I’m thinking of selling my house. What should I do first?
If you are considering selling your home, the first step is to contact a trusted agent like
Fee Savers Property Sales (www.feesavers.ie). We will arrange a convenient time to visit your property for a thorough walkthrough. Following the assessment, we will meet to discuss the valuation, market trends, and your specific selling objectives. This process will provide you with an estimate of your property’s potential selling price, associated costs, and all essential details. Request your free property appraisal here.
Can I sell my house without an estate agent in Ireland?
Yes, the decision is entirely yours. While you can sell your house independently, engaging an estate agent offers valuable expertise and support. Agents can gather honest feedback from potential buyers without creating awkwardness. Selling a property can be a stressful experience, particularly since it is likely your most valuable asset. An agent can simplify the process, assist with marketing, and connect you with local buyers for a quicker sale.
How do I know if it’s the right time to sell my house?
The optimal time to sell depends on your individual circumstances. If you require more space for a growing family, you may feel a sense of urgency. Conversely, if you are downsizing, you might not be in a hurry. A useful tip is to observe your neighbourhood—if there are numerous “For Sale” signs, it may not be the best time to sell. Fewer available properties can lead to higher prices, whereas a surplus of listings may give buyers more leverage in negotiations.
The optimal time to sell depends on your individual circumstances. If you require more space for a growing family, you may feel a sense of urgency. Conversely, if you are downsizing, you might not be in a hurry. A useful tip is to observe your neighbourhood—if there are numerous “For Sale” signs, it may not be the best time to sell. Fewer available properties can lead to higher prices, whereas a surplus of listings may give buyers more leverage in negotiations.
Why should I choose Fee Savers Property Sales to sell my property?
By choosing Fee Savers Property Sales, you will benefit from a streamlined process designed to sell your property quickly and at the best price, all for a low fixed fee. Unlike traditional high street agents, we have reduced our costs and pass those savings directly to you, ensuring you retain more from the sale. Our low-cost model does not compromise the exceptional service we provide, and there are no hidden fees. Additionally, we do not charge any upfront marketing fees, which are often common in today’s property market. Remember No Sale, No Fee.
Once I’ve decided to sell my house, what’s the next step?
After you have selected Fee Savers Property Sales and we have completed the initial valuation, we will begin marketing your property. This includes high-quality photos, walkthrough videography, room descriptions, dimensions, and a listing of your property’s unique selling points, along with professional copywriting. Our aim is to make the process as stress-free as possible for you and your family. We will employ innovative marketing strategies and leverage our extensive database of approved buyers to reach a broad audience. We also offer after-hours private viewings to accommodate all potential buyers.
How can I make my house more appealing to buyers?
First impressions are vital. Enhance your home’s curb appeal by ensuring the front door is well-painted and the entrance is tidy. Maintain a clean and organized home; making beds and decluttering can create a more spacious and inviting atmosphere. For additional guidance, check out our top tips on staging your home for sale.
What if my house doesn’t sell or I receive lower than expected offers?
This highlights the importance of selecting an agent with strong market knowledge, We know how to set the right asking price that balances your expectations with market realities. Typically, we can assess interest within the first three weeks of listing. If demand is low, it could be due to market saturation or outdated decor. If we determine your price is too high, we will discuss necessary adjustments and guide you through the process.
How long will the strong market last?
The property market is significantly influenced by supply and demand. Currently, many areas are experiencing a shortage of available properties, creating a seller’s market. Homes priced between €250,000 and €500,000 are selling well, and high demand is expected to continue. For more expensive properties, sales may take longer; however, there remains strong interest from buyers seeking substantial properties in this area.
Thinking of selling?
If you have further questions about selling your home, please do not hesitate to reach out to us. With over 50 years of experience in the property market, we are well-equipped to address any inquiries you may have. Stay updated with the latest news from Fee Savers Property Sales by following us on Facebook and Instagram.
What steps are involved in buying a house in Ireland?
Step 1: Determine your budget and get mortgage approval in principle.
Step 2: Find a property and make an offer.
Step 3: Hire a solicitor for conveyancing.
Step 4: Get a property survey to assess any potential issues.
Step 5: Secure final mortgage approval.
Step 6: Sign contracts and pay the deposit (typically 10%).
Step 7: Complete the sale and get the keys.
How much is the deposit required for a Mortgage in Ireland?
Generally, first-time buyers must have a 10% deposit, while non-first-time buyers require a 20% deposit of the property’s price.
What types of mortgages are available in Ireland?
Variable-Rate Mortgage: Interest rates can change over time.
Fixed-Rate Mortgage: Fixed interest rate for a set period (e.g., 3-5 years).
Tracker Mortgage: Follows the European Central Bank (ECB) rate plus a margin.
Green Mortgage: For homes with high energy efficiency, often with lower rates.
Are there any tax reliefs or incentives for first-time buyers?
Yes, the Help to Buy (HTB) scheme offers up to €30,000 for first-time buyers purchasing or building new homes.
The Local Property Tax (LPT) may also have exemptions in certain cases.
What are the typical additional costs in buying a house?
Solicitor’s Fees: Around €1,500-€3,000, depending on the property.
Stamp Duty: 1% on properties up to €1 million, 2% on the excess.
Surveyor’s Fees: Approximately €300-€600 for a basic survey.
Valuation Fees: Required by lenders, typically €150-€250.
What is the conveyancing process?
Conveyancing involves the legal transfer of property ownership. Your solicitor will review the contract, conduct searches, and ensure clear title before you sign.
Do I need to get a survey on the property?
It’s recommended, as surveys can uncover issues (e.g., structural damage) that might affect your buying decision or negotiation.
How long does the house-buying process take in Ireland?
From offer acceptance to completion, it can take around 12-16 weeks, but this varies depending on factors like mortgage approval, property chain, and legal work.
What are the stamp duty rates in Ireland?
The standard rate is 1% for properties up to €1 million and 2% on the amount exceeding €1 million. This rate applies to residential properties.
Can I buy a house in Ireland as a non-resident?
Yes, non-residents can buy property in Ireland. However, mortgage terms might differ, and non-EU citizens may need to meet additional conditions.
What is gazumping, and how can I avoid it?
Gazumping occurs when a seller accepts a higher offer after agreeing to sell to you. While hard to prevent, moving quickly with contract signing can help reduce the risk.
How can I secure mortgage approval?
Most lenders require proof of income, savings, ID, credit history, and a property valuation. A good credit score and stable income improve your approval chances.
Can I negotiate the price of the property?
Yes, negotiations are common. Conduct research on similar properties in the area to help with bargaining.
What is a booking deposit?
A booking deposit shows serious intent to buy and is refundable until contracts are signed. It’s usually between €5,000 – €10,000, varying by the property.
What happens on completion day?
Once the sale completes, your solicitor will transfer funds, and you’ll receive the keys. You can then take possession of your new home.
This guide provides an overview, but each step may vary based on individual circumstances. Having a solicitor and mortgage advisor can greatly streamline the process.