Buying a house at present also.
Solicitor is under 1k + vat. Fixed fee
My survey is €400 + vat
Stamp duty is 1%
I have to pay for the Valuer- Bank recommended him from their panel but don't know the cost yet
Also have to sort Life Assurance and house insurance. Of course that can vary based on age, the house itself etc etc
Thats it as far as I'm aware from the Buyers prespective
Yes, I am a cash buyer, so this ~1.75% is the total cost of selling a house, legal fees plus Estate Agent ? Is this mainly EA fees ? If not it seems a bit odd, that the legal fees would be a %'age when selling but a fixed amount when buying ?Are u a cash buyer?
Selling fees can be c 1.75%
Buying a house at present also.
Solicitor is under 1k + vat. Fixed fee
Buying at the moment. Solicitor quoted 1.4k + .2k for extras, so 1.6k total. Engineer 400E.Hi,
I will be moving to Dublin and need to buy a house. I currently know very little about Dublin and there are uncertainties about where exactly I will be working etc. So, ideally I would like to move quickly and buy a house just to give me a temporary base to get a feeling for the city and then as soon as I know exactly what type of house and what area would be appropriate for me I would sell this initial house and buy my desired one. In some countries though buying property can be a very costly and complicated process so I am wondering what is the situation in Ireland? Would it be a costly mistake if I buy a temporary house to give me a base-of-operations and then sell it in 6 months time because I find it is completely unsuited to my needs? What I am asking here is what are fixed transactional costs, I have no interest in fluctuations in house prices as obviously these can't be predicted. So, from my own googling I have found the following costs:
1. Legal fees (conveyancing etc), some sources say these are fixed, some say they are a percentage of the purchase price ? Can anyone say for sure which it is ? If it is a %age, what is the typical % ?
2. A survey. How much would this typically cost ?
3. Stamp Duty. This is 1% for houses < 1 Million €, is this correct ?
4. When selling, there would be the additional cost of an estate agent, what is the typical cost of this service ?
5. ?? Any other costs I have missed ?
So basically I am trying to make sure that it would not be a costly mistake if I just buy a random house in Dublin to get myself settled in the country and get a feeling for the city, before selling that house a few months later to buy one that I really want.
Thanks
M.
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