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    Archived pages: 512 . Archive date: 2012-07.

  • Title: First Time Home Buyers Guide
    Descriptive info: Chapter 1: The 10 Steps to Buying Your First Home:.. 3: Make an offer on a property / pay booking deposit.. OK, now that you ve viewed a property and decided that you want to buy, it s time to speak to the estate agent to.. negotiate a deal.. The process is a little different depending on whether the property is second hand or if it s in a new housing development.. Buying a Second Hand Home:.. When you find a suitable property, you'll have to contact the estate agent who is looking after the sale and make an offer' on it.. Don t offer the asking price.. Make an offer below the asking price, and the seller will either accept or reject it.. If your offer is rejected, you can simply increase your offer.. Don t be embarrassed about making an offer significantly below the asking price all they can say is no.. Don t forget that the estate agent is working for the seller NOT for you (no matter how friendly they  ...   reason, you can't get mortgage approval, or if the survey reveals structural damage, and you don't.. proceed with the purchase, this booking deposit is usually refundable.. Buying a Brand New Home:.. There are set prices for each unit in a development.. Traditionally, there was no negotiation on the price.. However, in the current market, it s definitely worth haggling.. A lot of new developments have seen huge price reductions, so make sure to compare prices with similar.. developments locally.. Previous Page.. Next Page.. Contents Page.. Download the Full 127 Page Home Buyers Guide.. Search the Home Buyers Guide using Google:.. Download a Sample Chapter (free).. or instantly download the full 100+ page guide for 17.. Get a Mortgage Quote NOW.. Quotes from Mortgages Direct.. Low Cost Legal Fees.. For Home Buyers or Sellers.. 799 + vat + outlay.. House Surveys, Snags, BER.. Find a surveyor at surveyors.. ie.. Mortgage Quote.. Property Surveys.. Snag Lists.. BER Energy Ratings.. Property Guides.. Property News.. Home Buyers Guide 2009.. HOME BUYER WEBSITES:.. 2009.. Pay Per Click.. by.. PPC Ireland..

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  • Title: First Time Home Buyers Guide
    Descriptive info: Step 4: Hire a Solicitor.. You should appoint a solicitor, as soon as you place a booking deposit on a property.. Once you ve done that, give the solicitor details to your mortgage broker (or to your bank if you ve arranged your.. mortgage directly) so they can issue your letter of offer and to the estate agent who s looking after the sale.. Solicitor fees can be quite expensive.. Traditionally, solicitors charged a professional fee in the region of 1.. 0% - 1.. 5% of the purchase price (plus vat) and legal outlay.. However, some solicitors will now negotiate the rates they charge, so it s important  ...   cost conveyancing service can save you a lot of money.. For example, Moving.. ie offer legal fees of 847 + vat and legal outlay through a Dublin based legal firm.. Example:.. Paul and Sarah have just agreed to buy a home for 350,000 and have given the estate agent a booking deposit.. They have been quoted conveyancing fees of 1% of the property plus 21.. 5% vat, amounting to 4252.. 50.. Instead, if they use a low cost conveyancing service (from Moving.. ie s for example) they d pay 847 plus 21.. 5%.. vat, amounting to 1029.. 11 a saving of 3224.. 39.. For more info see:.. moving.. ie/conveyancing..

    Original link path: /guides/first-time-buyers-guide-19.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 5: Arrange a mortgage valuation.. As soon as you agree a price with the estate agent, inform your mortgage adviser, so that a mortgage valuation of the property can be completed.. A mortgage valuation is an inspection of a property to establish the market value.. It involves a qualified valuer.. visiting the property to confirm that the property is a suitable property to offer a mortgage on.. (It should not be.. confused with a surveyors report, which is explained on page 23).. While it s completed in the interest of the bank you  ...   price can vary.. Your mortgage adviser will either arrange this valuation for you or will give you a list of acceptable valuers in the area who can complete the valuation for you.. If you are buying a new home off plan, the lender will usually need an initial valuation and a final valuation when the property is completed.. This usually adds about another 70 to the cost.. When the mortgage valuation is completed, it s submitted to the lender and a 'letter of offer' will be issued by the.. Bank or Building Society..

    Original link path: /guides/first-time-buyers-guide-21.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 6: Letter of Offer.. A letter of offer is the contract between you and the bank, which outlines the terms under which they will lend you the money.. It outlines:.. The purchase price.. The amount you will borrow.. The mortgage term (i.. e.. how many years you are taking the mortgage over).. What type of rate you are choosing (e.. g.. fixed rate, tracker rate, variable rate).. What is the initial interest rate.. Any conditions which need to be met, before the mortgage cheque is issued.. 2 copies of the letter of offer should  ...   it carefully, paying particular attention to the special conditions.. Important: These special conditions have to be complied before you get the mortgage cheque, so make sure you are in a position to satisfy all these conditions.. These conditions could include:.. Provide the bank an original mortgage protection policy.. Provide the bank a home insurance letter of indemnity.. Give evidence of where you are getting your deposit.. Letter from your parents to confirm that money they have given you for a deposit is a gift not a loan.. Evidence that a loan has been paid off..

    Original link path: /guides/first-time-buyers-guide-22.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 7: Surveyors Report.. If the property is a second hand property (especially an older one), you should arrange a survey, to ensure that theproperty is structurally sound.. It is NOT required by the mortgage lender but is important for your protection.. Some people don t bother getting a report done, as they want to save on the cost, but if you take nothing  ...   They are not particularly cheap, but I ve come across quite a few home buyers over the years, who have saved.. themselves from the nightmare of buying a home with bad structural problems by getting a house survey completed.. Some of the problems, which only the experts will notice, can cause a fortune to fix.. You can find a local surveyor on.. surveyors..

    Original link path: /guides/first-time-buyers-guide-23.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 8: Sign Contracts / Get an estimated Closing Date.. As soon as the letter of offer is issued and the property survey is completed, you should arrange with your solicitor to sign contracts.. At this stage you ll have to pay the balance of the deposit through your solicitor (which along with the booking deposit you've already paid, usually adds up to 8% - 10% of the property price).. When you sign contracts, you are committing yourself to the purchase, and if you pull  ...   should now give you an estimated completion date, when all things going well, you'll receive the keys!!.. Inform your solicitor and mortgage broker when you expect to complete the purchase so they can ensure that they have their work completed in time.. It s important to remember that the estimated completion date is only an estimated date.. House purchases often.. drag on past the projected completion date, so if you are planning on giving notice to your landlord, allow some extra time for delays..

    Original link path: /guides/first-time-buyers-guide-24.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 9: Pre Completion Requirements.. People often say that buying a house is really stressful (and it certainly can be).. The biggest stress point is just.. before closing the purchase, caused by delays in getting the mortgage cheque issued.. The banks mortgage completion departments have a checklist of documents which need to be in place before they issue the cheque - if any item is outstanding they won t issue the money.. Allow yourself plenty of time to arrange the outstanding requirements.. These include:.. Apply for mortgage protection (life) insurance:.. This insurance usually takes about a week or ten days to set up, but it can take a lot longer if you have a.. medical condition or family medical history  ...   the policy.. Assigning the policy means that if you died the life insurance cheque.. will go to the mortgage lender to pay off your outstanding balance (and any excess is then paid to your.. estate).. House ( contents) insurance.. Your mortgage letter of offer will outline how much the house has to be insured for.. You will need your.. insurance company to issue a letter of indemnity , naming your mortgage lender, which you should give to.. your broker.. Some lenders will require the original document may not accept a fax or scanned copy of it.. Special Conditions:.. You should also make sure that any other loan conditions, as outlined on your letter of offer, are taken care of.. now..

    Original link path: /guides/first-time-buyers-guide-25.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: 10: Complete the purchase get the keys.. When the Estate Agent is ready to close the sale, your solicitor will request the mortgage cheque from the Bank orBuilding Society.. Assuming that ALL the conditions on the letter of offer have been met, the bank s  ...   ll usually meet the solicitor at this stage, sign some documents and pay your legal fees and outlays (such as.. Land Registry fees etc).. Your solicitor will issue a check to the sellers solicitor and you'll get your house keys.. Time to crack open the Champagne!!!!..

    Original link path: /guides/first-time-buyers-guide-26.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: Chapter 2: Buying a Home During the Credit Crunch.. With all the talk about the fall in property prices, the problems with the economy and the credit crunch, it s no.. wonder that people are thinking twice before they jump onto the property ladder.. And I don t blame them.. Buying your first home is a big decision, so you should consider things carefully before you sign on the dotted line.. We ve seen both good news and bad news for first time buyers in the last year.. While buying a home has  ...   few pages, we ll outline both the positives and the negatives of buying a home in the current environment.. You may decide that now is the right time to buy a home or you may want to hold off a little longer before you.. take the plunge.. But in either case, you need to start your preparations straight away.. After we discuss the positives and the negatives, we ll outline the 4 steps you need to take right now to.. ensure you ll be in a position to buy when you want to..

    Original link path: /guides/first-time-buyers-guide-28.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: Positives of buying a home:.. Buying a home has become a lot more affordable over the last 12 months for three main reasons lower.. interest rates, a significant drop in house prices, and an increase in mortgage interest relief.. Lower Interest Rates:.. The ECB reduced mortgage interest rates by 1.. 75% in the last 3 months of 2008.. This resulted in a typical saving of 279 per month on a 300,000 mortgage over 25 years, which is a pretty.. substantial saving in anyone s book.. The expectation is that there will be further interest rate cuts in 2009, bringing down the cost even further.. Update: as of  ...   ESRI House Price Index, prices have dropped 10.. 2% in the 12 months to.. October 2008 (14.. 9% in the 24 months from October 2006).. In reality, due to the way they record their figures, the Permanent TSB / ESRI house prices will reflect house sale.. prices of approx.. 4 6 months ago, so the reductions in property prices are probably even higher than the figures suggest.. The reduced prices are even more evident in the new homes market, as property developers slash prices to shift their properties.. The general consensus is that the prices of new homes have fallen by 30 35% since their peak in 2006..

    Original link path: /guides/first-time-buyers-guide-29.asp
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  • Title: First Time Home Buyers Guide
    Descriptive info: Positives of buying a home.. cont:.. A development in Swords, Co Dublin, for example dropped prices by 40% to sell homes in the final phase.. It s pretty clear that there are a lot of bargains out there.. (In the chapter on choosing the right property, we ll outline the tactics we suggest you take to negotiate bargain.. basement prices when buying a house).. Mortgage Interest Relief.. The government gives home owners tax relief on the interest they pay on their mortgage.. The tax relief was increased for first  ...   with bigger mortgages will be able to claim more cash back.. Better than Renting?.. With improved affordability, buying a home has become more attractive for people in stable jobs who are.. currently renting.. In many cases, it is now cheaper to buy a starter home than to rent.. Negatives of buying a home:.. While buying a home has become more affordable over the last year, financing the purchase has become more.. difficult.. The banks now require bigger deposits, and the criteria to qualify for a mortgage has tightened up too..

    Original link path: /guides/first-time-buyers-guide-30.asp
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  • Archived pages: 512