Hi
we are considering selling our current home - value €325k mortgage of €130k - and purchasing one for €295k - older and slightly smaller but with 5 acres of farm land.
Approx what funds would we need to get us through the process before our house is sold? Solicitors (Wexford) costs etc.
We may look for a increase in the mortgage - €30k. Is this like applying for a new mortgage or is it more straight forward?
Also are sellers/estate agents put off by buyers who need to sell before purchasing? We would plan to use the same estate agent as the seller as they have had excellent success lately in our area. We’ve been told our property would go sale agreed within 2-3 weeks at 325k ( recently valued so we could avail of better LTV rate)
Thanks
we are considering selling our current home - value €325k mortgage of €130k - and purchasing one for €295k - older and slightly smaller but with 5 acres of farm land.
Approx what funds would we need to get us through the process before our house is sold? Solicitors (Wexford) costs etc.
We may look for a increase in the mortgage - €30k. Is this like applying for a new mortgage or is it more straight forward?
Also are sellers/estate agents put off by buyers who need to sell before purchasing? We would plan to use the same estate agent as the seller as they have had excellent success lately in our area. We’ve been told our property would go sale agreed within 2-3 weeks at 325k ( recently valued so we could avail of better LTV rate)
Thanks