Blog

  • 19/06/2019 - Foley Auctioneers 0 Comments
    BENEFITS OF PROPERTY AUCTIONS

                                                                                    What are the benefits of a Public Auction?




    No sale no Fee
    I am sold are the only auction company in Ireland who work on a No Sale, No Fee basis. Nothing to pay to enter your property into one of our auctions and we cover the cost of the extensive marketing campaign we undertake before each auction.

    Increased Exposure : 
    Each property is guaranteed increased exposure and advertising to ensure in generating more interest and bids. The extensive Marketing campaigns include both national and Regional newspapers and National and International online advertising. 


    The Security of a Non-Refundable Deposit : 
    Once a Property is sold, the buyer pays a non-refundable deposit to secure your Property, so you can be sure they are
    committed to the sale.

    An Undisclosed Reserve Price : 
    This figure is set separately to your starting bids price to ensure you reach a value you are happy for the Property to sell for.

    A fixed date to sell and Move :

    These realistic yet fixed timescales are set from the start, to ensure the process runs as smoothly as possible to time frames that benefit all. 


    Greater Levels of Interest & Viewings :  

    Your Property will naturally receive greater exposure from our websites and advertising and National and International Property portals and our online bidding facility which is accessible 24/7. This will significantly increase interest, resulting in more viewings and bids on your property. 


    Achieve Market Value : 
    Due to increased exposure and activity, we can ensure your property will have the best chance of getting interest and competitive bidding, thus achieving the best price possible for you.



                                                                                         Why choose Foley Auctioneers??

    Since opening in 1993, we at Foley Auctioneers pride ourselves on our professional service and have built our business through word of mouth, recommendations and repeat business. We are an Independent family run company with vast knowledge of the local area in Dunshaughlin, as well as surrounding areas such as Ashbourne, Blanchardstown, Dunboyne, Navan, Ratoath and Trim.

    We provide a professional experience and have a high success rate in Residential Sales and Lettings, Commercial Sales and Lettings and Land Sites as well as the Agricultural market. Our Busy Lettings, Valuation and Financial Services Departments provide a very personal professional and efficient customer service as we understand that our business is about people not just property.

    We are members of The Society of Chartered Surveyors of Ireland (SCSI) and The Royal Institute of Chartered Surveyors (RICS), the Largest body of Property Professionals in the World. The Principal in the firm Oliver Farrell is a valued member of both the SCSI and RICS, as well as being a QFAC qualified Financial Adviser and Commissioner of Oath with vast experience in the property world.


     Log on to iamsold Leinster property auction for further details.

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  • 09/05/2019 0 Comments
    Dunshaughlin Town Extension

    It is hard to believe that between 1919-1945 there were only eight private households in Dunshaughlin.  We have come a long way since those times.  Dunshaughlin for the last century has housed both the council offices for the region and our local Courthouse.  The name Dunshaughlin itself deriving from St. Sechnall, which is believed to be the nephew of St. Patrick.  From the late 1980's into the 1990's a lot of new houses appeared around the village and with this our population grew which encouraged the setting up of many new organisations eg. Sporting clubs, Community organisations and Associations.  With the influx of our increased population combined with the previous families of Dunshaughlin we have seen Dunshaughlin GFC win three senior county championships in a row at the turn of the Millennium, and going from there to the All-Ireland club semi-final in 2002.  


    Once again these are changing times for Dunshaughlin as it has recently been announced that we are to get our new Primary School.  This is great news for our Local Community.  The school is scheduled to be open for September 2019.  Louth/Meath Educational Training Board have been awarded with the patronage.  Its temporary building will be Dunshaughlin GAA in September 2019 with the schools permanent home being The Dublin Road.  


    The face of Dunshaughlin town is changing rapidly with the incoming of shops/brands Costa, Lidl and announced in March of this year Aldi.  


    GEM Groups application for its housing development in Dunshaughlin has been approved by An Bord Pleanala.  This developement comprises of 913 residential units, consisting of 505 houses, 186 duplex units and 222 apartments on the site.  90 of these homes will be allocated for social housing.  It will also include neighbourhood centre facilities including a childcare centre, two retail units and a primary healthcare unit for a gym.  The application also includes open space areas such as playgrounds and pedestrian and cycling areas.  The development is an ideal location for first time buyers and families with the hope that it may pave the way for the Railway line to open for both Dunshaughlin & Navan in the future.  


    For more information on the town extension follow the link 

    https://www.meathchronicle.ie/news/roundup/articles/2019/04/26/4173192-dunshaughlin-town-extension-of-over-900-units-gets-goahead/


    Thanks for Reading

    Foley Auctioneers

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  • Property, Sales
    29/03/2019 - Myhome.ie 0 Comments
    ASKING PRICE INFLATION STABILISES

    MyHome.ie Q1 2019 Property Report in association with Davy.

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  • 15/03/2019 - Society of Chartered Surveyors Ireland 0 Comments
    Annual Residential Market Report 2019

    National house prices to

    increase by 4% in 2019,
    down from an average of
    8% last year

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  • 15/02/2019 - Ronan Lyons 0 Comments
    The Daft.ie Rental Price Report

    New Year is a time for optimism. The Last Daft.ie Rental Report had the headline 'No end in sight for rental sector woes' and focused, in particular, on the lack of availability on the market. All of this was in the context of the tenth consecutive Rental Report where annual inflation in advertised market rents was above 10%.


    So how, then, should we interpret the fall in inflation recorded in this latest report? Nationally, inflation fell from 12.4% in mid 2018 to 9.8% by the year end. This fall was seen in Dublin and the other cities, as well as in Leinster outside of Dublin.  (Munster, Connacht and Ulster - outside the cities - are going the other way, with inflation at double - digit rates and two year highs.)

    The first thing to note is that we are still discussing substantial price increases, even if in percentage terms the increases in key markets have fallen below a noteworthy threshhold.  The average Dublin rent rose by €160 during 2018, compared to €180 in 2017.  It is unlikely that any new or existing tenants will be celebrating just because the new all time high is less dramatically above the previous high than it was compared to the figure from two years ago.

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  • 19/07/2018 - Oliver Farrell 0 Comments
    How to negotiate the mortgage maize to get your first home
    • Would be home buyers face challenges not least
      sky rocketing rents that make saving difficult
    • Under Central Bank rules borrowers are allowed to borrow 3.5 times their salary and
      need a 10% deposit, other home buyers need a 20% deposit
    • A limited number of borrowers can avail of exceptions to Central Bank Rules. In November 2017 the regulator tweaked its
      policy on exceptions, changing how the available budget for exceptions can be split between
      first time buyers and second and subsequent buyers.
    • Since January 2018 up to 20% of new lending to first time buyers can exceed the 3.5
      times salary borrowing gap, while up to 10% of it value of new lending to other
      home buyers can breach the limit.
    • This rule has created a rush at the beginning of the year. Top tip is now to get
      ready for 2019 and be ready for exceptions next year.
    • Understanding your mortgage rate options, interest rate is key, figures suggest that for the typical
      first time buyer a 0.25% increase to their mortgage will increase payments by
      €35 per month.
    • With European interest rates at record lows, a growing number of borrowers are
      choosing to fix their mortgage rate to lock in lower rates and the banks are
      now starting to offer very competitive fixed rates.
    • For borrowers it is very important to understand that interest rates will increase
      and that will happen within the next 12 months.
    • Presently variable rates in the making for somebody borrowing 90% range from 3.2% APR to
      4.4% APR. Fixed rates for the same type of person range from 3.3% APR for a 2 year fixed to 3.9% APR
      for a 10 year fixed rate. So you can see some very competitive fixed rate
      products.
    • Also some options to split between fixed and
      variable.
    • Fixed rates more flexible that in the past as a lot of banks do not charge penalties
      for breaking a fixed rate loan and also you can now with some lenders move
      house and retain the fixed loan.
    • The nuts and bolts of how a mortgage works,

      o
      How long your mortgage approval is valid for.

      o
      What you need to do to get a loan re-approved while you are searching for a
      property.

      o
      An increasing number of approvals expire and people haven’t found a house.


    • It is difficult to get a mortgage and that is probably correct.
      o
      Sometimes people need to plan for 6 months and clean up their bank current account before
      applying as banks look closely at your expenditure and savings pattern.

      o
      The Central Bank stress test all mortgage cases at 2% above the rate for prudence.
           
    • Some lenders offer cash back deals, I would say consider very carefully avoiding
      paying more in the long run. I would
      like to see these products withdrawn for to help transparency for an already
      complicated market.



      Oliver Farrell QFA is an experienced
      Mortgage And Financial Adviser with Over 25 years’ Experience and can be Contacted
      at (087) 252 5037 or farrellfinancialservices@eircom.net


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