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Selling and Buying a House at the Same Time in Ireland

Navigating the complexities of buying and selling a house in Ireland simultaneously requires careful planning and consideration of multiple factors.

From understanding legal implications to navigating logistics, there are several factors that must be taken into consideration when attempting this process. 

In this blog post, we’ll discuss how best to prepare for buying and selling simultaneously in Ireland as well as provide tips on ensuring success throughout the entire process. If you’re in search of strategies to make your transition simpler while attaining the most out of it, then keep reading.

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Phil Thompson

Phil Thompson, Sales Director.

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Overview of Buying and Selling a House at the Same Time in Ireland

Buying and selling a house at the same time in Ireland can be beneficial for you if you are looking to move quickly without any disruption. By doing this, you are able to circumvent the need for temporary housing while their new residence purchase is being processed. 

Therefore, your savings can include, moving and storage costs, rental costs, solicitor fees and avoiding double mortgage payments.

While many advantages are associated with buying and selling a house simultaneously, it involves some risk also. 

The biggest risk is not being able to close on both transactions within the desired timeline due to unforeseen circumstances, such as title issues or financing problems on either side of the transaction, which could cause delays in one or both closings. 

Additionally, buyers may face higher competition when attempting this strategy because they must act quickly when making an offer on a new home before their current home sells; thus potentially driving up prices beyond what was initially budgeted for the purchase price of the new home.

If you will need a mortgage to complete your move, you should not put your property up for sale until you have your mortgage approval in place. Any delay in obtaining mortgage approval could disrupt the precise timing needed to achieve concurrent closing, and most sellers will not consider offers from parties who do not have a definite budget or confirmed proof of funds.

As of early 2023, the financial institutions in Ireland do not offer bridging finance. This can make it very challenging to move house if you cannot afford to own two properties simultaneously. Really the only practical way to do this in a seller’s market is to put your house up for sale before trying to buy your new home. 

You should share your wish list for your new home with your chosen agent, as occasionally, they will find someone who is looking to buy a house like yours and sell a property which might be ideal for you. In these cases, a home swap can be arranged, with the differential in price changing hands.  This is the ideal situation as both parties move on the same day.

Another solution which can sometimes be arranged is for your agent to sell your property to a buyer who does not require immediate possession and is willing to let you stay on in your home for a specified period of time while you complete your purchase. This can be done either by delaying the completion of your sale or through a caretaker arrangement post-completion.

Overall, buying and selling a house at the same time can be beneficial if carried out smoothly. With thorough research and readying of both purchases, it is feasible to make the entire process go as effortlessly as possible. Next, we will explore how to ready oneself for such a task.

We highly encourage sellers to make transitional arrangements, so they can complete their sale even if their purchase takes longer to complete. Your problem is that you are not in a position to buy until the sale of your property has been completed. In a competitive market, many people trying to move house lose out on their ideal home, through trying to buy before they sell. Most sellers will prefer a lower offer from a purchaser who does not need to sell another property.

Preparing to Buy and Sell Simultaneously

When it comes to buying and selling a house in Ireland, preparation is key. Before entering into either buying or selling a house, exploring financing options is essential to determine the budget for each transaction. 

Having an exact appraisal or evaluation from a competent expert is crucial to know the market worth of your asset prior to listing it for sale; this can give you an advantageous understanding of what possible purchasers may offer. 

Once the finances are sorted out, finding suitable buyers for your property is essential. Utilising real estate agents and other professionals familiar with the local market can help ensure that you get the best possible deal on either side of the transaction. A good solicitor can brief you on the conditionality of contracts which is crucial to understanding the risks involved in a property ‘chain’. 

Logistics of Buying and Selling at the Same Time in Ireland

Understanding the chain process involved in both transactions is key for success. A successful chain process requires multiple parties such as estate agents, solicitors, surveyors, lenders and buyers/sellers to collaborate in order for the purchase or sale of a house to be completed. It’s important to understand how each party works with one another and what their individual roles are throughout this process so that any potential issues can be avoided.

Another important factor when buying and selling a house simultaneously is ensuring you have somewhere to live during the transition period if necessary. If you’re unable to move out before your new home has been purchased or completed then it’s essential that alternative arrangements are made such as renting temporary accommodation until your new home is ready. This is where your parents (or children) may come in handy.

Many homebuyers will include contingencies in their purchase offer contingent on selling their existing home. However, this can make the offer less attractive to the seller, who may prefer a buyer with a more straightforward and reliable financing plan.

Finally, working with estate agents, solicitors and other professionals can help facilitate this process by providing advice on market trends & prices, setting realistic expectations & timelines and being flexible & open-minded throughout the entire journey. 

Solicitors will handle all legal aspects of both transactions including contracts between buyer/seller as well as dealing with financial matters such as deposits etc., making sure everything runs smoothly from start to finish without any issues arising.

It is important to understand the chain process involved in both transactions when buying and selling a house at the same time in Ireland. With that knowledge, you can move on to learning tips for successfully completing this task.

Key Takeaway: Buying and selling a house at the same time in Ireland requires careful consideration of the chain process involved, making alternative living arrangements if needed, as well as taking advantage of estate agents’ and solicitors’ expertise to ensure a successful transaction. To get it right first-time round you need to be savvy with market trends and prices while remaining flexible throughout the journey.

Tips for Successfully Buying and Selling a House at the Same Time in Ireland

To gain an understanding of the price range when buying and selling a house in Ireland, researching local market trends and prices is essential. This will help you understand what kind of price range to expect when looking for a buyer or what offer to make to a seller. 

Setting Realistic Expectations & Timelines:

Buying and selling simultaneously can be quite complex and involve many different steps along the way; therefore, it’s important that you set realistic expectations from the start so that neither party ends up feeling frustrated with the process. 

It’s also important to create a timeline outlining each step involved so that everyone knows what they need to do and when—this will keep things running smoothly throughout the entire process.

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Lastly, being flexible and open-minded throughout both transactions is key if you want them to go off without any hiccups. 

For example, if there are delays due to financing issues, legal issues or unexpected repairs needed on either side of the transaction, try not to get too worked up about it – these things happen all too often in real estate deals. 

By staying calm and patient through these types of situations and avoiding any unnecessary arguments, both parties will have an easier time getting through them quickly and efficiently.

Navigating the property market when purchasing and disposing of a home simultaneously can be daunting, yet with appropriate research, practical outlooks, adaptability throughout the course of action and an open attitude it is achievable. 

In conclusion, we will summarise our key points discussed about buying & selling a house at the same time before giving our final thoughts on this topic.

Key Takeaway: It is essential to research local market trends and prices when buying and selling a house in Ireland, while setting realistic expectations and timelines. Flexibility is key; being open-minded will help keep the process running smoothly despite any potential hiccups or delays along the way. ‘Riding out’ these bumps in the road with patience ensures both parties get through it unscathed.

FAQs in Relation to Buying and Selling a House at the Same Time in Ireland

How do I sell and buy a house at the same time in Ireland?

Selling and buying a house in Ireland can be done simultaneously. To start the process of selling and buying a house in Ireland, you must enlist an estate agent to list your current property for sale while searching for another that meets your needs. Once the new home is found, some agents (like ourselves in CKP) are happy to guide you through the buying process and help negotiate the purchase of your new home on your behalf. Securing the necessary funds from a lender or other financial source might be essential prior to finalizing the transaction. With proper guidance from an experienced real estate professional, selling and buying a house at the same time in Ireland is possible.

Is it possible to sell and buy a house at the same time?

It is feasible to carry out a simultaneous transaction for both buying and selling a residence. This process is called ‘simultaneous settlement’ or ‘concurrent closing’. It involves both parties agreeing on an exchange date for the sale of one property and the purchase of another. For the exchange to occur on the designated date, all paperwork must be completed beforehand. 

How long after buying a house can you sell it, in Ireland?

In Ireland, you can sell your property at any time after purchasing it. Although the precise length of time, until a sale can be listed and completed, may vary, it is typically subject to the terms of your mortgage contract as well as any early repayment fees. Generally speaking, most mortgages allow for properties to be sold without penalty after 6 months but this may vary depending on the lender’s policy. It is best to check with them directly for more information about their specific policies prior to listing your property. If there is no mortgage involved you can sell it as soon as your purchase is completed.

Can I sell my house if I have a mortgage in Ireland?

It is possible to dispose of your abode in Ireland if you have a mortgage. Contact your mortgage lender to discuss the necessary steps for selling a mortgaged property. They require that any proceeds from the sale be used to pay off the outstanding loan balance before releasing their security on the property. It is important to understand all of your obligations when selling a mortgaged property, so it is recommended that you seek professional advice prior to proceeding.  You will need to ask your solicitor to requisition the title deeds from the bank holding your mortgage. This should be done before listing your property for sale as some loans have been sold and the purchasing entity may take many weeks to track down the right box!  If there is any possibility that the proceeds of the sale may not cover your obligation to the lender, then you should inform both your solicitor and your estate agent. Usually in that case simultaneous transactions are impractical as you cannot commit to selling without approval from your lender, which introduces additional delays and uncertainty.


Simultaneous house buying and selling can be a complex undertaking; however, it is achievable with the right preparation. With careful planning, understanding of the legal implications involved, consideration for logistics such as chains and taking tips from experienced professionals into account; you should have no problem completing this process successfully. It may take some extra effort to make sure everything runs smoothly when buying and selling a house simultaneously, but with proper preparation, you will get your desired results.

If you’re looking to buy or sell a property in Dublin, Ireland, Casey Kennedy Estate Agents can provide the perfect solution. We have years of experience and expertise that will help make your real estate transaction smooth and successful.

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