Selling privately may not be any faster. You will probably need to wait until property is vacant, before starting the process...there is a bit involved once the solicitors get involved. Pros and Cons...
Selling privately may not be any faster. You will probably need to wait until property is vacant, before starting the process...there is a bit involved once the solicitors get involved. Pros and Cons...Thanks for that , God it seems a long time , I was hoping to have it done by Christmas as we are hoping to buy a new family home ourselves , that sort of a time frame would really delay us
Very true , will wait and see . Have to say with the lack of accommodation I did think they would be more responsiveSelling privately may not be any faster. You will probably need to wait until property is vacant, before starting the process...there is a bit involved once the solicitors get involved. Pros and Cons...
I would struggle to evict a young mother and 3 children Christmas week. As much as we would love to sell the property I would struggle to see her homeless, she is an excellent tenant. I am hoping this scheme works for us both. selling to FCC works for me as I don't have to pay estate agent fees, deal with covering the mortgage myself while property would be vacant on open market and sale going through which could be months or paying for upgrades like fresh paint before it goes to market.I may not fully understand but why would you chase them to buy?
If they drag their heels & the Tenants are approaching their vacate date just put it on the open market or at least notify FCC of your intent to do so.
can I asked if the sale price was close to market value, were you able to negotiate with them?I've just gone sale agreed with Fingal Co Co. My tenants are long term on HAP. I gave them over two years notice, (when the part four tenancy ends) So far the process has only take 3 weeks. I gave my tenants notice, organised a BER, FCC sent a valuer and a surveyor on the same day then made me a offer.
They offered just below market rate, I rang and said I was disappointed. They came back with a higher offer.can I asked if the sale price was close to market value, were you able to negotiate with them?
Less hassle and no guarantee you will do any better.Why not sell on the open market?
you have guaranteed rent until the day the sale closes. The risk of the sale dragging on months between solicitors and my house vacant with no rental income is not something I want. I have purchased 3 properties in my life the quickest closed in 4 months the longest took 8 months. also no estate agent fees.Why not sell on the open market?
For the tenant in situ scheme you must have a HAP tenant and given legal notice to the tenant to end the lease.Whats the process for selling to the council, eg they do a survey of the house ,if they decide to buy it ,they go through the legal process ,re deed,s ,ber, etc at what point do they take over the house , eg secure the house ,
Is it like a private sale ,eg when both contracts are signed . Why does it take a year to complete the legal process for DCC. is the survey basically they just walk around and photograph all the rooms, measure the rooms and measure the garden ?
do they come back more than once to measure insulation or other aspects of the building
100% agree. Conversely, I was trying to agree a sale to a tenant (non HAP). I was offering it at a fair price based on the market valuation. The tenant was looking for a larger discount. If we were close I would have agreed a sale. Based on my experience of both, I would sell to a council any day over a sale to a sitting tenant.Less hassle and no guarantee you will do any better.
Its no longer for just HAP tenants. If the tenant is not on HAP and there is reasonable evidence they would have difficulty in finding a new home on the open market, the council are supposed to refer the case on to the Housing Agency who will look at buying it for cost rental.For the tenant in situ scheme you must have a HAP tenant and given legal notice to the tenant to end the lease.
You contact DCC and fill in an expression of interest form, both yourself and the tenant will have paper work to fill out. You will need a BER on the property and basic information on the property, no of bedrooms, bathrooms etc. DCC will then inspect the property and if they wish to proceed offer a price. The DCC and your own solicitor would close the sale. There would be no estate agent involved. There is no time frame on how quickly yours or there solicitor works.
DCC have various schemes for buying private houses/apartments, the tenant in situ scheme is currently one of the.
Did FCC end up purchasing your property? I have an application in with FCC however unsure if they will be interested in the property as it is an apartment with a management fee. It’s currently at assessment stage .For the tenant in situ scheme you must have a HAP tenant and given legal notice to the tenant to end the lease.
You contact DCC and fill in an expression of interest form, both yourself and the tenant will have paper work to fill out. You will need a BER on the property and basic information on the property, no of bedrooms, bathrooms etc. DCC will then inspect the property and if they wish to proceed offer a price. The DCC and your own solicitor would close the sale. There would be no estate agent involved. There is no time frame on how quickly yours or there solicitor works.
DCC have various schemes for buying private houses/apartments, the tenant in situ scheme is currently one of the.
last update I got was it was on a senior managers desk. tenant is due to vacate by Dec 16th 2023 so clock is ticking. Mine is also a duplex with management fees. We are still waiting for an inspection on the property from the council, after this I believe we will be made an offer.Did FCC end up purchasing your property? I have an application in with FCC however unsure if they will be interested in the property as it is an apartment with a management fee. It’s currently at assessment stage .
Apparently they are currently dealing with evictions due to expire this month so it appears there is a huge backlog and will be a last minute offer closer to the timelast update I got was it was on a senior managers desk. tenant is due to vacate by Dec 16th 2023 so clock is ticking. Mine is also a duplex with management fees. We are still waiting for an inspection on the property from the council, after this I believe we will be made an offer.
I suspect you are right and they will deal with it at the 11th hour! it is unfortunate if it doesn't work out it gives a lot of false hope to tenant, but gives me a stronger position to negotiate sale price if they have left it too late for tenant to find alternative accommodation.Apparently they are currently dealing with evictions due to expire this month so it appears there is a huge backlog and will be a last minute offer closer to the time
I’m not sure if yours is a one bedroom also however they seem to be focusing on purchasing one beds as there is very little stock of one beds being built. I’m unsure of price caps they have in regards to making offers, information is very hard to come byI suspect you are right and they will deal with it at the 11th hour! it is unfortunate if it doesn't work out it gives a lot of false hope to tenant, but gives me a stronger position to negotiate sale price if they have left it too late for tenant to find alternative accommodation.