Planning on buying a house?
Buying a house is the largest financial commitment people make in their lives. It is very important that you are prepared. If you are not used to negotiating for a living, it makes sense to have an agent like Keane Thompson on your side, as the vendor has an experienced negotiator working for them. Generally, having an agent acting for you in a purchase of a house and will save a multiple of their fee.
Your first step is to find your new house. We at Keane Thompson, recommended that you seek provisional mortgage approval before you begin your search as this will give you a clear indication of your budget. You can apply for a mortgage directly through the financial institution or through a qualified broker. If you need some extra advice or recommendations, please contact us via email at email@example.com. The standard requirements to complete a Mortgage Application Form are: provide a salary certificate, a P60, six months of current account, savings and credit card statements and proof of ID.
You can begin your search through the various property portals and local estate agents. We recommend to register your interest with us at Keane Thompson and we can keep you informed of properties that become available which match your requirements. If you find a home that meets your requirements, the next step is to place an offer on the property with the agent. The agent will keep you appraised of any other offers. Once the vendor accepts the offer, a full refundable booking deposit will be paid and the property will go ‘sale agreed’ and be taken off the market.
You will need to advise your lending institution/ broker who will usually require you to obtain life insurance and a building survey. We recommend that a building survey is carried out by the Chartered Building Surveyor who will carry out a detailed inspection of the house or poroperty. For a full list of Chartered Building Surveyors go to scsi.ie.
A valuation survey will be carried out on the house or property by the financial institution by a professional Valuer. A list of Chartered Valuation Surveyors is available on scsi.ie. Once the deposit is paid to the selling agent, they will write to the vendor’s solicitor requesting them to prepare contracts and forward same along with title documents to your solicitor.
The contract will normally request that you sign within 14 to 21 days of receipt of same by your solicitor, however, it may take longer in some situations. Once all parties are satisfied, contracts will be signed and the final monies will be transferred and the sale will then close and you will own the house or property.