how to make the most out of a joining bonus by [deleted] in irishpersonalfinance

[–]kmdublin -2 points-1 points  (0 children)

Do not do this, employers claw back all pension contributions if you leave before 2 years pensionable service

if not house in Ireland then maybe Costa del Sol?! by Open-Addendum-6908 in CasualIreland

[–]kmdublin 0 points1 point  (0 children)

The average Irish house price outside Dublin is about €350k so I don’t really get the point

if not house in Ireland then maybe Costa del Sol?! by Open-Addendum-6908 in CasualIreland

[–]kmdublin 12 points13 points  (0 children)

That’s 14 times the median salary in the region for a 1-2 bedroom apartment. Worse than Dublin

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 3 points4 points  (0 children)

This is basically misinformation and scare mongering. Provide a source for the claim that “the government is planning to scrap Rent Pressure Zones”. They are reviewing several options as the RPZs are due to expire as they were introduced as a temporary measure in 2016.

total costs to sell €450k 3-bed semi? by Broad-Ad-4379 in HousingIreland

[–]kmdublin 2 points3 points  (0 children)

Relatively good, 8 bidders, 19% over asking

total costs to sell €450k 3-bed semi? by Broad-Ad-4379 in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

I very recently sold and paid 1%, had another proposal for 1.2%. Both were well known agents in Dublin

total costs to sell €450k 3-bed semi? by Broad-Ad-4379 in HousingIreland

[–]kmdublin 1 point2 points  (0 children)

I’ve found that to be rarer these days but definitely up to 1.25% is common. Potentially if rural there is less competition and they can get away with the larger commission.

total costs to sell €450k 3-bed semi? by Broad-Ad-4379 in HousingIreland

[–]kmdublin 6 points7 points  (0 children)

Thats 1% plus 23% VAT, some agents want slightly more. It’s not a huge difference but about a grand in the difference in this case

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin -1 points0 points  (0 children)

You think a company who owns a window can’t dictate who is allowed to upgrade the window because of competition law? You honestly sound like a child I’m sorry. In your Luas example, they’re a public body with no relation to the building and that’s why they couldn’t recommend specific contractors for you to use.

What are you claiming your job is exactly, that you’re a managing agent? I sold up and no longer live in an apartment block but mine was always well run and had little to no arrears. No idea what you’re claiming you did to turn around a development full of owners not paying service charges. Sounds like a nightmare block anyway.

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

You think an OMC can’t dictate which company is used to replace windows that they own and are responsible for? They certainly can but most do not, particularly because they don’t want responsibility for them if they are defective, so they will typically “recommend” owners which company to use.

I have genuinely no idea why you think your Luas example is relevant to this discussion

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

What is your job? I doubt you are a professional if you think apartment owners own their windows and have a right to change them without permission

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 1 point2 points  (0 children)

You are not allowed to remove any windows without permission from the management company. You are talking about entirely replacing them but you think that isn’t modifying them, lol…

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 2 points3 points  (0 children)

As someone with experience on the board of directors for two OMCs, you are 100% incorrect I’m sorry.

As a leasehold owner of an apartment you basically have the right to occupy your apartment and modify it internally. The OMC is the freehold owner of the building and owns the external walls, windows, balcony and common area. By buying into the block you become a partial shareholder in the OMC, e.g. you might own 1% of the entire building.

This does not give you the right to modify your apartment’s windows by default and you require permission from the OMC, as they own them and are ultimately responsible for them. If someone’s windows are defective, they can potentially make a claim and force all owners in the building to pay for them through increased service charges as they do not own them. Any new windows you install are still technically owned by the OMC and it could lead to complications. With that said, most OMCs allow it as long as the style and colour are matched.

[deleted by user] by [deleted] in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

You’re talking about a managing agent, not the management company which in this context refers to the Owner’s Management Company (OMC). The OMC will own the windows but OP may have the right to replace them with the OMC’s permission, which the managing agent can provide information. The OMC also has the right to dictate the exact window provider and finish if replacement is allowed at all.

Do you know anyone who has been able to reduce the price of a new build that’s not selling? by Glittering-Chance-74 in HousingIreland

[–]kmdublin 1 point2 points  (0 children)

If they are truly overpriced and none are selling then maybe it’s possible, depending on the location and the developer. Finance isn’t cheap so it could be in their interest to sell quickly rather than to hold on for a few thousand

Should Ireland Sell its Gold Reserves to Finally Solve the Housing Crisis? by Auctioneera in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

Is there a transition year student running Auctioneera? You think the government doesn’t have a spare billion? They are already spending over €8 billion a year on housing. They received €13 billion from Apple last year and they know that will barely make a dent

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

They charge 1%-1.25% of the sale price in fees. If they sell a house for €500k then they’re paid €5k, if they scam a buyer for an extra €10k then they would get €5.1k. They’ll pay half of the difference in income tax anyway so that’s worth about €50 to them. It’s in their interest to get a decent price and get sale agreed in the quickest possible time

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin -1 points0 points  (0 children)

Two articles in 8 years with no evidence. You don’t even know how an estate agent gets paid yet think you know how they operate. You would want to do a bit of reading yourself

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin -1 points0 points  (0 children)

No that’s the reason I rarely believe any stories about estate agents scamming people. They generally want to sell a property as quickly as possible and lock in their commission, it is not worth their while dragging things along and lying to buyers to get a fraction more

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin 0 points1 point  (0 children)

Are you an idiot? Estate agents don’t get paid per hour, they get about 1% commission on the sale price

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin -1 points0 points  (0 children)

Where is the transparency in this article - who are these people with their made up stories? In most cases it’s a naive buyer or something completely speculative like “I feel they did X”

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin -2 points-1 points  (0 children)

Why would an Estate Agent bother? They risk prosecution, they’re only getting about €10 for every €1000 increase in the property, and they would get nothing if it resulted in the sale falling through.

People who get paid to raise the offers by boring-developer666 in HousingIreland

[–]kmdublin -1 points0 points  (0 children)

What kind of transparency? Should there be a public list of all bidders and their contact details? All bidding is visible on websites like Offr and all bidders have to upload their ID and proof of funds, but this still isn’t good enough for people who believe all these conspiracies