Page 2 - Purchaser Information

A GUIDE TO BUYING YOUR FIRST HOME
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Cork: 021-427 0200
We, at Walsh & Partners, have prepared this booklet to outline the steps in purchasing your first home.
What is “conveyancing?”
“Conveyancing” is the legal term for the transfer of legal title to property from one party to another. The steps in a
conveyance in Ireland are designed to ensure that the purchaser has good marketable title and will have no trouble
selling the property at a later stage. Remember, the day you buy is the day you sell!
1. The Purchaser agrees to purchase 2. The Vendor’s solicitor issues If the title is in order and conditions of
the house. contracts for sale to the Purchaser’s the sale have been agreed between the
Our Services The purchaser agrees the price with the solicitor. purchaser and vendor, the Contracts
auctioneer and pays a booking deposit The purchaser’s solicitor reads the for Sale are signed by the purchaser in
• Medical Negligence the presence of his or her solicitor. The
which is refundable in the event of the contract and title documentation and
• Compensation Claims purchaser must provide the necessary
purchaser deciding not to proceed raises pre-contract enquiries in relation
• House Sales and Purchases funds for the contract deposit, which is
with the transaction prior to signing to them. The purchaser’s engineer/
• Will drafting normally 10% of the sale price less the
the contracts for sale. The purchaser architect will inspect the property
• Family Law booking deposit paid to the auctioneer.
gives his/her solicitor’s details to the to ensure it is structurally sound, it
• Employment Law
auctioneer. The auctioneer sends a copy complies with planning permission and 4. The Purchaser’s Solicitor returns
• Solar Energy Agreements
of the sales advice note to the solicitors the title map reflects what is on the contracts.
• Land Disputes
for both sides, setting out the terms ground.
• Immigration Law The purchaser’s solicitors returns
that have been agreed, for example, the
• Commercial Leases 3. The Purchaser’s Solicitor arranges contracts, along with a cheque or bank
price, closing date etc.
for the Purchaser to sign contracts. draft for the balance of the 10% deposit.
| Dublin: 01-291 0300 | info@walshandpartners.ie Cork: 021-427 0200 | Dublin: 01-291 0300 | info@walshandpartners.ie