- THE VALUE OF THE PROPERTY
A real estate agent would gladly provide you with a free valuation of your home at your request. Check the online Irish property price register to get a sense of the market, and don’t be shy about going to open houses for comparable homes in the area.
- CHOOSE A REPRESENTATIVE
Confirm that you are getting a fair price by interviewing many real estate agents before making a final decision. Real estate brokers that give you unrealistically high estimates should be avoided at all costs. A broker who guarantees you a drastically low rate is probably trying to pull your leg.
- PREPARE YOUR PROPERTY
Keep in mind that most buyers prefer a blank canvas and lack the imagination to see a property’s ‘potential’ while you’re staging it for sale.
Think of it as a chance to clean house and get rid of any old furniture you no longer need. The “kerb appeal” of your home is crucial, as first impressions last. Both the interior and outside of the house are included in this. Keep your yard neat and clean, and make sure your foyer looks inviting. You could also have a friend give you an objective assessment of your home’s appeal.
You don’t have to go into debt to get your home ready for the market, but you should make sure that there is as much open space and natural light as feasible.
- MARKETING OF PROPERTIES
In addition to their commission, traditional real estate companies will likely charge you for newspaper ads and other marketing expenditures. Everyone wants their house to be featured in the newspaper, but you should consider whether or not doing so will actually be a good investment. More than ninety percent of Irish homebuyers start their search online.
If you want to get the best possible price for your house, professional photography is a must.
- CHOOSE A REPUTABLE SOLICITOR
Choosing a solicitor early on in the conveyancing process (the legal procedures involved in selling your house) is highly recommended.
Keep in mind that many real estate agents take a cut of the sale price as their commission.
- EFFICIENCY RATING (BER) CERTIFICATE
You need a Buildings Energy Rating (BER) certificate to sell your home in today’s market.
The purpose of the BER is to make the energy efficiency of a building more transparent to potential buyers. As part of this process, a BER assessor will conduct an inspection of the home. The report is subsequently sent to Sustainable Energy Ireland (SEI), which grants a certificate based on the results.
As was previously said, you should get your house ready for showings so that it looks its best to potential buyers. Be as accommodating as possible to the schedules of potential purchasers when setting up showings.
8 GET OFFERS AND NEGOTIATE TERMS
If at all feasible, you should never, ever, fall below your bottom line. Your strategy here will depend on the closeness of the offer to the asking price, your timeline for selling, and your openness to a more in-depth conversation. When potential buyers make offers, you can either accept the first one they make or hold out for a higher price.
- APPROVAL TO PURCHASE
A deposit represents the buyer’s commitment to purchase once you’ve accepted their offer. The money is refundable if customers cancel the order before the contract is signed.
The buyer should now schedule a structural survey of the property. If the buyer needs financing for the purchase, the buyer’s financial institution will also schedule an appraisal.
- EXCHANGE OF CONTRACTS
Once everything is in order, your lawyer will urge you to sign contracts without any conditions. The purchaser signs this, and then sends it back to your attorney for a countersign. After that, the buyer will put down the last 10%.
- CLOSE OF SALE
The sale is finalized after the buyer and seller have signed all necessary documentation and ownership has been transferred to the buyer.
The closing will take place on a date mutually agreed upon by both parties, and the remaining funds from the transaction will be sent to your attorney. If you’re looking to sell your Irish home to foreign buyers, get in touch with us today.