in this video I put together a sort of a compilation I've made a number of videos
from my Instagram profile of my Instagram account and obviously each
video for Instagram can only be one minute long so I've actually got six of
them up put them together all under the one seam of buying or selling a house so
if you're interested in buying or selling property residential property
then in this video you're gonna see four or five or six smaller videos wooden
minute video is dealing with three tips for buying a house buying repossessed
property caveat emptor the principle of talion
i'm throwin you're buying a secondhand house two documents that you need to
sell your house so be sensual services that you need to check out when you're
buying a house in the country planning considerations when you're buying a
house and stamp urea which stands you today okay so each of the videos
covering each topic is about a minute long hope you find it useful if you do
give us a thumbs up down below as I say this is a compilation and sort of a
remix of videos that are made for Instagram and they're obviously on the
administer okay in this video I want to give you three tips if you're buying or
thinking about buying a house an apartment in Ireland number one ensure
that you have adequate finances to cover all of the outlays that you're going to
incur so you're gonna have in addition to the purchase price of the house
you're gonna have stamp duty you're gonna have property registration
authority fees you're gonna have the C for a value or so there you're gonna
have a C for structural survey you're gonna have legal fees you're gonna have
Commissioner for oaths fees and you may have miscellaneous fees as well you may
have to pay a proportion of for example LPG
so you need to get your finances in detail and not just a low for the
purchase price of the house number two make sure to get a structural survey
carried out it's vital that this is not a valuation it's a structural survey by
it so there already and of three listen to your
professionals advisors your solicitor you're a surveyor your architect don't
ignore their advice because they have been through in the mirror and they know
the story if you were thinking about buying repossessed property or
distressed property or property at an all subs option there's one thing that
you need to be very very careful about and that is that you do your due
diligence and Cairo's rigorously beforehand because the type of contract
that you're gonna be facing not an option he's gonna be drafted very much
in favor of the seller the lender essentially who has repossessed the
property and there's going to be all sorts of disclaimers and qualifications
in that contract so there's no point going to for example a no it's
obstruction and signing the signing the contract and then discovering a problem
with the property you absolutely must do your due diligence first and as I say
because the repossessed situation the bank is going to have their solicitors
and structure the solicitors are going to draft a contract in such a way that
would protect the bank protect the seller so do your research force if you
were buying a second-hand property you better be sure you're aware of a phrase
called caveat emptor caveat emptor means let the buyer beware it's a Latin phrase
essentially it means that you're buying a second-hand property you buy it in the
state and condition that you find it in so it's very very important to carry out
social survey and carry out your research and do due diligence before you
sign the contract because if it's a secondhand house house you really have
no comeback you as a say are assumed to have carried out the various checks and
balances that you need to ensure you're buying your house or you know exactly
what you're buying and therefore you know that the structural position that a
gin and the conditional chain is as you have found so you can check out more of
my videos on my youtube channel
question that comes up from the time with anybody selling their
house it's what documents to a need so you need four clear title documents
these are the documents proving your ownership of the house and the title
from which the ownership emanates secondly you're gonna need planning
documentation planning documentation for the original construction of the house
will be with the title documents however if you've carried out any extensions or
any conversions door will convert RT conversions for example extensions over
the years you're gonna need client documentation in relation to that so
that would include a certificate of compliance with building regulation
apply information hardly ever need to be or assert for clear underneath proof of
payment of LPT local property tax for all of the relevant years including the
current year and finally you're gonna need a proof of payment of NPP or tax
which was in existence from 2009 to 2013 second service you need to be concerned
about is the water if you are buying a one-off property in the country then
you're probably going to have either group water skiing or you have your own
well now you see here I have my own well it's in that little compost there to buy
so basically there's a well board and we are responsible for maintaining the pump
pumping the water up bring it into the house and so on and so forth
critical thing here is that your well is again entirely contained within the
boundaries of your property the third thing you need to be concerned about
when you're buying a property particularly one off property in the
country is that it is served by a road that's taken in charge by the local
authority and if you look behind me here this road running past the front of my
property and I know and that's been long in charge at the local sir
you were buying a house one of the most important things that needs to check
though is the planning situation you need to grab salutely satisfied that the
property in question has the correct plan information that any extensions or
renovations or any works that were carried out have obtained the plan
information and so at the end there they will need certificates of compliance
with building regulations and certificates of compliance with flying
formation and it's a particular development for example a small
conversion perhaps of that conservatism like that or a porch it's exempt well
then you need a certificate of exemption from Planning Commission from properly
qualified architects all these certs also should be coming through architects
who have professional indemnity insurance they can check out more of my
videos on YouTube in relation to purchasing or selling property in
Ireland
sure buying a house and the cost of the house the price of the house is less
than a million then the town's utility pay is one
percent over a million it's you pay 2% on the excess of a million
if you're buying a commercial property it's six percent stamp duty and if
you're buying or if you're taking on a lease of premises you pay it's down to
here on the premium if there is a premium and if there's no premium then
you just pay one percent of the average annual rent so if the average on your
rent is 40 grand then you pay one percent of forty thousand in stamp duty
so one percent for residential six percent for commercial or
non-residential and one percent for the average annual rent in a lease
commercial lease no staff duty on residential lease
you