Hi Terry, could you kindly make a video explaining the process from first to last for buying a land/plot for housing in Cork, Ireland. Then the steps involved in the paper works to start building the house to getting it done. Thanks in advance.
in all those explanation I still don't get it, who pays the solicitor and the fees if the selling party decides to take another offer, or if during the checks it turns out there is debt on the property or whatever. what are the expected costs for me as potential buyer?
@@terrygorryTerry I must have bought 15 properties in the last 20 years and never got completed within at least 12 weeks, bar I bought from an auction
What else is required for the anti money laundering? Do you need bank statements going back many months? Is there a cash limit or do solicitors look back regardless of the cash amount?
@terrygorry If I don't want to go through banks because of interest payments and foreclosure risk and instead wish to borrow from a couple of family members will solicitors need the bank statements and income/job of those family members to prove proof of funds?
Thanks Terry! My husband and I might be hitting up your email in a fortnight. A very timely video! If we’re abroad, is it possible to do all the signings online?
Hi Terry currently selling our home is the closing date adhere to from your experience? We have a 3 week gap between contract signing and closing date(lian drawdown) just want to understand how feasible it is to achieve this ( for context we had all the paperwork ready before going sale agreed)
Your solicitor is the best person to advise you about this. He or she is aware of all the variables and moving parts, terms and conditions for both contracts, the position of the vendor, what is outstanding for loan drawdown etc.
Can you please describe what limitations and verifications cash buyers do have? Lets say there are refugee foreigners who have some cash under the hood they brought to country somehow. Can they just go and buy real estate in Ireland? What issues they will face? Thanks.
Currently selling our house.....AIB took 6 weeks to release documents ......the most frustrating process a person will ever undertake
Dont work for AIB but have worked for other lenders, the majority of the time its the solicitors fault and they will blame the lender
Hi Terry, could you kindly make a video explaining the process from first to last for buying a land/plot for housing in Cork, Ireland. Then the steps involved in the paper works to start building the house to getting it done. Thanks in advance.
Hello, that’s a great question! We have been looking here in the USA.. But Ireland is So beautiful.
Found this useful Terry
in all those explanation I still don't get it, who pays the solicitor and the fees if the selling party decides to take another offer, or if during the checks it turns out there is debt on the property or whatever. what are the expected costs for me as potential buyer?
Hi Terry, allowing that all goes smoothly roughly how long does this process take?.
4 to 6 weeks, provided both sides are businesslike and professional
@@terrygorryTerry I must have bought 15 properties in the last 20 years and never got completed within at least 12 weeks, bar I bought from an auction
Always great/informative information.
What is the standard legal fee ? Is it a set fee or % ?
Set fee with me, anyway. But value of house is a factor in setting the fee.
What else is required for the anti money laundering? Do you need bank statements going back many months? Is there a cash limit or do solicitors look back regardless of the cash amount?
Initially, photo id and a copy of a household bill is enough.
Cash buyer? We need to make enquries about the source of funds.
@terrygorry If I don't want to go through banks because of interest payments and foreclosure risk and instead wish to borrow from a couple of family members will solicitors need the bank statements and income/job of those family members to prove proof of funds?
Hi Terry, Would it be similar steps in buying a small amount of agriculture land for cash without a Bank loan? Thanks
Same steps, bit easier though 👍
Thanks Terry! My husband and I might be hitting up your email in a fortnight. A very timely video! If we’re abroad, is it possible to do all the signings online?
Not if you’re borrowing
@@terrygorry we’d be cash buyers.
@@LisaHafey then we could sign contracts on your behalf, with your authority.
Hi Terry currently selling our home is the closing date adhere to from your experience? We have a 3 week gap between contract signing and closing date(lian drawdown) just want to understand how feasible it is to achieve this ( for context we had all the paperwork ready before going sale agreed)
Your solicitor is the best person to advise you about this. He or she is aware of all the variables and moving parts, terms and conditions for both contracts, the position of the vendor, what is outstanding for loan drawdown etc.
If we are buying using affordable home scheme , is it estate agent or council we will be dealing with ? In the steps you have laid out
@@fmalexander5555🤔
Can you please describe what limitations and verifications cash buyers do have?
Lets say there are refugee foreigners who have some cash under the hood they brought to country somehow.
Can they just go and buy real estate in Ireland? What issues they will face?
Thanks.
I feel like i will never be able to buy a home... Its all gone to @#£*