Selling a House in Dublin – Tips from Top Real Estate Agents

Selling a house can be hard, especially if you’ve never done it before. Contrary to popular belief, it’s a long and complicated process that involves several steps. Things can easily go wrong if you fail to correctly do even just one step. But don’t fret because we are you to give you expert tips.

In this article, we will discuss the steps in selling a house in Dublin plus other useful tips you can use to ensure a successful sale.

Steps in Selling a House in Dublin

How do you sell a house? What are the things you need to do to ensure a smooth, stress-free process? Below is a step-by-step guide on how to sell your house in Dublin or elsewhere in Ireland.

1. Hire a Real Estate Agent in Dublin

It is a common misconception that homeowners successfully sell their homes on their own. While For-Sale-By-Owner (FSBO) approach has grown in popularity over the years, it is not an indication that house selling, especially Ireland, is easy.

The truth is that successfully selling your home requires a lot of time and effort. This is why having a real estate agent’s expertise is critical to the process.

So, the best way to get started is by hiring a real estate agent who knows the area well and has experience selling homes like yours. With an agent’s help, you’ll be able to avoid common mistakes that could cost you money or time when trying to sell your home on your own.

In addition, a real estate agent can handle all aspects of the selling process, from preparing the house to negotiating with potential buyers. She can make this entire endeavour hassle-free for you.

House Sales Cost Dublin

2. Get a Property Valuation

When you’re selling a house, it’s important to know what it’s worth so that you can make sure that the asking price is at least comparable to the market value of similar properties in your area. A property valuation will provide an up-to-date estimate of how much your home is worth.

If you want accurate information about what your house could sell for on the open market, then get a property valuation from an experienced real estate agent or appraiser who knows how to properly value homes in Dublin.

A real estate agent will have access to resources like property listings and tax records, which can give them insight into how much similar homes have sold for recently. This way, they can help you set an appropriate asking price for your home and make sure that you don’t end up overvaluing or undervaluing it.

3. Agree on a Plan-of-Action

Once you’ve determined your selling price, you and your agent should sit down and discuss how to sell your property. In Ireland, properties are sold via private treaty, auction, or for sale by discreet selling.

Aside from the selling method, you also have to discuss the marketing strategy. Using traditional and online advertising platforms is the standard these days.

It is imperative for listings to have beautiful photos. According to a study, homebuyers are more likely to visit a property if it has great pictures. So, hiring a professional photographer should be part of the overall marketing strategy.

4. Prepare Your House

Now that you’ve determined a price range and know the market, it’s time to prepare your house for sale.

As the seller, you need to make sure that any repairs or improvements are done before listing your home. You want to ensure that your house is at its absolute best before potential buyers viewer.

While the cosmetic changes will not significantly affect the value of your home, they can help convince buyers that this is the right house for them. Cosmetic changes include cleaning out closets and drawers and removing personal items to painting walls and even replacing carpeting or countertops if necessary.

It’s also important to make sure that all of the furniture inside each room is clean and organised. This can help buyers get a good idea of what the space looks like when occupied by their family members!

When preparing your house, never forget its home exterior. Ensure that your garden or yard is in pristine condition. Keep in mind, first impression matters so you need to wow potential buyers the moment they step out of their vehicle.

5. Hire a Property Solicitor

The primary role of a solicitor is to ensure that the conveyancing process goes smoothly. Conveyancing refers to the legal transfer of a property’s title from one person to another. Your solicitor ensures that all legal requirements are met. She also provides advice on what to do, what documents are required, how much it will cost and how long it will take.

To find a trusted solicitor, you can ask for recommendations from your real estate agent, friends and family. When choosing a solicitor, make sure that you learn about their experience and fees. Most get paid by commission based on their fees plus expenses (such as stamp duty).

Take note:

Hiring a solicitor does not have to take place after preparing your house. You can do this early on – perhaps, right after you hire an agent. Getting one at the early stage of the selling process can prevent delays later on.

6. Get All the Documents You Need

It is important to prepare all the documents you need before you start selling your home. This will save time, and it will also prevent any mistakes from being made along the way.

Some of the documents that you might need include:

  • Title deeds: If your property is mortgaged, your solicitor needs to request the deeds from your bank.
  • Planning documentation: If you’ve made modifications to your property, the purchaser’s solicitor would want to know if these complied with the plan and building regulations. Here, you’ll need to provide planning permissions as well as certificates of compliance and exemption.
  • BER certificate: Getting a Building Energy Rating certificate before selling it is a legal requirement since 2013. To get one, you’ll need to look for a BER assessor and schedule an inspection.
  • Land Registry Compliant Map: This is a detailed map that indicates the exact location and boundaries of the property.
  • Copies of your Local Property Tax: These are necessary for the purchaser to know that the tax liabilities have been settled.

7. Stage the House

Staging is the process of making your house look like a home, rather than a ready-to-go real estate listing. When staging your house, you want to make it looks like someone has lived there for some time—and that they’ve done so with gusto!

Staging is not about painting over every mark on the wall or buying new furniture. It is about creating an environment that feels comfortable for buyers and puts them in the mindset of owning the house already. This will help make your home more attractive to buyers, which could lead to a higher selling price or better terms when negotiating with a buyer.

Nowadays, you can hire professionals to stage your home. Alternatively, you can take on this task with the help of your real estate agent.

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8. Advertise Your House

When you’re ready to list your home for sale, you’ll need to advertise it in places where potential buyers will see it. There are two main ways of doing this: Internet and traditional media like newspapers. Both methods have their strengths and weaknesses, so consider both before deciding which one is right for you.

Online listings can be extremely effective at reaching millennial buyers as many of them prefer using smartphones to search for houses for sale. Meanwhile, newspaper ads tend to be more expensive than online ads (especially if they include photos), but they also reach more people who aren’t actively shopping for homes at the moment. So, if your target audience is older or less technologically savvy than average, this might be the best way to go.

9. Receive Offers & Negotiate

Now that you’ve created an engaging listing, your property is going to start getting visits then offers. Don’t be surprised when you get an offer that’s below your asking price. Moreover, don’t get pressured to sell just because you are worried you won’t get better offers.

Be patient and let your agent use her negotiating skills to get you an excellent offer. It would also make things easier for you if you know what your bottom line is. Having that number in mind can help you narrow down the offers.

Take note:

It is the duty of your real estate agent to inform you of all the offers made. It is also part of their responsibility to advise you on the offers you get – whether they are good or bad.

10. Go Sale Agreed

Once you have an offer you like, your agent will negotiate the terms of the sale with the buyer’s solicitor. This can take several weeks, or even months, depending on how long it takes to agree on a price and other conditions such as a survey report and mortgage approval.

When you accept the offer and the terms, the property will go sale agreed. The agent will take a booking deposit (around 2% to 5% of the purchase price) from the buyer. The fee is fully refundable up until you exchange contracts.

At this stage, the purchaser will schedule a structural survey of the property and a bank valuation. Meanwhile, your solicitor will start to draft the contract.

Sold House Dublin

11. Exchange of Contracts and Close the Deal

Your solicitor or agent will issue contracts to the purchaser’s solicitor. The contractor will contain the purchase price, closing date for the completion of the sale, deposit to be paid when signing the contract, and things included in the sale, amongst others.

Often, the purchaser’s solicitor will have pre-contract questions or queries regarding the title, structure or missing documents. When all the queries have been satisfactorily resolved, the purchaser signs the contract and pays 10% of the purchase price.

Next, you will countersign the contract with your solicitor guiding you to ensure that you understand every aspect of the sale.

Once the buyer and seller have agreed to the final terms of the deal and have signed all relevant documents, the property is considered sold. The purchaser will carry out a “pre-closing inspection” on or a day before the closing date. The purpose of this is to ensure that you vacated the property and is in good condition. After this, the sale is considered close and the balance is paid your solicitor.

Remember that if you sell your house in Dublin, it will be an emotional experience. You have probably lived in it for some time which is why letting it go can be so difficult. But if you follow all of the steps above and get a good real estate agent to handle everything, then hopefully the process will go smoothly and you will have no problems when selling your home.

Are you selling a house in Dublin? Let our trusted real estate agents help you sell it fast and at a great price! To schedule a consultation, call us today on 014959020 or send us a message here.

 

Royalty free image supplied from Pixabay and Pexels as part of SEO service from 3R.

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