Check out our listings located along Ireland's Wild Atlantic Way ... west cork properties for sale
OUR MISSION STATEMENT:
PENINSULA PROPERTIES has an intimate knowledge of its market, the Sheep's Head Peninsula in West Cork, 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 - i.e. the villages of Ahakista, Durrus and Kilcrohane - we are very knowledgeable about that region. To quote a client ... "Elaine knows the Sheep's Head Peninsula like her own backyard"
THINKING OF BUYING OR SELLING A PROPERTY IN WEST CORK?
IF SELLING A PROPERTY IN IRELAND - YOU WILL NEED ...
- a good auctioneer/estate agent with a valid Property Services Provider's Licence - i.e. Elaine at Peninsula Properties!! (PSRA Licence No. 002651)
- a current BER (Building Energy Rating) Certificate for the property - details on www.seai.ie
- a Certificate of Discharge or Exemption in respect of payment of the NPPR tax (Non Principal Private Residence) - 2009 through 2013 - details on www.revenue.ie
- a Certificate of Discharge or Exemption in respect of payment of the Household Charge 2012 - details on www.revenue.ie
- proof of payment and a printout of the LPT (Local Property Tax) 2013, 2014, 2015, 2016, 2017, 2018 and 2019, 2020 and 2021 together with your property ID and PIN - details on www.revenue.ie -
- proof of registration of your septic tank - details on www.protectourwater.ie
- proof of the property's registration with Irish Water - details on www.water.ie
- a Certificate of Planning/Building Compliance and Declaration of Identity for the property might be required - this can be provided by your surveyor/engineer
- a Land Registry Compliant Folio Map
- 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...
- a good estate agent/auctioneer - i.e. Elaine at Peninsula Properties (!!!!)
- 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 for properties sold for less than €1,000,000 and 2% for properties above this figure and 7.5% on land and sites); solicitor's fees and costs; engineer's fees; moving costs
- a PPS (Personal Public Service) number - your solicitor will get this for you if you don't already have one
- an Irish bank account (to open a bank account you will need to show photo ID - either a passport or driver's licence and 2 original utility bills showing your name and permanent address)
- a registered and qualified solicitor practising and based in Ireland
SO YOUR OFFER HAS BEEN ACCEPTED - WHAT NEXT? The very, very abridged version ...
- take note - 'Sale Agreed' or 'Under Offer' mean nothing from a legal point of view!
- you appoint an Irish based solicitor
- you apply for a PPS number (assuming you don't already have one - your solicitor can do this for you)
- you pay a booking/good faith deposit (usually 5% of the purchase price) to the estate agent (this deposit is fully refundable up to such time you sign the contract)
- you appoint a local surveyor/engineer to carry out a pre-purchase survey for you - boundaries, planning history, compliance with building regulations, condition of the property, 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) - a legally binding agreement is now in place and you stand to lose this deposit if you decide not to proceed with the purchase
- Take note that a buyer can be gazumped up until such time that the contracts are signed by both parties
- the seller signs the contract
- you pay the 90% balance to your solicitor and there is now a fully executed contract
- a completion date is set (usually 2 weeks from when you paid the balance)
- 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 10 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 about 8 weeks.