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09-01-2009, 16:39   #1
JonnyC
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Opinions on value of property required

http://www.myhome.ie/residential/sea...ty/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.
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09-01-2009, 23:19   #2
spockety
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If it's in need of complete renovation I think you can half the asking!

(seriously)
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09-01-2009, 23:37   #3
Bluetonic
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Quote:
Originally Posted by JonnyC View Post
http://www.myhome.ie/residential/sea...ty/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.
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10-01-2009, 08:42   #4
Duckjob
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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.

Last edited by Duckjob; 10-01-2009 at 08:49.
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11-01-2009, 14:48   #5
JonnyC
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Is that what everyone is doing now, offering about half the asking price and seeing what happens?
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11-01-2009, 15:19   #6
Agent J
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Who ever put that ad up is seriously having a laugh.

Half the asking price at least.
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12-01-2009, 20:22   #7
bleary
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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
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13-01-2009, 08:58   #8
mrgaa1
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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.
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13-01-2009, 10:25   #9
cjmcork
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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........
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13-01-2009, 11:31   #10
leinster93
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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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