Closing the sale of a property in Ireland can take anywhere from 12 to 24 weeks. This is after the time it takes to get a property ready for sale and launch a marketing campaign, not to mind finding a buyer. All in all this process can take the better part of a year.
For sellers who do not live at the property – such as a rental unit – or are fortunate enough to have moved to a new home, this can be a lengthy time to have a house or apartment sitting idle.
It’s not just utility bills, loss of rental income, and the need for heating and garden maintenance, there are the added issues of insurance and security along with servicing a mortgage, if the property has one.
Estate agent Owen Reilly is familiar with the challenges faced by agents, vendors and tenants when it comes to
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