Category: Property Purchases and Sales
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Closing Day in a Property Transaction-What Happens?
A question I am regularly asked by my property clients is “what happens on closing day?” Closing day, or completion day, is the day that the property is finally handed over from vendor to purchaser. The vendor must hand over the keys of the house and vacant possession. Prior to this the vendors’ solicitor will…
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Buying and Selling in a Property Chain-What You Should Know
If you are buying or selling a house now there’s a good chance you’ll be part of a chain. Do you understand what this means? Or how frustrating it can be? Let me explain. Let’s say you are a first time buyer and you come across the perfect property. You get your finance approval, succeed…
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The Contract for the Sale of Land and Real Property in Ireland-the Essentials
When conveyancing, solicitors nowadays will use a standard contract for sale, first introduced in 1976 by the Law Society of Ireland. The introduction of this standard contract was intended to eliminate the need for individual solicitors to draft their own contracts and sought to give a fair balance of rights between buyer and seller. The…
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Investigation of Title When Buying Property in Ireland
If you are buying a property in Ireland your solicitor will have to “investigate title”. What does investigation of title mean? The purchaser’s solicitor must ascertain The nature of the title offered for sale That he can acquire good marketable title on behalf of the buyer The property to be sold is sufficiently identified in…