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Selling a House in Ireland – Fees, Outlays and Costs

solicitors fees selling buying house Ireland
solicitors fees selling buying house ireland

Selling a property in Ireland is called a legal procedure known as “conveyancing”. Conveyancing is a set of steps that transfers ownership from the seller to the buyer and you engage and pay a fee to a solicitor to undertake these steps on your behalf.

While an exciting and sometimes stressful venture, it’s crucial to understand the associated costs and legalities to ensure a smooth transaction. In this guide, we’ll delve into the intricacies of conveyancing, shedding light on solicitor fees, potential taxes, and other essential considerations for home sellers.

Solicitors Fees

One of the primary considerations for home sellers is the the conveyancing fees attached to their transaction. The outdated view was that the solicitors fees depended on the solicitor and the property’s value and that the final fee was claculated as a percentage of the final price, much like the estate agent.

O’Kelly Solicitors moved away from this approach and has offered clearly priced, fixed fee solicitors fees for selling property since 2013. Our view is that a flat fee provides clarity to the client and reduces disagreements at cuisine g as to the fee charged.

Outlays

“Outlays” are the collective term for all the other expenses associated with selling your home in Ireland and covers everything from registered post, the fee for taking up your Deeds from your Bank, Commissioner for Oaths fees and bank charges.

We aim to provide transparency on outlays paid on your behalf and set out out all of the individual outlays in our Completion Statement, which is issued to you immediately after the sale closes.

Costs

While there are the payments made by your solicitor during the course of the sale of your property in Ireland, there are other cost that are incurred during the process that can be paid by you before the property goes up for sale, during the sales process or after the sale has close. These can be:

  • BER Certificate and Advisory Report.
  • Architects Opinion on Compliance with Planning & Building Regulations.
  • PRAI Compliant Map (for registration purposes).
  • Multi-Unit Development pre-Contract enquiries (if you’re selling an apartment or house in a managed estate)
  • Local Property Tax (which needs to be paid up to date and at the correct band).
  • Capital Gains Tax (if the property wasn’t your Principal Private Residence).

While this list isn’t exhaustive, it gives an indication of other costs to consider when putting your property up for sale in Ireland.

As always, we would suggest instructing your solicitor when the property goes on the market, not when you find a buyer to avoid delays.

At O’Kelly Solicitors, we have the skills and expertise to ensure your house purchase is as stress free as possible. We are here to assist you in probably the largest purchase or investment of you life. When you instruct us, you get a personal service – you will talk to a solicitor every time you ring. Not a secretary, not a legal executive but the solicitor dealing with your case who has the knowledge and experience to answer any questions you might have.

So if you want to avail of our fixed fee price (more details here), please do not hesitate to contact Mark O’Kelly, the principal of the Firm on 086 7889753 or via email to mark@okellysolicitors.ie. All our contact details can be found here.

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