You will need to have a solicitor in place to sell your property. If you have a mortgage, your solicitor must request your title deeds from your lender. It can take between four and eight weeks for your lender to issue the deeds. To avoid unnecessary delays instruct your solicitor to request the deeds as soon as possible.
If you don’t have a mortgage, give your title deeds to your solicitor. Once the solicitor has the title deeds he or she will investigate the title and see if they need to apply for any documents in order to complete the sale. Solicitor’s fees can vary a lot and may be either a percentage of the price of the property, or a flat fee.
A BER certificate is required if you are advertising a home for sale or rent, or before a new home is occupied for the first time. It shows how energy efficient your home is and checks energy use for space heating, water heating, ventilation and lighting. Your home is rated between A and G, with A-rated homes being the most energy efficient. . You will need to have this before working with an estate agent.
For more information on BER ratings you can go to the website of the Sustainable Energy Authority of Ireland (SEAI).
This is where Hutchinson Auctioneers come in. We value your property, arrange any advertising and co-ordinate viewings, as well as being involved in the completion of the sale in conjunction with your solicitor.
Give the estate agent a full list of all contents that will be included in the sale, for example furniture, appliances, blinds, as well as any damage or repairs needed to the property that will not be completed prior to the sale.
It may be a good idea to get an engineer’s report completed on your property before you put it on the market to highlight any issues. By giving this information to a potential buyer at an early stage of the process, it could reduce the possibility of the buyer looking to negotiate the price down after they conduct their own survey.
When offers start to come in it can be tempting to accept the highest bid offered, but there are a number of other factors that you should consider.
Once you accept an offer, the property is sale agreed and the buyer will need to pay a booking deposit to your estate agent. Booking deposits vary – they can be a specific amount, such as €5,000, or a small percentage of the offer made. This can be agreed with your estate agent. The booking deposit is refundable up until contracts are signed.
Your estate agent will prepare a document of sale details and send this to both the buyer’s and your solicitor. This document contains details of the price, conditions of the sale, the estimated closing date – the day the house sale will be completed – and the names and addresses of all those involved in the sale.
Finally it is time to complete the last steps of the process. You will need to attend your solicitor’s office to sign the transfer deed and other documentation that may be required to complete the sale.
You will need to provide proof of payment of household charges and LPT (Local Property Tax). This is generally handled by your solicitor. For more information on LPT visit www.revenue.ie.
In addition, if this is not your principal private residence, proof of payment of NPPR (Non Principal Private Residence charge) will be required for the years the charge applied (2009 – 2013). For more information on NPPR visit www.nppr.ie
Your solicitor agrees a final closing date with the buyer’s solicitor. This is the day you will hand over title deeds and keys and the balance of the sale price is sent to your solicitor.
If you have a mortgage, your solicitor is obliged to pay it off from the sale proceeds and any balance is transferred to your account after your solicitor has deducted all the agreed fees relating to the sale. (Credit ccpc.ie)