Today, buying a property in Ireland is much more than just owning a house. With shortages in housing the market is becoming more unstable and buying a property is becoming more difficult. However, at Keenan and Company Solicitors we want to help you have a smooth, stress free process of buying a property.
According to Irish Law, conveyancing deals with purchasing and ownership of a property. The whole legal process consists of various steps and decisions to make. A good solicitor understands the law better than anyone and can help you with a smooth process.
Factors that determine your choice can be the type of property, the budget and bank loan credibility. Also, you must consider if the house is worth your investment or not with parameters like connectivity to major cities, motorway proximity, etc.
Apart from sales, many properties are sold through public auction. Here, the purchaser might not be familiar with the process. However, a solicitor can ease the job by attending the auction and helping you with the best bid.
In Ireland, there are two types of land titles – Land Registry title (Registered) and Registry of Deeds title (Unregistered). The first case includes the complete documentation related to the property that has to be shown while selling the property. The latter consists of properties where the title is built over the years. It includes Deeds of conveyance for selling/transferring of freehold-unregistered land or Deeds of Assignment.
Freehold property is available in high interests with the complete liberty of the owner. Whereas a freehold property incurs much less interest and the ownership lasts for a limited term where we get to see a landlord-tenant relationship.
According to Section 2 of the Statute of Frauds (Ireland) Act, 1695, a written contract is mandatory for the land sale. The agreement deals with various documents dealing with names and addresses of parties, price and deposit, date, etc.
Most solicitors recommend some essential inquiries before and after signing the contract. The pre-contractual ones are:
On the day of closing:
Apart from the house cost, there are several other charges you must pay.
We strive to get the right results at the right price for our Conveyancing clients. We have a professional, experienced and hands on approach to assist you with all of your legal needs.
Donagh joined Keenan & Company having worked for four years in a busy General Practise in Dublin and having spent one year working in Vancouver, Canada in the state’s Supreme Court Defence Litigation department. Donagh obtained a Degree in Law with history from UCD in 2013 and qualified as a Solicitor in 2018.
Donagh practises primarily in the areas of Personal Injuries Litigation, Conveyancing & Probate.
Buying a property consists of decision-making along with legal compliance. That’s why consulting a trusted solicitor is the best way to deal with the whole conveyance. We can ease your journey of legal process to your dream home.