Would like to know how many pay 10% above asking to actually real other interested buyers and how many are just made up estate agent fuckery.
fedupofbrick on
Viewed a house. Was 375k. bidding is now at 450k. 2 bedroom house
Equivalent_Leg2534 on
Saw a house on the market for 430. Lovely bones but needed an awful lot of work done on it. Like, needed the guts of 100/150k put into it. It went for 487k.
funpubquiz on
The government has loaded the dice against buyers.
Shytalk123 on
This market is looking increasingly irrational
litrinw on
This is mainly cause asking prices mean nothing anymore and many estate agents purposely put asking prices way below what they know the house is worth
YoIronFistBro on
It’s not intense competition, it’s normal competition, but with a fraction of the homes to compete for.
Holiday_Toe5779 on
10% would have been nice, our house went for 25% over asking
YoureNotEvenWrong on
Fairly meaningless, a lot of asking prices are set below market to generate interest
SpyderDM on
The system used (live online bid system) for most homes certainly is in the seller’s favor and almost always results in bid wars.
Somaliona on
Ours went about 8% over asking.
However, it was listed around 10% under the price of other houses in the estate.
At the time of drawdown (just pre-ECB interest rate hikes) I felt the whole market was going to dip on rates going up but we bit the bullet.
Glad we did and ignored my amateur level economic analysis. It’s just getting tougher and tougher.
Gean-canach on
The “asking price” is not the true asking price in a lot of cases. When we were trying to buy a house last year in Maynooth, we offered the asking price. We waiting for a response from one of the selling agents in Maynooth with none of our calls or emails being answered.
Finally after 2 weeks we got incontact and were told that the offer wasn’t accepted because the offer wasn’t high enough. They said the asking price was usually set for 7-9% lower than the real price.
Very frustrating and shitty tactics by the estate agencies.
its_brew on
Although I’m already screwed, I paid 355k for a 4 bed A rated home.
The fact there’s no bidding allowed on new builds really saved our bacon.
The next phase already has the same house as 395k
Alcinous21 on
Only 10% ? Rookie Numbers
House we were looking at was advertised for €390k, went for €511K
CreativeBandicoot778 on
If we tried to buy the small, cold, old house we bought three years ago *now* we wouldn’t be able to. And we already paid above asking for ours.
It’s looking like a bargain now by comparison to what I’m seeing today.
Motor-Category5066 on
Keep voting FFG for more of this shit.
shortyshirt on
Asking price is just the starting point for auction. It’s not like buying a toaster. The house is worth what someone is willing to pay for it.
Jon_J_ on
Last week viewed a place for €450K at a 5.30pm viewing, got call next morning from estate agent to see what I thought and that it had also gone by to €505K overnight.
The desperation from people now has them throwing money at completely over valued properties. When apartment/house viewing over the last few months, the amount of absolute dives of apartment for €450K+ is shocking
18 Comments
Would like to know how many pay 10% above asking to actually real other interested buyers and how many are just made up estate agent fuckery.
Viewed a house. Was 375k. bidding is now at 450k. 2 bedroom house
Saw a house on the market for 430. Lovely bones but needed an awful lot of work done on it. Like, needed the guts of 100/150k put into it. It went for 487k.
The government has loaded the dice against buyers.
This market is looking increasingly irrational
This is mainly cause asking prices mean nothing anymore and many estate agents purposely put asking prices way below what they know the house is worth
It’s not intense competition, it’s normal competition, but with a fraction of the homes to compete for.
10% would have been nice, our house went for 25% over asking
Fairly meaningless, a lot of asking prices are set below market to generate interest
The system used (live online bid system) for most homes certainly is in the seller’s favor and almost always results in bid wars.
Ours went about 8% over asking.
However, it was listed around 10% under the price of other houses in the estate.
At the time of drawdown (just pre-ECB interest rate hikes) I felt the whole market was going to dip on rates going up but we bit the bullet.
Glad we did and ignored my amateur level economic analysis. It’s just getting tougher and tougher.
The “asking price” is not the true asking price in a lot of cases. When we were trying to buy a house last year in Maynooth, we offered the asking price. We waiting for a response from one of the selling agents in Maynooth with none of our calls or emails being answered.
Finally after 2 weeks we got incontact and were told that the offer wasn’t accepted because the offer wasn’t high enough. They said the asking price was usually set for 7-9% lower than the real price.
Very frustrating and shitty tactics by the estate agencies.
Although I’m already screwed, I paid 355k for a 4 bed A rated home.
The fact there’s no bidding allowed on new builds really saved our bacon.
The next phase already has the same house as 395k
Only 10% ? Rookie Numbers
House we were looking at was advertised for €390k, went for €511K
If we tried to buy the small, cold, old house we bought three years ago *now* we wouldn’t be able to. And we already paid above asking for ours.
It’s looking like a bargain now by comparison to what I’m seeing today.
Keep voting FFG for more of this shit.
Asking price is just the starting point for auction. It’s not like buying a toaster. The house is worth what someone is willing to pay for it.
Last week viewed a place for €450K at a 5.30pm viewing, got call next morning from estate agent to see what I thought and that it had also gone by to €505K overnight.
The desperation from people now has them throwing money at completely over valued properties. When apartment/house viewing over the last few months, the amount of absolute dives of apartment for €450K+ is shocking