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Opinions on value of property required

Comments

  • #2
    spockety
    Moderators, Education Moderators Posts: 5,425 Mod ✭✭✭✭spockety


    If it's in need of complete renovation I think you can half the asking!

    (seriously)


  • #3
    Bluetonic
    Registered Users Posts: 7,588 ✭✭✭Bluetonic


    JonnyC wrote: »
    http://www.myhome.ie/residential/search/brochure/38-st-anthonys-glasheen-cork-city/NIWIF385117

    In the currrent financial climate how much would this property be worth assuming the house is in need of a total renovation. Looking for 250K still seems steep. IF interested what would be a realistic offer to put in? The location seems good as it is close to city and UCC.
    Probably 90k to 100k.


  • #4
    Duckjob
    Registered Users Posts: 2,856 ✭✭✭Duckjob


    That ad is just recently (in the last day or two) gone up on Daft.ie.

    It has that "Price on application" rubbish on it there, which normally suggests to me that the buyer expects to get a significantly unrealistic price within our current climate.

    Personally, I'd throw in an offer of 150K max and leave it at that. If it's only newly on the market, then likely they'll reject it out of hand, so leave them to it. If they come back looking to negotiate in 3-6 mths time, tell them that offer is no longer available, and give them a new lower one with a time limit.

    Edit: 1 day according to PropertyBee. Going by Daft itself, the ad is at least 50 days old.


  • #5
    JonnyC
    Closed Accounts Posts: 87 ✭✭JonnyC


    Is that what everyone is doing now, offering about half the asking price and seeing what happens?


  • #6
    Agent J
    Registered Users Posts: 1,909 ✭✭✭Agent J


    Who ever put that ad up is seriously having a laugh.

    Half the asking price at least.


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  • #7
    bleary
    Registered Users Posts: 495 ✭✭bleary


    That house appeared in the examiner a few months ago -have the feeling it had gone sale agreed and fell through its been on a long time now


  • #8
    mrgaa1
    Closed Accounts Posts: 759 ✭✭✭mrgaa1


    are there any other houses similar to this on the market near to it - if so find out what they are on the market for and then deduct 30-40% to allow for the renovation.


  • #9
    cjmcork
    Registered Users Posts: 2,354 ✭✭✭cjmcork


    in the location it is - if you ploughed 100k into and in the right market conditions, you'd sell for 400-500k - it's 10 minutes from town, has UCC, CUH, CIT, all the industrial estates, the south link all really really close........a great investment if you have the skills to do it up........


  • #10
    leinster93
    Registered Users Posts: 306 ✭✭leinster93


    Offer 150K & walk away. Tell the agent to give you a call but stick to the 150K. That property was on daft last Nov and they haven't dropped the price and may have been for even longer. The ball is in your court...
    If there was a sale agreed before and it fell through it may have been after the house was surveyed... If the house needs reroofing may cost a few quid!


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