Rebecca Vining has a good job and is keen to make Ireland her permanent home, but getting on the property ladder could send her packing
She has a good job and is keen to make Ireland her permanent home, but for American Rebecca Vining, the daunting task of trying to get a foot on the property ladder here is enough to send her packing.
Ms Vining, (24) moved to Dublin from her home in Chicago in 2017 and she has moved twice since to various rental accommodation in Sutton and Deansgrange.
She is sub-letting a room in a flat in Chapelizod and had been scouring online renting websites like Daft.ie every day in the hopes of getting a flat anywhere in the greater Dublin area.
The fact she hopes to bring her dog Fionn, an Australian cattle dog, over from the States to live with her has made the task of finding somewhere that takes pets virtually impossible.
“It’s rare to hear back from a rental site,” said Ms Vining, who works as a psychology researcher at Trinity College.
After getting no where, 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 mother to come and visit her.
But even with a budget of up to €300,000 she has almost given up.
“There’s not a lot in my price range,” she said.
And even if she could find something within her price range, she said the competition is just too fierce out there, especially for first-time buyers.
“It’s daunting because I know they go so much over the asking price,” she told the Irish Independent. Even if she did find a property that was within her budget and tried to make an offer, she fears she would lose out to more experienced house-hunters.
“I’m a first-time buyer so it would be very intimidating,” she said. For that reason, she enlisted the services of Dublin-based Buyer’s Agent Liz O’Kane “mainly for the negotiation,” she said.
Aside from not being available during the day when she is at work to meet with estate agents or view properties, she said the sheer stress and time it takes to look for a property outweighs having to pay agent to look for her.
“The amount of time I’d have to take off work, it evens it out. It’s just an additional stress that I don’t need while I’m just starting off in my career.”
Ms O’Kane, meanwhile, said while it’s hard enough for house-hunters right now, the fact Ms Vining is not from here makes the task even more challenging.
Even something as basic as reading between the lines when it comes to the asking price is an issue.
While online ads may advertise a property for €299,000 in reality they can expect at least €325,000, she said.
“It says asking price, but it should say guide price,” she said.
And for people like Ms Vining, who can’t take time off work to look around for properties, the task is even more difficult, she said.
And then there is the very real problem of too many people chasing too few properties.
“At the end of the day, it’s all about who has the most money,” she said.