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OUR MISSION STATEMENT:
PENINSULA PROPERTIES has an intimate knowledge of its market and offers a market leading level of service. We are committed to providing a personal, professional and confidential service from the initial contact through to completion of the transaction. We are a specialised property services company and every client is important to us. Because we are an independent property company specialising and concentrating in a specific geographic region in West Cork - i.e. the villages of Ahakista, Durrus and Kilcrohane on the Sheepshead Peninsula - we are very knowledgeable about that region. To quote a client ... "Elaine Spillane knows the Sheepshead Peninsula like her own backyard"
THINKING OF BUYING OR SELLING?
IF SELLING A PROPERTY IN IRELAND - YOU WILL NEED ...
- a current BER (Building Energy Rating) Certificate www.seai.ie
- proof of payment of the NPPR (Non Principal Private Residence) tax 2009 through 2013 or proof of exemption from the tax www.revenue.ie
- proof of payment of the Household Charge 2012 www.revenue.ie
- proof of payment of the LPT (Local Property Tax) 2013, 2014 and 2015 www.revenue.ie
- proof of registration of your septic tank www.protectourwater.ie
- proof of the property's registration with Irish Water www.water.ie
- a Certificate of Planning/Building Compliance and Declaration of Identity for the property - this will be provided by your surveyor/engineer
- if the property you're selling is not your principal private residence, any net profit will be subject to Capital Gains Tax (CGT) - the current rate of CGT in Ireland is 33% (ouch!!) details on www.revenue.ie
IF BUYING A PROPERTY IN IRELAND - YOU SHOULD HAVE...
- approval of funding from a financial institution or cash
- in addition to the purchase price, enough funds to cover stamp duty (1% of the purchase price), solicitor's fees and costs, engineer's fees, moving costs
- a PPS number
- an Irish bank account
- a registered and qualified solicitor based in Ireland
SO YOUR OFFER HAS BEEN ACCEPTED - WHAT NEXT? The very, very abridged version ...
- you appoint an Irish based solicitor
- you apply for a PPS number (assuming you don't already have one)
- you pay a booking/good faith deposit to the estate agent (this deposit is fully refundable up to such time that you sign the contract)
- you appoint a local surveyor/engineer to check out the property for you - boundaries, planning history, compliance with building codes, etc.
- you open a bank account with an Irish bank (assuming you don't already have one) - you will need to show the bank photo ID and two original copies of a utility bill showing your home address
- you sign the contract and pay a deposit equal to 10% of the purchase price (less the amount of the booking deposit)
- the seller signs the contract
- you pay the 90% balance and there is now a fully executed contract - a completion date is set (usually 2 weeks on from signing the contract)
- you own the property
- you get the keys to the property
- you take possession/move in
- you pop the champagne cork
- you tell your friends to contact Peninsula Properties and speak to Elaine
- you wonder why you didn't do this years ago
- you live happily ever after in West Cork
- The End
HOW LONG DOES IT TAKE TO 'CLOSE THE DEAL'?It typically takes anywhere from 8 to 12 weeks from acceptance of the offer to owning the property. However, if there are mapping issues or planning problems, it can take much longer - that is why it is important for vendors to have everything in order before putting a property on the market. However, if the vendor has everything in order and the purchaser has financing in place, a sale could be closed in as little as 4 weeks.