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Buying Process Ireland
1.
Are you currently trying to buy a home in Ireland?
Yes, Actively bidding or sale agreed
Yes, Just starting out
I recently bought
No, but I plan to in the next 6-12 Months
2.
Has a Sale you were involved in ever fallen through?
Yes - as a buyer
Yes - As a seller
No
Not yet - This is a concern
Not yet - This is not a concern
3.
If Yes, What caused it ?
Buyer pulled out
Seller changed their Mind
Mortgage/ finance delays
Seller accepted higher offer
Buyer lowered their offer once sale agreed
Other (please specify)
4.
Do you have concerns if/when you go sale agreed, if the sale falls through or take months and months to complete the sale?
Yes - it is a concern
No - I do not have this concern
Other (please specify)
5.
Lets Say the following existed. After your offer is accepted, both buyer and seller sign a "Reservation Agreement". Each party pays a deposit of (e.g. €1,500 - €3,000) into a secure account. IF either side pulls out of the sale
without
valid reason (finance refusal, survey issue with the property) they forfeit their deposit to the other party.
A platform handles this agreement digitally, with a fixed fee of €150 Per Person. Solicitors are informed. Its not a full contract, but it does secure intent from both parties and secures the sale and both parties to act in a timely manner, and further reduce the risk of sale sale fall throughs.
Would you use something like this if it was offered after going sale agreed for security?
Yes - I would love that peace of mind
Maybe - I would want to know more first
No - I wouldnt want to pay
Other (please specify)
6.
Would you pay€150 if it helped avoid delays or losing a purchase or sale?
Yes- seems reasonable
Maybe - depends who recommends it
No
Other (please specify)
7.
Would paying a deposit into a neutral holding account make you feel more secure ?
Yes - Both sides having to pay a deposit is more balanced and fair
Maybe - Only if its well regulated
No - I would prefer to put no money down/ have both parties not committed
8.
What would give you confidence to use a new service like this ?
Recommended by estate agent
Backed by Solicitors
Clear refund/Forfeit Rules
Transparent handling of money
Reviews testimonials
Regulated
Other (please specify)
9.
Do you think its fair for both parties to pay and small fee of €150?
Buyer only
Seller only
Both Equally
Estate Agent
Other (please specify)
10.
Would you like to see this become available and normalised in Ireland
Yes - it would improve the process
Not sure - Maybe in some cases
No - I prefer the current process