Check out our listings located along Ireland's Wild Atlantic Way ... west cork properties for sale
OUR MISSION STATEMENT:
PENINSULA PROPERTIES has an intimate knowledge of its market, West Cork, and offers a market leading level of service. We are committed to providing a personal, professional and confidential service from the initial contact through to completion of the transaction. We are a specialised property services company and every client is important to us. Because we are an independent property company specialising and concentrating in a specific geographic region in West Cork - i.e. the villages of Ahakista, Durrus and Kilcrohane on the Sheep's Head Peninsula - we are very knowledgeable about that region. To quote a client ... "Elaine knows the Sheep's Head Peninsula like her own backyard"
THINKING OF BUYING OR SELLING A PROPERTY IN WEST CORK?
IF SELLING A PROPERTY IN IRELAND - YOU WILL NEED ...
- a good auctioneer/estate agent with a valid Property Services Provider's Licence - i.e. Elaine at Peninsula Properties!! (PSRA Licence No. 002651)
- a current BER (Building Energy Rating) Certificate for the property - details on www.seai.ie
- a Certificate of Discharge or Exemption in respect of payment of the NPPR tax (Non Principal Private Residence) - 2009 through 2013 - details on www.revenue.ie
- a Certificate of Discharge or Exemption in respect of payment of the Household Charge 2012 - details on www.revenue.ie
- proof of payment and a printout of the LPT (Local Property Tax) 2013, 2014, 2015, 2016, 2017 and 2018 together with your property ID and PIN - details on www.revenue.ie -
- proof of registration of your septic tank - details on www.protectourwater.ie
- proof of the property's registration with Irish Water - details on www.water.ie
- a Certificate of Planning/Building Compliance and Declaration of Identity for the property might be required - this can be provided by your surveyor/engineer
- a Land Registry Compliant Map
- if the property you're selling is not your principal private residence, any net profit will be subject to Capital Gains Tax (CGT) - the current rate of CGT in Ireland is 33% (ouch!!) details on www.revenue.ie
IF BUYING A PROPERTY IN IRELAND - YOU SHOULD HAVE...
- a good estate agent/auctioneer - i.e. Elaine at Peninsula Properties (!!!!)
- approval of funding from a financial institution or cash
- in addition to the purchase price, enough funds to cover stamp duty (1% of the purchase price for properties sold for less than €1,000,000 and 2% for properties above this figure and 6% on land and sites); solicitor's fees and costs; engineer's fees; moving costs
- a PPS (Personal Public Service) number - your solicitor will get this for you if you don't already have one
- an Irish bank account (to open a bank account you will need to show photo ID - either a passport or driver's licence and 2 original utilty bills showing your name and permanent address)
- a registered and qualified solicitor practising and based in Ireland
SO YOUR OFFER HAS BEEN ACCEPTED - WHAT NEXT? The very, very abridged version ...
- take note - 'Sale Agreed' or 'Under Offer' mean nothing from a legal point of view!
- you appoint an Irish based solicitor
- you apply for a PPS number (assuming you don't already have one - your solicitor can do this for you)
- you pay a booking/good faith deposit (usually 5% of the purchase price) to the estate agent (this deposit is fully refundable up to such time that you sign the contract)
- you appoint a local surveyor/engineer to carry out a pre-purchase survey for you - boundaries, planning history, compliance with building codes, condition of the property, etc.
- you open a bank account with an Irish bank (assuming you don't already have one) - you will need to show the bank photo ID and two original copies of a utility bill showing your home address
- you sign the contract and pay a deposit equal to 10% of the purchase price (less the amount of the booking deposit) - a legally binding agreement is now in place and you stand to lose this deposit if you decide not to proceed with the purchase
- UK buyers take note that in Ireland the term"exchange of contracts" means nothing. Here, unsigned contracts are exchanged so a buyer can still be gazumped up until such time that the contracts are signed by both parties
- the sale is completed
- the seller signs the contract
- the solicitors go back and forth with closing questions
- you pay the 90% balance and there is now a fully executed contract
- a completion date is set (usually 2 weeks from when you paid the balance)
- you own the property
- you get the keys to the property
- you take possession/move in
- you pop the champagne cork
- you tell your friends to contact Peninsula Properties and speak to Elaine
- you wonder why you didn't do this years ago
- you live happily ever after in West Cork
- The End
HOW LONG DOES IT TAKE TO 'CLOSE THE DEAL'?
It typically takes anywhere from 8 to 12 weeks from acceptance of the offer to owning the property. However, if there are mapping issues or planning problems, it can take much longer - that is why it is important for vendors to have everything in order before putting a property on the market. However, if the vendor has everything in order and the purchaser has financing in place, a sale could be closed in 5 to 6 weeks.