MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Buying
  • What to expect from sale agreed to sold
Buying
May 11, 2022 - 16:38

What to expect from sale agreed to sold

MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
What to expect from sale agreed to sold

You might have had your eye on a few properties and perhaps even been involved in a few bidding wars but a sale has finally been agreed and you’ve taken a significant step towards owning your own home

But what now?

Not many people actually understand the process of what happens between the period of your bid being accepted and the point where you pick up your keys.

Firstly, it will probably feel like one of the longest periods of your life. You’ve made an offer, it has been accepted and you just want into your new place now.

It can take some time for that to happen and all you can do is try to be patient.

Advertisement

Once your future home goes ‘Sale Agreed’ the estate agent forwards the relevant details of the sale to you, your solicitor, the seller’s solicitor and your mortgage lender. This includes everyone’s contact information, the price that you agreed on and a provisional date for the sale to be closed.

This is where your solicitor comes in to deal with the legal documents and any outstanding issues. He or she will sort out matters such as Land Registry, Stamp Duty payments and all the other legal matters that will need to be ironed out before the sale is completed.

Once you’ve agreed a price, you should notify your mortgage lender who will want a valuation carried out on the property to ensure it is worth the asking price. You will need an estate agent not involved in the sale to do this for you and it can cost in the region of €150.

In order to drawdown your mortgage you will also need to sort out mortgage protection insurance to ensure the mortgage is paid off should you pass away before the end of its term. You should also get a survey done to check for any structural flaws a property may have. Once the property is sold there is no going back so this is your chance to check everything is as it seems.

You will then receive a letter of offer with your mortgage pack sent out by post.

Advertisement

It’s then a case of signing on the dotted line with your solicitor checking over everything one last time to make sure it’s all above board. You then hand over your deposit with your solicitor sending it and the paperwork to the seller’s solicitor, who will get their client to sign off on the deal and send the paperwork back.

Once this exchange of contracts takes place, it becomes a binding contract and everything is official. Your solicitor will then return the loan acceptance and other necessary paperwork to your lender and finalise any outstanding work to get the purchase deed for your new home.

At that point you’ll receive your keys and your new life in your new home can begin!

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • advice
MyHome.ie
By MyHome.ie
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

Almost one in five looking to buy or rent in Ireland
MyHome Living

Almost one in five looking to buy or rent in Ireland

Jun 12, 2025
Revamped MyHome app now available for download
MyHome Living

Revamped MyHome app now available for download

Jan 17, 2025
Average first-time buyer mortgage hits record high
Buying

Average first-time buyer mortgage hits record high

Dec 20, 2024
Credit Unions see mortgage lending jump by 51% in a year
MyHome Living

Credit Unions see mortgage lending jump by 51% in a year

Nov 27, 2024
Residential property prices rise for 13th month in-a-row
MyHome Living

Residential property prices rise for 13th month in-a-row

Nov 21, 2024
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement