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Moving
House - Step by Step
Once you have made the decision to sell your home there are a
few pointers that should be noted:
Step
1 - Applying online with The Mortgage Advice Store
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Calculate
the mortgage amount you require remembering to budget for
any stamp duty and fees. |
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Make
an online mortgage application
with The Mortgage Advice Store |
Step
2 - Talking to our consultant
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The Mortgage Advice Store will receive your application and contact
you to get more information and set up a meeting. |
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In
preparation for this meeting we will ask you to assemble certain
information |
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At
the consultation our Mortgage professional from will outline
the various mortgage options available within the Irish mortgage
market recommending the best to suit your individual circumstances.
We will of course also deal with any queries you may have. |
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If you require a bridging loan (money to cover the cost of
the new house before you have released the equity of the house
you are selling) or deposit be sure to tell your mortgage
consultant and we will make the necessary arrangements. |
Step
3 - Mortgage Approval
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Following
our meeting we will present your application to the chosen
lenders in order to obtain formal mortgage approval. |
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Mortgage
approval (assuming we have all the documentation) usually
takes about 2 to three days. |
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Generally
a formal loan offer will only issue when your new house has
been identified and valued |
Step
4 - Estate Agent
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Contact
a selection of estate agents with good reputations. |
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Ensure
your chosen estate agent advertises in on the Internet to
reach the widest audience |
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Negotiate
a fee with the estate agent - the normal fee is 1.5% plus
outlays (advertising, brochure printing and sign.) Get a complete
fee breakdown before agreeing the sale. |
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Agree
a selling price with the estate agent. It is our considered
opinion that your mortgage advisor should be completely independent
of your estate agent. |
Step
5 - Selling your home
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The
estate agent will begin preparing for the sale by printing
brochures (you may want to proof read the text for this),
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Pictures
of the house will be taken so stage your house to ensure your
house appeals to the widest range of buyers. |
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Unfortunately
when selling your house it must be kept in show house condition
as viewing may come at short notice. |
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Your
estate agent will receive any offers on your home and try
to get the best deal possible. |
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Hang
on for your price, the estate agent commission levels will
not change much with a couple of thousand Euro although this
will make a difference for you. |
Step
6 - Buying your new home
Step
7 - Solicitor
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Select
a solicitor - fees may vary, recommended fees are 1% of the
house value plus 100 Euro Be aware that solicitor fees do
not include VAT and additional outlay which may vary greatly.
Outlay may include law searches, land registry fees, couriers,
stamp duty etc. |
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The Mortgage Advice Store have special arangements with a
number of solicitors offering significantly lower legal fees
than the rate quoted above. |
Step
8 - Sale Agreed on your home
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Once
the sale has been agreed your solicitor will receive a copy
of the deposit confirmation and will draw up a contract -
contracts are normally signed 4 weeks after a booking deposit
has been received.
You need to carefully consider your circumstances before signing
a contract for the sale of your house. Have you found your
new house yet and have you signed a contract. What is the
closing date? Does it suit you? |
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Contracts will be signed and 10% of the purchase price minus
the amount paid for the booking deposit will be paid to your
solicitor. |
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Prepare
for your move with this list of people to contact, ensuring
your move is smooth. |
Step
9 - Moving Day
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Here
is a helpful count down to moving checklist you may need |
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On
the closing day ensure that the house is empty, clean and
ready for the new occupier |
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Your solicitor will receive the balance of the amount due
- 90% of the agreed price. The keys will be handed over and
your house will be sold. |
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It
is time to move into your new house, the timing of this can
be stressful, to ease the move it is best to organise professional
movers. You can start packing and labeling boxes in advance
leaving only the minimum for the moving date. |
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If
you have children arrange for someone to mind them, this is
not a job that can be controlled without your full attention.
Although not essential it is normal to thoroughly clean your
house before leaving. |
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