BUYING A HOME
When you’ve reached the stage where you are ready to start looking to buy a home the first thing you should do is register your requirements with us. This free service ensures that you will be kept up to date on new properties coming to the market that match your search criteria.The most important aspect of buying a property is to have your finances in place so that when you find a home you love you are ready to move quickly. If you have to sell before you can buy, make sure you keep your agent informed about the status of your own sale, as the further along in the sales process you are, the better positioned you will be to make offers.
(The Willows, Wynnsward Park, Clonskeagh, Dublin 14, click on the imge for more information)
There are typically three types of property sale, private treaty, which is when a property is put on the market at an agreed asking price. Auction – where a property is viewed for a number of weeks before it is put up for auction on a set date and time, and off market – this is where a property is not advertised publicly but sold quietly.If you are thinking of selling an existing property we would be delighted to visit your home and offer you a free, no obligation market appraisal. This will help you know what budget you will be working with and we can also provide you with top tips for selling and talk you through the process. Call us on Freephone 1800 20 9000 to arrange a visit.
(18 Springfield Road, Templeogue, Dublin 6W, click on image for more information)
We can also help you raise a mortgage through the assistance of our dedicated financial team. They will shop around the financial institutions on your behalf to find you savings, call them on 01 643 1402. If you already have mortgage approval you will need to show confirmation from your bank, broker or accountant of the approval issued within the past six months. You will need this confirmation in order to make any subsequent offers on a property.When your offer is accepted you will need to pay a booking deposit which is normally between 2% - 5% of the purchase price, made payable to the estate agency. This deposit is fully refundable up until the point at which you sign a contract. You will need to organise and pay for a structural survey on the property as your bank or solicitor may request to see this report.
(The Coach House, Old Conna Village, Rathmichael, Co. Dublin, click on image for further information)
Before your mortgage can be drawn down, your lender or bank will look for an independent bank valuation to ensure the property is worth the money you are borrowing for it. They will have a panel of valuers for you to choose from, it is your responsibility to organise and cover the cost of the survey and important to ensure that the valuer files the report within 24 hours of inspecting the property.
(Moytura, Ladytown, Naas, Co. Kildare,click on image for more information)
You should give your agent your solicitor’s details and keep in regular contact with your solicitor to ensure the sale is moving on efficiently.They will receive a contract from the vendor’s solicitor which may raise pre-contract queries so good communication is important. All parties will aim for a certain date to close the sale but there can be delays which are unavoidable.
(5 Rosemount Road, Phibsborough, Dublin 7,click on image for more information)
When all queries have been answered an appointment will be made to sign the contracts at which point you will need to pay 10% of the purchase price, less the booking deposit. The balance of the purchase price will be paid on closing so you should arrange the transfer of funds to the vendor’s solicitor 3 – 5 days in advance. Once the sale has closed your agent will invite you to collect the keys to your new home!
(1 Knocklyon Mews, Knocklyon Woods, Templeogue, Dublin 16,click on image for more information)