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

Agreed, would rather have the house I want and do things very cheaply for the first few years than regret not spending the 10k and missing what would've been a great house. Obviously depends how much you want it and if it's liveable without the 10k spent moving in.

We decided to take the view that the next year if we were still looking the extra €50k we decided to bid to secure the house would look like a bargain if we were to pay it then. We were correct. Glad we paid over the odds at the time, because a years after we were all sroted and living stress free in our new house, whole all the other houses which we would have been bidding on had we not bought were far higher than the year before. I think our last bid scared everyone away and then that ended all the messing and stress of buying for us.

Finally got our keys this morning, being chuffed is an understatement.

The whole thing became a big saga, last Thursday got a message saying that the building cover wasn't sufficient and I needed to increase it by 10K (making it 72% of the house value. Either way had to increase it and chase them down to send me a pdf of the policy, then submitted it to BOI on Friday, thankfully it got approved on Monday and funds were released on Tuesday. Funds only reached the solicitor account over night yesterday or this morning and finally closed at noon today. Had to hound people to keep stuff moving along, but glad we pushed through.

Now to begin the next phase of the minor refurb of the house!

Yep price inflation. Saw a provincial small town terrace go for bid auction on Friday for 245 which a couple of years would be -120k. I would say we are at ,or close to the top ,then the market may go stale but prices will stay high.

Sure if we knew when any adverse economic event was going to happen we would all be rich

Your solicitor should be able to advise you. Insurance, certs and all that stuff.

Just got keys to our new place today.

In contrast to some warriors on here, it was remarkably quick, we went sale agreed mid June on both the sale of our house, and purchase of our next one.

BoIs upping of rates focused all minds, and we sold ours last Thursday, and also drewdown our own mortgage to meet the rate increase deadline.

So, all in all 10 weeks from sale agreed to chain executed. Think that's pretty good going considering August is solicitors holidays month. On the flipside, I don't think any of our brokers and solicitors every want to be "chased" by me ever again. The secretaries literally laughed at me a few times for calling repeatedly.

Question.

should I contact the estate agent that’s handling the house I’m buying to see if the vendor has had any luck with her viewings the previous week? Or do I leave it?

Just sent an email, I don’t hear back by this time tomorrow I’ll ring

Hi Folks. Sorry to hijack this thread but it seems to be the most appropriate place to put this warning.

Someone I know, who is in the process of buying a a house and is close to closing, received an email from their solicitor asking for the transfer of the deposit into the solicitors bank account, which they naturally complied with.

Unfortunately the solicitor had been the victim of a cyber security breech and the email request was a bogus one from the hackers so the deposit for their house is lost.

A quick google turns up lots of cases of this from a few years back in the UK so I assume the fraudsters have moved on to Ireland, probably targeting smaller legal practices with less robust cyber security.

So please be ultra careful when transferring money into your solicitors account and make sure it is the correct one.

Sorry again for hijacking the thread but the more people that are aware of this scam, the less people that are likely to be effected by it.

First Time Buyer here, and I have an offer on a second hand house. It's under asking price but as far as I am aware, it is the only offer on the house. What would be the expected wait for a reply, be it refusal / counter offer / acceptance?

Or is that a question that is too open ended? As it's the first time doing something like that, I'm constantly checking my mails looking for any sort of an answer. There is a second viewing arranged for this weekend coming so I presume the owners are looking for more interest and offers.

Hi everyone!

The vendor accepted our offer on a house 3 months ago and we went sale agreed two days later. Since then we did not see any sign of the contract. Our solicitor claims he is still waiting for the other solicitors (yes there are two solicitors on the other side, the vendors are separated) Received loan offer weeks ago from bank, valuation and house survey is done. I spoke to the estate agent many times but they try to sell me lies everytime and of course there is the "gate keeper" at the phone who is promising call backs but that never happens. The last lie was the husband was on holidays and just contacted his solicitor two weeks ago. At this point we are thinking about to step back from the deal because this whole situation is slowly grinding up our nerves. Is it againts the "rules" to contact the vendors directly and ask them what is going on? We really like that house and it would be sad to lose it.

Start to push, tell them that you need to see movement or you'll need to withdraw your offer. Unfortunately there can be complications, dealing with two sellers/solicitors will definitely not help.

Tried to push earlier but I only got more lies from the estate agent.

This is why there is more viewings organised as vendors want more even so you are the only offer, they want more offers and a bidding war. You will see a lot of this.

Just put your name down for more viewings on other houses with the same agent.