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What happens on completion day?

2 July 2025 #

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.

What is a booking deposit?

2 July 2025 #

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.

Can I negotiate the price of the property?

2 July 2025 #

Yes, negotiations are common. Conduct research on similar properties in the area to help with bargaining.

How can I secure mortgage approval?

2 July 2025 #

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.

What is gazumping, and how can I avoid it?

2 July 2025 #

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.

Can I buy a house in Ireland as a non-resident?

2 July 2025 #

Yes, non-residents can buy property in Ireland. However, mortgage terms might differ, and non-EU citizens may need to meet additional conditions.

What are the stamp duty rates in Ireland?

2 July 2025 #

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.

How long does the house-buying process take in Ireland?

2 July 2025 #

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.

Do I need to get a survey on the property?

2 July 2025 #

It’s recommended, as surveys can uncover issues (e.g., structural damage) that might affect your buying decision or negotiation.

What is the conveyancing process?

2 July 2025 #

Conveyancing involves the legal transfer of property ownership. Your solicitor will review the contract, conduct searches, and ensure clear title before you sign.

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