This is a disgrace from this seller. There needs to be changes made here for the Sale-Agreed process. Neither side should be able to back out without good reason. I think sellers should have to have a survey done pre-sale so there’s more transparency. #crazyhouseprices pic.twitter.com/LCGHMpkdiS
— Crazy House Prices (@crazyhouseprice) July 1, 2021
This morning.
Anyone?
Meanwhile…
The current cap of 4% on rent increases in Rent Pressure Zones will be replaced.
Rents will be linked to general inflation, as measured by the Harmonised Index of Consumer Prices, a model followed by EU countries.
Any rent increase will be linked to the rate of inflation at the time of a tenant’s rent review.
The level of inflation Ireland is expected to be 1.7% this month.
New measures to see rent increases linked to inflation (RTÉ)
it works both ways. if there was a financial crash today, prospective buyers would pull out of purchases.
though in fairness when this happend in 2008 and developers were left high and dry when purchasers pulled out, the state bailed them out.
Par for the course unfortunately.
Having said that, I sold an apartment last year at the ‘sale agreed’ price, even though the Estate Agent said that we could extract a few more thousand from the buyer. In my view, a deal should be a deal with no messing.
Additionally, what’s the idea of putting a deposit on a house / apartment as it’s refundable if the party pulls out?
haha look at you trying to get virtual hugs
and look at you, sniffing your own botty wipe.
The name change didn’t work out for you then?
What name change would that be pet?
The one I just made in tribute to Papi’s avuncular wit?
Only wit you’ll ever get near, ya pest.
Fair dues Giggidy.
We bought last year and we had a good experience with the seller who accepted the asking price too. We had nothing left and are over the moon with the move.
—-
While we’re at it.
I put in a new hob, all new heaters, and a water pump for the water pressure when I was selling my flat in Dublin.
The plumber was well impressed, telling me most people wouldn’t bother.
I had two motivations… to maximise the price, but I think I told myself that to justify the spend. My second motivation was that I wanted to leave my home of 20+ years in a manner showing that it was loved and cared for.
My wife told me my sentimentality was very costly LOL! :)
That’s admirable, Clamps. I hope you put in parquet floors as well ;)
Haha!
In fairness, there was a quality laminate, and new skirts, put in only the year before :)
Well done clamps. Maybe that pump pumped up your karma a bit and got you your forever home.
Nice.
I like to think so :)
Well done, all these things are also just good business sense. You can’t foretell the market.
Its Beyond Thunderdome! The Irish housing market, there are no rules.
more like a death match
No one can be forced to sell their property in the normal course of events. It ain’t over ‘til the fat lady sings, ie both buyer and seller have signed the dotted line. ‘‘Twas ever thus.
It’s not the Irish property market – it’s the case in most international markets. Until you sign the dotted line it’s not binding. It’s not just sellers either, plenty of messers on the purchasing side too. It’s good to have an exit for both parties until the deal is formalised contractually. A lot depends on the type of person you’re dealing with. Property is a funny thing, if it’s meant to be it usually works out. Hang in there
This is not new. It happened us with a “builders finish” house in 2000. This was a house the builder built on spec, and then offered for sale. When we agreed the price with him, it wasn’t finished. About 3 weeks later he came back looking for more, and again 2 weeks after that, and he constantly delayed signing. Eventually we told him where to stick it, and bought a much better, and cheaper house. I heard afterwards that he only got the original asking price.
Hah! for him.
Good for you! :)