1eyeonthefuture
Registered User
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- 85
Am looking at purchasing an 800k /900k property in Kildare.
In order to finance same I need to sell my current property and use the equity built up in same in conjunction with a mortgage.
I met with an estate agent who seems to get a good portion of the more expensive properties on his books.
He advised me that to be successful in the market that I was attempting to buy in, his strong advice would be to have my house sold and money in the bank prior to bidding on a target property.
Quite simply the delay in selling my own property should I find a suitable new house would prove detrimental to a successful bid.
My problem is that maybe 4 houses come up in the area every year that would be attractive, therefore I could potentially be renting in a house that doesn't suit for a long period while I wait for a property to come on the market that I may or may not be successful in purchasing.... And all the time I've sold a house that I love but is just too small which is the driver of the new purchase.
I've never been in a chain before and have very little experience in purchasing property.. What are peoples thoughts on the estate agents advice? Is this the norm course of events that people take?
I'm told by a couple of estate agents that my own house would fly off the shelf should it go on the market.
Thanks
In order to finance same I need to sell my current property and use the equity built up in same in conjunction with a mortgage.
I met with an estate agent who seems to get a good portion of the more expensive properties on his books.
He advised me that to be successful in the market that I was attempting to buy in, his strong advice would be to have my house sold and money in the bank prior to bidding on a target property.
Quite simply the delay in selling my own property should I find a suitable new house would prove detrimental to a successful bid.
My problem is that maybe 4 houses come up in the area every year that would be attractive, therefore I could potentially be renting in a house that doesn't suit for a long period while I wait for a property to come on the market that I may or may not be successful in purchasing.... And all the time I've sold a house that I love but is just too small which is the driver of the new purchase.
I've never been in a chain before and have very little experience in purchasing property.. What are peoples thoughts on the estate agents advice? Is this the norm course of events that people take?
I'm told by a couple of estate agents that my own house would fly off the shelf should it go on the market.
Thanks