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Posted on: 21 Nov 2018

The way we buy and sell houses is about to change

From January 1st, 2019, the buying and selling of houses and other real estate will move to a pre-contract investigation of title (PCIT) system. This will mean that all sellers, through their solicitor, will need to produce title packs pre-contract. Buyers’ solicitors will need to investigate title pre-contract. The benefit of this change is that all property title queries will be dealt with and resolved in advance of contract signing. Buyers will still need to take extra care not to sign a contract, by private treaty sale or by auction (whether online or not), before getting independent legal advice.

Read the full Irish Times article here: https://www.irishtimes.com/business/commercial-property/the-way-we-buy-and-sell-houses-is-about-to-change-1.3703023

 

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