Geemo Posted February 13, 2012 Share Posted February 13, 2012 Hi , Looking advice and/or input from anybody else who is buying from this site or knows anything regarding it ?! . I'm in the process of buying 1 of the apartments , have been for near 7 months now , it's taking forever ( paper work and Nama ) , , estate agent not very helpful , nor solicitors , , it's got to the stage I'm thinking of pulling out ( want my life back lol ) . Any advice helpful :-/ Thank you Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 13, 2012 Share Posted February 13, 2012 Hi , Looking advice and/or input from anybody else who is buying from this site or knows anything regarding it ?! . I'm in the process of buying 1 of the apartments , have been for near 7 months now , it's taking forever ( paper work and Nama ) , , estate agent not very helpful , nor solicitors , , it's got to the stage I'm thinking of pulling out ( want my life back lol ) . Any advice helpful :-/ Thank you RUN, QUICKLY Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 13, 2012 Share Posted February 13, 2012 I would be careful about buying into an uncompleted apartment scheme where the company is in receivership. Management companies, common areas and elevators to worry about. A house is a different mater as you can draw a line around what you own. You then only have to look at adoption of the main roads. The management of the open space should be a minor matter in comparison. Quote Link to comment Share on other sites More sharing options...
Geemo Posted February 13, 2012 Author Share Posted February 13, 2012 I would be careful about buying into an uncompleted apartment scheme where the company is in receivership. Management companies, common areas and elevators to worry about. A house is a different mater as you can draw a line around what you own. You then only have to look at adoption of the main roads. The management of the open space should be a minor matter in comparison. Hi , Its a shell im buying , there is no lifts in the apartment block ( 4 apartments in my block ) . the management company is setup , and the actual site is 80% finished with contacts set out by the bank ( seller ) to finish everything . Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 13, 2012 Share Posted February 13, 2012 Hi , Its a shell im buying , there is no lifts in the apartment block ( 4 apartments in my block ) . the management company is setup , and the actual site is 80% finished with contacts set out by the bank ( seller ) to finish everything . I would refer you to 2buyornot2buy's advice above. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 13, 2012 Share Posted February 13, 2012 Yep BVI knows what he is talking about when it comes to this sort of thing. You'd be mad to buy a shell apartment in this environment. It will only continue to drop in value. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 13, 2012 Share Posted February 13, 2012 Yep BVI knows what he is talking about when it comes to this sort of thing. You'd be mad to buy a shell apartment in this environment. It will only continue to drop in value. You are unwise to buy a shell apartment in any environment as you become responsible for additional costs that you are currently unaware of. Quote Link to comment Share on other sites More sharing options...
Geemo Posted February 13, 2012 Author Share Posted February 13, 2012 i hear everybody loud and clear , , and in defence of me even thinking about buying this apartment : They are finished as a shell , ie all electrics finished , heating finished including radiators ( just needs a boiler fitted ) , all plastering/floors finished . So its a blank canvas , needs kitchen fitted , bathroom fitted , doors fitted , carpets fitted ... move in . Theres only 4 to a block , all got separate doors . It , to me seems a good location , a bit better that most apartment sites as in its a small development , lots of parking and quite private . ( not like the belfast multi storey blocks ) . Im told the site will be finished ( for all it needs ) by the bank and contracts are in place . this will be confirmed in final contract on purchase . And for reference im buying for £55,000 . 00 . Like i say i havnt bought it yet , still thinking about pulling out , loosing heart in the place , , but it was going to be a home , mortgage free , new start , with few overheads . Quote Link to comment Share on other sites More sharing options...
Malthus Posted February 13, 2012 Share Posted February 13, 2012 i hear everybody loud and clear , , and in defence of me even thinking about buying this apartment : They are finished as a shell , ie all electrics finished , heating finished including radiators ( just needs a boiler fitted ) , all plastering/floors finished . So its a blank canvas , needs kitchen fitted , bathroom fitted , doors fitted , carpets fitted ... move in . Theres only 4 to a block , all got separate doors . It , to me seems a good location , a bit better that most apartment sites as in its a small development , lots of parking and quite private . ( not like the belfast multi storey blocks ) . Im told the site will be finished ( for all it needs ) by the bank and contracts are in place . this will be confirmed in final contract on purchase . And for reference im buying for £55,000 . 00 . Like i say i havnt bought it yet , still thinking about pulling out , loosing heart in the place , , but it was going to be a home , mortgage free , new start , with few overheads . I know the area well, for that money it would need to completely finished and to a very high standard Imho Quote Link to comment Share on other sites More sharing options...
Satscene Posted February 14, 2012 Share Posted February 14, 2012 I know the area well, for that money it would need to completely finished and to a very high standard Imho i live outside Dromore, i think its too expensive @ £55k....... is it like this one? http://www.propertypal.com/cambric-court-dromore/118462 Quote Link to comment Share on other sites More sharing options...
Geemo Posted February 14, 2012 Author Share Posted February 14, 2012 i live outside Dromore, i think its too expensive @ £55k....... is it like this one? http://www.propertypal.com/cambric-court-dromore/118462 Yep , that's them Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted February 14, 2012 Share Posted February 14, 2012 Yep , that's them Look we just saved you at least £15,000. £55,000 - £40,000 = £15,000 Quote Link to comment Share on other sites More sharing options...
Geemo Posted February 14, 2012 Author Share Posted February 14, 2012 Look we just saved you at least £15,000. £55,000 - £40,000 = £15,000 lol , i hav'nt lost any money ( yet ) . You had to bid on them ( last year ) . It was a first floor apartment with a massive roof space , which already as a window as you can see in the picture . adding a 3rd bedroom if wanted in the future . ( thanks again for everybodys input , its giving me alot to think about ) Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted March 9, 2012 Share Posted March 9, 2012 I notice this has now gone sale agreed. Quote Link to comment Share on other sites More sharing options...
Ausdave Posted March 9, 2012 Share Posted March 9, 2012 Looks nice but hope you haven't signed a contract! Quote Link to comment Share on other sites More sharing options...
Geemo Posted March 12, 2012 Author Share Posted March 12, 2012 I notice this has now gone sale agreed. Really ? , do you know which apartment ? Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted March 12, 2012 Share Posted March 12, 2012 Really ? , do you know which apartment ? No idea which, I was just looking at the propertypal link on the thread http://www.propertypal.com/cambric-court-dromore/118462 Quote Link to comment Share on other sites More sharing options...
Geemo Posted March 12, 2012 Author Share Posted March 12, 2012 No idea which, I was just looking at the propertypal link on the thread http://www.propertypal.com/cambric-court-dromore/118462 Well , it will be no surprise to you my solicitor adviced to walk away also . Quote Link to comment Share on other sites More sharing options...
vman7 Posted March 12, 2012 Share Posted March 12, 2012 how much did you have to pay your solicitor to tell you to walk away? You could have gotten that advice for free here PS - My landlord just asked me if i would be interested in buying the property i currently rent. Im tempted but he is asking way too much for it and i dont want to rock the boat by offering around 30% less than what he is asking and ruining a very good relationship. Awkward position as he keeps asking me if i have decided..... Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted March 12, 2012 Share Posted March 12, 2012 how much did you have to pay your solicitor to tell you to walk away? You could have gotten that advice for free here PS - My landlord just asked me if i would be interested in buying the property i currently rent. Im tempted but he is asking way too much for it and i dont want to rock the boat by offering around 30% less than what he is asking and ruining a very good relationship. Awkward position as he keeps asking me if i have decided..... Where's this vman? Can you not tell him you have decided to continue to rent? You're looking to build a better deposit for better rates? Something like that without saying "this is seriously overpriced"? Quote Link to comment Share on other sites More sharing options...
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