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

I hated the idea of selling to the council but they offered me so much money I could not refuse,

What I am experiencing consistently. See this post, perfectly clear, Frank.

Should not be allowed, full stop. Crazy carry-on.

How has everyone transferred the 10% deposit to their solicitors bank accounts? AIB seem to have a 10k daily limit.

I went into branch too and did the transfer. I think if it is not same bank as your bank might just take couple days to go through.

We've just bought a house in a new build estate, sale agreed about a year ago and finally done now. For various reason I don't want to get into we have major buyers remorse and are very strongly reconsidering whether we actually want to live there.

If we were to sell it before ever moving in, what are the chances of making our money back? Will it be a harder sell than people buying straight from the developer or will the fact it is second hand have an impact? Obviously we'll have all the estate agent and solicitor fees to think about too, and I don't know how it works with the bank if you pay off the mortgage very early (FWIW we had about 85% deposit and a relatively small mortgage)

The house was close to 900k when we went sale agreed a year ago and the next phase (identical houses, now sold out but still under construction) was selling for 50k more than that back around March of this year. There will be another phase at some point in the coming months.

Sounds like you should shift it on ok. The costs of selling (solicitor etc ) should be a relatively small percentage of the transaction value.

must admit, dying to know the reasons for buyers remorse. Lol

Same here 😆

Sorry for the noddy question, but have just bought a property, the purchase is complete and I'm moved in but I'm trying to figure out LPT and if I need to somehow register with the authorities that I'm now the owner so - I'm guessing - they issue me with a PIN, I hopefully get some form of reminder about paying the tax etc. Basically, get onto the system as the new Designated Liable Person.

Is this something my solicitor should have done? Or I need to organise myself..?

There used to be a "cash for residency" scheme operated by the government where foreign investors could get a Stamp 4 visa by investing a few million in Irish businesses or REITs. It closed this year though.

I work with a few Chinese guys and mentioned what I read here to them. They said it's a little true, generally some families in China will send children to study here, and the child will purchase property to live in. This is a small minority though. Most Chinese in Ireland are no better off than anyone else.

Anyone with an IRP (Irish residency permit) gets a PPS number, and getting an IRP is easy enough.

There are a few different investments, costing different amounts.

How do you mean the Irish public found out? Was it hidden? It's on the government website.

Can I ask a question on the 10%, do you have to have the actual 10% to send to the solicitor, we sent 2% to Estate Agent as the booking deposit. We are selling our house with over 400k in equity. We are only borrowing about 190k. I assumed the 10% needed would come from the sales proceeds of our house, am I wrong?

TIA

Is there anyone else having problems with the myhome.ie website? I'm finding it completely flaky. On one device it I have it always fails to load the webpages, and on the another device it was still working until lately. I thought it was just me initially until I was in someone else's house one day and we had the same problem on their laptop.

It's been brutal for me for ages, pages going back 10 pages in the middle of a search, having to start again etc

This weekend nothing would work on it. Painful

Same experience with MyHome, I just happened to switch broadband provider so assumed it was that. Just deleted the iOS app and now I can’t even find it on the Apple Store.

Talk to your solicitor, he may be able to negotiate a much lower amount for when you sign contracts, if your new property is second hand. As long as the amount is meaningful it might be ok, particularly if the value of the house your are purchasing is in the higher bracket. If you are trading up to say a €700K house, it is not expected for people to have €70K on deposit when you already have substantial equity.