If you have made the decision to sell your property, your first step may be to engage an Estate Agent and embark on the difficult task of decluttering. We recommend you also review the Speed Up your Property Sale guide published by the Law Society at the outset of the process:
https://www.lawsociety.ie/globalassets/documents/news/2024/speed-up-your-property-sale.pdf
Brief your Solicitor
The sooner you tell us that you are selling, the sooner we can review the deeds and identify any possible issues, and prepare the contracts for sale. We recommend you take up the title deeds before the ‘for sale’ sign goes up.
Make sure we have your up to date information including:
- Your current contact details.
- Your marital status. If you have married or entered into a civil partnership since buying the property we will need your Marriage/Partnership Certificate. If you have divorced or separated, we will need a copy of your Court Order/Agreement.
- Your PPS number.
A purchaser will not be in a position to sign the contracts until they have all the relevant property title, planning and property tax information to hand. Your advance preparation will speed up your property sale.
Find your deeds
If the property is mortgaged then the Lender will have the title deeds and it can take several weeks for the Lender to release them to us so should be requested without delay.
Planning Legislation
If you have carried out any alterations to your property, please give all of the details to us so that we can advise if it is necessary to obtain a Certificate from an Architect.
Managed Properties
If you are selling a managed property such as an apartment, the buyer will want to ensure that the Management Company’s affairs are in order. You may have most of the information needed to hand from the latest AGM, such as the service charge statement and annual report. Please provide us with all of the recent communications from the managing agent including any warnings or issues that have arisen in the complex.
Tax Matters
All proposed purchasers will need proof that all property taxes are fully discharged and paid up to date.
As well as paying local property tax (LPT) up to date, you will have to show the valuation submitted for LPT in 2021 and 2025. Send a printout of your LPT history to us and we can review it to ensure it will be acceptable to the purchaser.
If the property is being sold for greater than €1,000,000 then there will be a requirement to obtain Capital Gains Tax Clearance prior to the sale completing. We or your tax advisor will advise you further on what is required to obtain Capital Gains Tax Clearance.
Want/Curious to know more?
The Law Society of Ireland has a helpful questionnaire available HERE which is useful to fill in and provide to us to give an overall view of the property.
The MWM Property Team look forward to hearing from you.