She has a good job and is keen to make Ireland her permanent home, but for American Rebecca Vining, the daunting task of getting a foot on the property ladder here is enough to send her home.
s Vining, 24, moved to Dublin from her home in Chicago in 2017 and has since moved twice to different rentals in Sutton and Deansgrange.
She rents a room in an apartment in Chapelizod and has been scouring online rental websites like Daft.ie every day hoping to find an apartment somewhere in the greater Dublin area.
The fact that she’s hoping to bring her dog, Fionn, an Australian cattle dog, home from the US has made finding a place to take pets virtually impossible.
“It’s rare to get a response from a rental company,” said Ms. Vining, a psychology researcher at Trinity College.
After getting nowhere, she decided to take the plunge and look for a two bedroom apartment or townhouse where she could commute to work and have a spare room for her mom to visit.
But even with a budget of up to 300,000 euros, she almost gave up.
“There’s not much in my price range,” she said.
And even if she could find something in her price range, she said the competition out there is just too stiff, especially for first-time buyers.
“It’s disheartening because I know they’re going so far over the asking price,” she said Irish Independent. Even if she found a property that was within her budget and tried to make an offer, she fears she would lose out to more experienced home seekers.
“I’m a first-time buyer so it would be very intimidating,” she said. For that reason, she enlisted the services of Dublin-based buyers’ agent Liz O’Kane “mainly for the negotiations,” she said.
Aside from not being available to meet with real estate agents or view properties during the day when she’s at work, she said the sheer stress and time it takes to search for a property , outweigh having to pay a real estate agent to look for her.
“The time I would have to take away from work makes up for that. It’s just extra stress that I don’t need while I’m just starting my career.”
Ms O’Kane, meanwhile, said that while it’s difficult enough for house seekers at the moment, the fact that Ms Vining isn’t local makes the task even more difficult.
Even something as simple as reading between the lines when it comes to asking price is a problem.
While online ads may advertise a property for €299,000, in reality they can expect at least €325,000, she said.
“It says the asking price, but it should be the target price,” she said.
And for people like Ms. Vining, who can’t take time off work to look at real estate, the task is even more difficult, she said.
And then there’s the very real problem of too many people searching for too few properties.
“At the end of the day, it’s about who has the most money,” she said.
https://www.independent.ie/business/personal-finance/property-mortgages/tcd-researcher-struggles-to-find-a-home-for-under-300000-41866831.html TCD researcher struggles to find home for under €300,000