Not officially, but a seller/agent will usual want to push on to closing once they have gone sale agreed with a prospective buyer.
Very true, the EA when I purchased a home last year was super aggressive in closing the deal despite the usual solicitor, survey, mortgage complications. When I put in my bid originally the EA stated the seller wanted to complete within 12 weeks. I literally laughed at them saying all well and good but wait until the solicitors get going.
A month later my solicitor phoned me to say she wasn't answering the EA calls anymore and could I please tell them to feck off. That ended up with me getting multiple calls per day along with whatsapp messages. An extreme example perhaps.
Hi, I have just recently put a deposit on a property which I am looking to get a mortgage for. I am planning though to get the SEAI grants to get the property BER Rating to a B at least. The property is currently at a BER rating of F. Just wondering what would you advise regarding getting the SEAI grant and are there any other grants i can request which can help improve my property?
Have you had a survey completed yet that is the first step? A BER of F would indicate a lot of work is required, but the building survey should help in terms of if the property need major works such as replumbing, wiring etc. As per my ongoing experience even with funds available retrofitting a house is time consuming and frustrating.
Second question, after work is carried out on the property and its reevaluated in terms of its increased value, what are the benefits i can get then when looking to get a mortgage on the recently improved property?
Quick answer, others more knowledgeable than I... once you upgrade the house to B3 or higher you can avail of Green mortgages thus lower interest rates. For that you will need to switch so if you take out a fixed mortgage there may well be an associated cost and further solicitor fees.
Just enquiring to get my head around it. Also in terms of mortgages, any advice on how to make the mortgage application as smooth and easy to approve as possible?
You should really have approval in principle if you have put in a deposit. Even if you do there can be delays, queries etc that could lead to the sale falling through.
@DannyBoyD post above covers this.
Whatever you do, do not sign any legal contracts before you have got everything in place and ready to go.
