Board index » The IRISH PROPERTY BUBBLE » Sell, Buy or Rent?

Post new topic Reply to topic  [ 8 posts ] 
Author Message
 Post subject: Sale agreed on house with all utilities disconnected
PostPosted: Wed Mar 14, 2018 9:43 pm 
Offline
Single Home Owner

Joined: Jun 6, 2011
Posts: 152
I'm sale agreed on a repossession case. The house is in a modern but everything has been disconnected for over 2 years. The vender is refusing to reconnnect anything and wants to sell as seen. The house needs work done as per survey. What would be the insurance position for me as I would not be able to move in without utilities and renovations can't be carried out without access to power.


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Thu Mar 15, 2018 1:11 pm 
Offline
Planning Tribunal Attendee

Joined: Aug 2, 2011
Posts: 1218
Arrange to get utilities connected after contract signing and before you close. I take it that the services are there, just switched off.

If the place needs renovation and you're not going to be living in it until it is renovated, then that's something that needs raising with insurance anyway. Someone else has broached the subject of renovation insurance so check that thread. Where does your insurance start and end / where does your renovator's insurance start and end. What happens when there's overlap in cover between yours and his (in which case, both insurers will try to land a claim on the others = stalemate)

Check your solicitor re: when to get insurance. Mine suggested from the time of contract signing.


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Thu Mar 15, 2018 1:22 pm 
Offline
Under CAB Investigation
User avatar

Joined: Sep 26, 2008
Posts: 1813
Location: Hey y'all
Based on a neighbor who bought a repo in the west with all utilities disconnected make sure you know how much it will cost to get all reconnected, electricity cost them something short of 2.5k all told as it was disconnected over 2 years and took quite a while to get sorted.

_________________
"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." —Groucho Marx


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Thu Mar 15, 2018 5:02 pm 
Offline
Holiday Home Owner

Joined: Jun 28, 2010
Posts: 318
Getting the ESB back will cost at least €1000 for a property left that long-it will be treated as a new connection to the network and will need a full safety check by a certified contractor.


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Mon Mar 19, 2018 8:17 pm 
Offline
Single Home Owner

Joined: Jun 6, 2011
Posts: 152
Thanks for the informative replies. The house is around 10 years old and is in a modern estate.


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Mon Mar 19, 2018 11:20 pm 
Offline
IMF'd

Joined: Sep 13, 2007
Posts: 31629
Location: Tullamore
Also check there aren't large arrears that need to be cleared before a reconnection.

Phone lines that have been left idle can be a bit of a pain to reconnect too.

_________________
"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Tue Mar 20, 2018 10:08 pm 
Offline
Nationalised
User avatar

Joined: Jan 4, 2013
Posts: 17326
Location: To the right of the decimal place
yoganmahew wrote:
Also check there aren't large arrears that need to be cleared before a reconnection.

Arrears do not need to be cleared prior to reconnection (they're not your debt); however you may have to pay a significant deposit in order to be reconnected.

yoganmahew wrote:
Phone lines that have been left idle can be a bit of a pain to reconnect too.

Should be very straightforward as long as you have a proper address and/or eircode. If the line is still physically connected it's an in-situ activation with is electronic. Otherwise it's known as a pre-cabled connection which is also very quick. Anyway, who uses a home phone line these days?

_________________
— Try, fail, understand, win. —


Top
 Profile  
 
 Post subject: Re: Sale agreed on house with all utilities disconnected
PostPosted: Thu Jun 14, 2018 8:18 pm 
Offline
Single Home Owner

Joined: Jun 6, 2011
Posts: 152
Thanks for all the valuable advice. The cost for getting Electricity reconnected turned out to be under €100 and the electrician didn't charge much more. We are still waiting for power to be connected but are very happy that we did not have to pay over €1,000


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 8 posts ] 

    Board index » The IRISH PROPERTY BUBBLE » Sell, Buy or Rent?

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com