There is no doubt that selling a property in Ireland fast is stressful, with several outcomes imaginable before your home is sold. With this 11-step strategy to selling your property, you can reduce stress and be prepared. Liberty Insurance is the event’s sponsor.
1. PROPERTY VALUE
You may request a free valuation with an estate agent to find out the market worth of your home. To evaluate the market, check the Irish property price register online, and don’t be hesitant to attend open viewings of similar houses in your region.
2. SELECT AN AGENT
Meet with many estate agents before deciding on one to confirm that you are receiving good value. Don’t be fooled by estate agents that promise the moon in terms of property appraisals. If an agent promises they can get you a ridiculously low price, it’s generally too good to be true.
3. GET YOUR PROPERTY READY
When prepping your house for sale, keep in mind that most purchasers like a blank canvas and will have little creativity when it comes to looking at a property’s ‘potential’!
Consider it an opportunity to do some clearing and get rid of any unwanted furnishings. First impressions are everything, so make sure your house has ‘kerb appeal.’ This includes both the outside and the inside of the home. If you have a yard, keep it nice and tidy, and make sure your entry hall is pleasant. It’s also a good idea to ask a friend to provide honest opinion on how your house appears to potential buyers.
You don’t have to spend a lot of money to prepare your property for sale, but try to provide as much room and light as possible throughout your home.
4. PROPERTY MARKETING
Traditional estate agencies will charge marketing expenses in addition to their commission, and they will almost certainly charge extra for newspaper advertising. Everyone wants to see their home in the paper, but before you spend the extra money, make sure it makes sense for your property. In Ireland, more than 90% of prospective buyers browse for property online.
When selling your home, photography is crucial, so make sure your estate agent offers you with high-quality images.
5. SELECT A SOLICITOR
Conveyancing refers to the legal procedures involved in selling your home, and it is critical to select your solicitor early in the process.
Be aware that many solicitors charge a portion of the home’s asking price.
6. CERTIFICATE OF ENERGY RATING (BER)
When you place your house on the market, you must have a Buildings Energy Rating (BER) certificate.
The BER is intended to make a property’s energy performance apparent to potential purchasers. A BER assessor will complete an evaluation of the property as part of this procedure. The evaluator then forwards the findings to Sustainable Energy Ireland (SEI), which issues a certificate.
As previously said, prepare your property for viewings so that it is presented in the best possible light. When it comes to viewing schedules, be as friendly and flexible as possible for your potential buyers.
8. RECEIVE AND NEGOTIATE OFFERS
Know your bottom line and never, ever go below it if possible. How you approach this will be determined by how near the offer is to the asking price, your schedule for selling, and your willingness to engage in a lengthier discussion. When buyers begin making offers, you have the option of accepting one or standing firm and waiting for larger bids.
9. CONSENT TO SELL
If you accept a buyer’s offer, the buyer will pay a deposit as an indication of intent. If they decide to back out of the deal before the contract is signed, the deposit is refunded.
It is customary for the buyer to arrange for a structural survey of the property at this time. If the buyer is financing the acquisition, their lending institution will also organise their own appraisal.
10. CONTRACT EXCHANGE
Your solicitor will ask you to sign unconditional contracts once everything is in place. This is signed by the buyer and then returned to your solicitor for your counter-signature. The buyer then pays the remaining ten percent deposit.
11. COMPLETION OF THE SALE
When all legal paperwork between buyer and seller have been signed and full ownership has been legally transferred to the buyer, the transaction is properly completed.
Your solicitor will agree on and arrange an acceptable closing date, and the remaining proceeds from the sale will be put into your solicitor’s account.
Contact us today to sell a house in Ireland to overseas investors