admittedly negotiation and poker face not my strong suit!

Edited to quote!

Estate agents really do love bidding wars. Why can't people just put their houses up for a price they think is fair, maybe just under to generate some interest. Estate agents just add to the lengthy process with their games, I wonder how many houses they have directly caused deals to fall through for.

First post here, have been reading loads. We are selling our house and have gone sale agreed. Our deeds were requested from PTSB 3 weeks ago. Anyone any idea how long they're taking currently?

Buyer is a cash buyer so once deeds come back can anyone tell me how long the process is likely to take ( I know it's how long is a piece of string but just trying to get a sense of it, we've never sold a house before)

im sorry i didnt wait before booking the survey now , having to get an engineer back out to do a planning search and a letter to confirm the house was built without needing planning is a pain in the hole .

you would nearly need a house deposit for all that money on the surveys!!

i wonder when the banks will announce the increases? surprised i havnt heard anything yet .

Copied from posts I put up on here at the time, March 2022:

House went on the market 22/11/21; first viewing 26/11/21, had a few offers with the highest (5k below asking) on 15/12/21. Auctioneer suggested leaving until 2nd week in Jan.

A few more viewing in the week or so after Christmas but no better offers.

Verbally Sale Agreed 18/01/22, deposit received, proof of funds provided and taken off the market 26/01/22.

Contracts signed 02/03/22 with suggested completion of 16/03/22.

Sale completed last Friday 25th March so just over 8 weeks from deposit paid to completion. Waiting now for solicitors to clear existing mortgage on property with the bank, take their fees out and send us the balance. Probably another week or so. Can't complain about that and I'm delighted that I took the advice to notify my solicitor and get Property Tax Certs/NPPR sorted before it went on the market.

yes , a sales advice note for the booking deposit that you pay (usually 5k)

Your 6k estimate was off by €6 😁

Very happy with that it leaves me a few grand for essentials, I had more like 12k in my head going in.

Not so happy with my solicitor charging €3100 though they were supposed to be friends and colleagues of my brother looking after me and they ended up giving me zero mates rates and adding months to the process quibbling over freehold/leasehold and retention planning on the 2 extensions despite my multiple requests to just get it done and sort that stuff later because to me it seemed I was paying €270k in Limerick for a better house than what usually lists for 320-350 on Daft and Myhome.

Still cant complain too much, hopefully all this will be forgotten soon.

Completely agree. We were talked into this by our estate agent despite us being very clear what we wanted for our house. We’re now stuck just above asking 7 weeks in and it’s a price we definitely won’t take. Regretting not putting it up for what we want for it, which isn’t unreasonable for the area.

I was originally looking for a house, but after multiple bidding wars that have gone against me and a house purchase that fell through due to a bad survey, I'm now looking at apartments. Just keen to get the whole thing over with at this point and have a roof over my head.

Currently debating on bidding on a house, it's a bit overpriced but there is Airbnb potential given it's proximity to a local hotel and house appears to be in good condition. I know it previously went sale agreed at 316k but that fell through, I suspect this may be for a number of reasons.

The house has been on the market for nearly 3 months, it's listed as a 2 bed but has an attic conversion so that's effectively a 3rd bedroom, I'm guessing this doesn't have planning permission in place for the conversion which could cause issues if we are re-selling the property which is starting to put me off. The owner of the property, who's family actually constructed the entire development, showed us around the house himself, they have a small Dublin based estate agent handling the sale which I thought was a bit odd (based in south of the country). This morning I noticed that the house owners brother works for the estate agency as a 'sales negotiator', is it just me or would these 2 issues be a red flag to anyone else?

I've just gone sale agreed on a house. I'm buying on my own and on a pretty modest budget/income. Just got quotes for a solicitor plus all the associated fees with buying a house and I need to put down my booking deposit. Suddenly it feels very real and buying on my own has become very daunting. I think its just knowing that for most people I know who bought a house recently all these costs were split in 2.

Anyone have any similar experience of doing this on their own on a smaller budget?. Not sure what i'm looking for other than just being told it will be grand 😁