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

With Auctioneera.ie right?

Yes they are quite transparent. Good luck

Signed contracts yesterday!!

Was really nervous for some reason , i think its because my solicitor was a real pain to deal with .

Anyone know is it just a matter of waiting now for the other side to sign their contract?

And to be fair, this particular house came back to market once too. The EA told us a bidder triggered the 15 days and when the time elapsed, they contacted the bidder who said they didn't want to proceed.

Currently selling our home, bids went flying in Wednesday to now €8.5k over asking. My EA came back to us last night saying both parties want an answer asap. Only after 2 days!

we’ve more viewings in line as well. It seemed very quick to be pushing. But if I bid today Friday I’d want answer within a week definitely but not two days

I'd certainly be waiting - neither of them look like very dependable buyers to me if I was in that situation? I'm sure the EA can give more of a back story why they are asking for a two day response time but if other viewings are lined up then.... EA just wants to close

I’m looking to upgrade from an apartment to a house in dublin2/4.

sale agreed on both last week. Valuations/survey next week will decide the outcome as buyer of my place is cash. Not really depending on my purchase valuation as <50% ltv. Hope to complete all by end of July.

does anyone ever have second thoughts about upgrading? My current place is not very big and doesn’t really suit for renting out if I move abroad temporarily (which I’m going to do in next few years). But it’s so insanely nice location.

Should be no problem - just need to update them on that is what you are doing. Going to be biggish renovations with 96k? Was thinking of doing something similar last year when we bought a place but we decided it was better wait a few years to do renovation when children are older and then release some equity to do a refurb and energy upgrades; will have more time to do it. Will work out a bit cheaper in the long run + have more freedom/flexibility with lower repayments. It is amazing what a lick of paint can do to a place.

You say qualify for a max mortgage of €312k  - do you have a AIP for that? We had AIP for a mortgage where we had said to the bank for that AIP that we were thinking of using 1/3 of the amount for renovations as we were looking in mature areas of the City for a house (houses built in 70's/80's) - we drawn down 90k less than the AIP amount in the end. Ended up 1970 house, dated interior but owners had done heating & insulation upgrade about 10yrs ago and BER was C1 so we reckoned house would be ok and it was during the winter.

Best of luck, sounds like it is a good time for you to do such a project.

In my humble opinion, bank will only give you 90% of the price of the house you are buying, even if you are approved for more.

Be careful too house is deemed habitable as is. If its not then bank will withhold an amount for renovation costs so wont end up lending 90% of value of house. Ive no experience of it but remember a friend buying place and bank withheld some of drawdown to reflect house is not deemed habitable

If it is a structural issue mortgage lender may not advance.

It could be that there are common area issues such as no common fire alarm and emergency lighting. As an owner occupier you would be legally ok to live there but technically would not meet landlord rental standards.

You really need to get details of the issue.

We just bought a house in a very rural spot and knew broadband would be an issue. We had Imagine out to do a speed test, but as they are pointing to an old tower in the area, that a lot of people are on, the speeds were absolutely rubbish. We have gone with Starlink, it was here in a couple of days and finding it excellent so far, speeds just as good as fiber we had previously. We are ment to get fiber on our road later this year, but I wont be holding my breath. I WFH through VPN and haven't had any issues so far, and we have multiple devices online etc. Some of the house is a bit patchy, but afaik Google Mesh will sort that for use. The hardware was €300 which has come down a lot in the last year, and its €65 pcm so pretty much the same as most providers.

I'm refreshing rte.ie almost hourly. Dreading another increase, and it's been suspiciously quiet for a few weeks now.

nope , heard nothing .

just assumed after the ECB announced the increase last week that the banks wont be too far behind.

Had a phone call with EBS about the question I had here at the weekend about if we needed to renovate would they lend for that on top of what we paid. The answer was yes they do, provided you’ve proper costings from a reputable builder etc. and that you say this and provide this info before going for the loan offer, not after the fact. They release funds either in one go or in stages. And obviously their valuation will need to met as well when it comes to that.

still one thing missing from EBS and that’s AIP!!! I think it’s a bit silly that they had one question about something 4 years Ago on our credit report which was a simple answer and we get bumped to the back of the queue.. but like our advisor said if that’s all they had to ask everything looks good…….

had our EA onto me again today asking are we accepting the current offer of €8k over asking. I said yes we will once I have 100% proof that we can actually bid on a house! She had asked the possible buyers to be patient and they were happy to do so. But to come back when I told her it would be Wednesday Thursday before I knew is annoying considering last Thursday I told her to give 10 days at the most!