Frequently Asked Questions > What is involved in buying a house?

A solicitor is the only professional legally entitled to practise Conveyancing. Once a
Sale has been agreed by an Auctioneer, The Auctioneer will an issue a letter of sale (including all details of the sale) to both the Vendorsí Solicitor and the Purchasers Solicitor. The Vendorsí Solicitor shall prepare contracts based on the details received from the Auctioneer and the Vendorsí Title documents. The contracts and copies of this title will be sent to the purchasersí solicitor who will investigate the title and satisfy himself/ herself that the vendor has legal title to sell l the property. The purchasers solicitor will also in normal circumstances act for a landing institution on behalf of the purchaser and will arrange for the execution by the purchaser of all legal documentation required to secure the mortgage against the property

Once the purchasersí solicitor is satisfied with the title and loan approval has been received the purchaser will then proceed to sign the contracts and pay the balance of the deposit (usually 10% of purchase price).

Once Contracts have been exchanged the purchasersí solicitor will then raise a number of additional queries and set out to the vendorsí Solicitors the documents they require on completion. The purchaserí solicitor will also draft the necessary deeds and documents to ensure the transfer of the vendorís title

On completion the vendorsí Solicitor will hand over to the purchase all documentation required by the purchaserí solicitor and the purchasersí solicitor will hand over the balance of the purchase price in exchange for the keys of the property.

The sale is then closed and the purchaser may take up occupation but the solicitor must hen arrange to have the deed stamped by the revenue commissioners and registered before returning the original title deeds to the purchasers solicitors Lending Institution

Email Enquiry :: 021 4944699 :: Return to Areas Practiced

 

Kelly & Dullea Solicitors, 5 South Mall, Cork. :: tel: 021 4944666 :: fax: 021 4944699 :: enquiries@kellydullea.com