1. Save for a deposit. If you can afford to buy a house worth €200,000, your lender may offer you up to €160,000. This means you may need to have the remaining €40,000.
2. Work out your budget. Carefully review your budget to see that you have enough to cover the other costs involved in buying. Please include Stamp duty, Legal fees, Survey costs, Home insurance, Management fees,
3. Research and apply for your mortgage. You should try to get mortgage approval in principle before you start looking at properties, so you have a clear idea of the price range you should be looking at.
4. Find a solicitor. It is a good idea to choose a solicitor before you start looking at properties, because as soon as your offer is accepted, the estate agent will ask for your solicitor’s details to pass onto the seller’s solicitor.
5. Start house hunting. You are now ready to start your search.
6. Making an offer. When making an offer set yourself a maximum price you are willing to pay for the property and do not exceed this. You can check the Property Price Register to see what the property, or other properties in the area, have sold for recently.
7. Sale Agreed. Once your offer is accepted the property is sale agreed and you will need to pay a booking deposit to the estate agent. The booking deposit is refundable up until you sign the contracts.
8. Completing the purchase. You should strongly consider hiring your own surveyor, engineer, or architect to carry out a detailed structural survey, especially if you are buying an older property.