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What You Need To Know About Buying Real Estate In Ireland

David Woodford
 


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Thinking of buying Real Estate in Ireland? Or maybe investing in property in Ireland?

Good choice! Not only is Ireland a beautiful country, but property is plentiful, either in town or out in the countryside.

This site will help you find the quickest and easiest way to buy or sell property in Ireland.

First and foremost, if you are used to doing business in America, please note there is NO MSL site in Ireland! And that immediately complicates things since you will have to do some serious digging yourself to find what you want.

Property is handled in Ireland in the following way (and please note, when we say ‘Ireland’ in these pages we mean the Republic of Ireland i. e. Southern Ireland, not Northern Ireland which is part of the United Kingdom and subject to UK laws)

Real estate Agents

Called “Auctioneers" or “Estate Agents" they either consist of local offices affiliated with one of the larger groups such as Remax, ERA etc. or independent local offices.

Estate Agents are licensed by the State and can take deposits and negotiate on behalf of the clients. The majority also belong to one or other of the so-called governing bodies: The Irish Auctioneers and Valuers Institute (IAVI) or The Institute of Professional Auctioneers and Valuers (IPAV).

With the groups you have the advantage of a wide selection of properties from all over the country.

But with the independents you have the advantage of local knowledge and likely a personal contact with the buyer.

For Sale by Owner Companies

This is a new concept in Ireland and the FSBOs have found the going difficult to begin with, but are now gaining ground.

They operate in a number of different ways - some take a fee for just positing a listing on their web site; others have a ‘no sale, no fee’ policy, while others are a hybrid of these.

FSBOs are not allowed to take deposits or enter in to the negotiations (unless they have a licensed auctioneer on board)

Private Sales

There are number of sites that enable the individual to sell their property solo, without any assistance at all.

In the event of a sale their solicitor will handle all the financial aspects.

If you would like the ‘low down’ on each of these avenues, as well as how to contact them, visit http://www.info4u-services.com/irish_property for more information

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