Buying Real Estate in Ireland
Once you have found a suitable property in Ireland, you can make an offer to the seller or the real estate agent. Although the offer does not legally bind you to buy, it’s advisable to engage the services of a solicitor at this point.
If your offer is accepted, you should arrange for a survey of the property to detect any potential problems. Your solicitor can then draft a Deed of Conveyance. This document will be sent to the seller’s solicitor for approval.
The seller’s solicitor will then prepare a contract for the sale of the house. If your solicitor is satisfied with the contract and to the title of the property, you should now be able to sign contracts.
At this point you make a non-refundable payment of around 10% deposit. Real estate agents remain involved in the transaction until the seller signs the contract with the buyer.
The conveyancing of the property usually takes 6 to 8 weeks.
There are no restrictions on foreigners buying real estate in Ireland.
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