Mary Tuohy
Registered User
- Messages
- 5
First time poster so hope this is the correct forum to ask for a bit of advice. I own what was the family home which my mother obtained when my brother lent her the money to buy it. He then wanted to charge her rent and in 2001 my mother asked me to buy him out. I took out a small mortgage and paid him off but not without him putting a stay on the house, which finally got sorted in around 2005. So the deeds are now in my name since then & the house is rented out to tenants who moved in when my Mother went into a nursing home and she passed away in Sept. 2015. I have retired to Ireland since 2014 and kept on the Estate Agent who managed the property for me while I was in the US. (I am an Irish citizen with dual US/Irish citizenship) I live on a Social security pension of 1400 euro pm. No other income or assets. I received the following email from the Estate Agent:
The Tenant has come back to me regarding the proposed purchase & had an engineer survey it and he came up with some issues. The two back windows need replacing and are letting in moisture. The esb meter is the original one and the radiators are of the old variety and no longer energy efficient.Taking all the above into consideration she is making a cash offer of €115,000 for the property.
I still owe ~25,000 on the mortgage & had hoped to obtain around 120 to 125,000 but considering this is a cash deal Im inclined to go with the offer. I have a solicitor who handled the previous issues with the house and will be speaking with him this week, but before doing so I just wanted to check on this forum if there are any other things I need to consider as I have not sold property before in Ireland. I'm not sure of Tax implications etc.
Tx!
Maura
The Tenant has come back to me regarding the proposed purchase & had an engineer survey it and he came up with some issues. The two back windows need replacing and are letting in moisture. The esb meter is the original one and the radiators are of the old variety and no longer energy efficient.Taking all the above into consideration she is making a cash offer of €115,000 for the property.
I still owe ~25,000 on the mortgage & had hoped to obtain around 120 to 125,000 but considering this is a cash deal Im inclined to go with the offer. I have a solicitor who handled the previous issues with the house and will be speaking with him this week, but before doing so I just wanted to check on this forum if there are any other things I need to consider as I have not sold property before in Ireland. I'm not sure of Tax implications etc.
Tx!
Maura