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

They weren't at the same time.

We lost out on the first house and then the second came on the market.

The cash buyers were bidding on a second house while they were sale agreed on the first.

Who knows where the rises will stop, or how quickly they will come down?

But, interest rates are not forever. IMO, if you can afford it long term, just buy it.

I don't think there is any indication of house prices coming down in line with rates going up, unless 100k houses magically appear across the country.

Hi all, just wondering if anyone has successfully claimed back DIRT tax on BoI Cash Back Plus offer, for a second hand property? Anything I have read is very confusing, is it only available to claim back if you are a FTB of a new build/self build? Or can all FTB claim it back?

We're hoping to upgrade at some time in the near future - sell current house. Any advice on where to start? What 'ducks' do we need to get in a row before we get the ball rolling?

Let your solicitor know as soon as you put the house on the market. They can start getting deeds from bank and LPT etc which will shorten the wait after you go sale agreed

We are renting and intend to give notice once we are maybe a week or two out from closing (8 weeks required for us), it will be an added cost but I would rather have the peace of mind that we are not going to get to the perceived closing date and have an unforeseen delay, meaning we have to find somewhere to temporarily rent given the severe lack of rental stock and the fact that most properties up for rent in our area are around €1000 per month above what we are currently paying.

Ours is not a new property but the vendors have inherited somewhere and are already back and forth between the 2 houses. We will use the 8 weeks to do the small renovation work we need to do and take our time moving / getting utilities and appliances sorted.

Depending on your lender you may be able to get a deferred start for your mortgage repayments (BOI I think offer 3 months and AIB up to 6 months) which may take the pressure off a little in the short term if you are concerned there will be delays to your new home being ready.

Could also be worthwhile checking with people who have moved into the same development if there were earlier tranches of houses available, and how their actual timeline was vs intended timeline via local Facebook community group (you can post anonymously).

Hi Mazzy

We were told by our broker to expect it before the second month of the mortgage direct debit ( we have not drawn down yet )

Can i just ask how long it took for them to release funds once solicitor requests them?

Our solicitor requested funds on friday , just waiting patiently to hear something back!

Also did you have to send in anything re final checks ?

cheers, i should be expecting something soon then.

hoping you are not terribly stuck for the cash back , sounds like a pain in the hole with all the waiting !

a good holiday is needed after all this stress , and maybe a trip to turkey for the top of the head!!!

We finally got to our closing date yesterday and gave our solicitor a call to see if everything was still on schedule only for them to tell us that they never received the signed contract back from the seller’s solicitor. So disappointing but apparently they are signing in the next coming days (found this out from EA). Our funds have been released so assuming they are just sitting with our solicitor now until they get the contract. our solicitor set this date as our closing and then never seemed to chase about the contract until we called to check if everything was still going to schedule. They are not in anyway proactive and don’t seem on the ball at all. Maybe they are working in the background but they are very slow to share any info with us. Am I correct in thinking that once the vendor signs and the copy of the contract is with our solicitor they will release funds and we can collect keys?

Can't imagine the bank allowing that, the mortgage is secured against the house. If you don't legally own the house, what is the money secured against?

I know but clearly you need to draw down the funds at some point before you own the house. Just wondering how much before

We have finally gone sale agreed on our house 🥳 it’s been a longer process than we anticipated, everyone including estate agent thought the house would fly off the market as houses usually do in our area but it took nearly 2 and a half months and 12 group viewings. Definitely noticed that buyers are bidding more slowly and savvy than a few months ago (we have ourselves bid on 5 properties in the last year and the bidding was insane!). Anyway as per my previous posts we put the house up for less than we would accept under the advise of the EA which meant we attracted a huge amount of viewers but a lot of low offers. We ended up asking the EA to reset the price to in and around what we would take but they advised against it. So we asked them to tell people at viewings what our minimum price was to sell which was 25k above asking. We were in no rush to move and we love our house so had we not reached that we would have taken it off the market. It ended up going for 1.5% less than the same/our neighbours house last year.

My advise to anyone trying to gauge an asking price would be to make sure it is set close to what you would accept as it just prolongs the process otherwise. However, the strategy of low balling it does bring in a lot more viewers and our buyer wouldn’t have viewed at the price it actually went for….so in a way it worked! 🤷‍♀️

Now to secure a house before the kids start school in September 🤞🤞

We’ve gone sale agreed on our house yesterday at €8k over asking took about 40 days from listing to sale agreed. Now all we need is to find somewhere ourselves! Stock is limited still.

Took me 50 days to go sell agreed, surprisingly well above ask (>10%) and above expectations.

buyer are cash buyers - how long does the conveyancing usually take? There wont be any title issues or so. And how common is it that buyers pull out currently?