Are you a cash buyer? If you are fortunate enough to be able to purchase property for cash, you will enjoy a number of advantages over other potential buyers. Certainty and speed Firstly, you will know exactly where you stand and how much you can spend. You will not be wondering about whether the bank … Read more
Thinking about investing some hard-earned cash in property or shares? You need to have a basic understanding of yield, in that case. Yield is a future looking measure of the income you can expect from a given investment. Yield is expressed as an annual percentage based on the initial investment. Buy to let investment For … Read more
One of the tasks that must be carried out on closing day of a property transaction is the carrying out of legal searches by the purchaser’s solicitor. He will then send these searches to the vendor’s solicitor for certification and explanation of any acts arising on those searches. The searches that are typically carried out … Read more
Stamp duty on residential property in Ireland is 1% of the purchase price of the property. If there is no purchase price-for example a gift-stamp duty is calculated on the market value of the property. For example, if you buy a secondhand house for €250,000 your stamp duty will be 1%-that is, €2,500. New Houses … Read more
The one piece of advice I would give anyone who is considering buying a secondhand property is to have a structural survey carried out. The principal purpose of this survey and report is to tell you if the house is structurally sound. It should go further than this, but this is the main reason for … Read more