Is POA (price on application) driving anyone else mad?

galwaybabe

I've just spent the last hour looking through Daft and Irish Property News at houses for sale. I can't get over how many properties have POA instead of a price. It is very frustrating. I tend to glance over properties that have this on them because i can't be arsed going through the email rigmorole and I'm sure I'm not alone.
Why are there so many properties with this? Is it an attempt by ill-advising agents to cover up major drops? I don't think it is doing the sellers any favours. Opinions anyone?

Caoimhín

Is it an attempt by ill-advising agents to cover up major drops?

I think you've hit the nail on the head.

galwaybabe

caoibhin wrote: »

I think you've hit the nail on the head.

It really isn't doing the sellers any favours though is it

Caoimhín

No, but most sellers will follow the advice of the agents even though the estate agents only have their own interest in mind.

jdivision

They probably want to say "but look how many enquiries we're getting" which is a pile of crap really

Jo King

It tends to happen more in country areas than in the cities. It is very rare in Dublin,almost universal in the West. I wouldn't think the state of the market is the dominant reason for it. In country areas the market always tends to be slower and it is more difficult to value accurately as there are fewer comparators.
The onus shifts to the purchaser to indicate a bid at the outset. This means local knowledge is vital for the purchaser.

johnnyskeleton

Another reason, not just in property, is that it creates a veneer of exclusivity.

Top class cars (Aston Martin, Ferrari etc) will very rarely advertise the price, on the basis that "if price is an issue, you can't afford it" or some other marketing ploy.

So while a massive site or a period home in the embassy belt might genuinely be an exclusive property, if you see a 3 bed semi in a new development 10k from the M50, the real rule is POA means "you don't want this turkey".

Supercell

POA = I ignore, not like there's a shortage of choice out there.
Waste of money advertising POA unless it really is a trophy place where price is no object..

confuzed

it makes sense for some business opportunity or some exclusive site but complete waste of money and time for routine home/ residential property.
No one bothers to call them or drop an email.
Another futile attempt of EA.

johnnyskeleton

I've been looking on daft at properties in Longford (to while away the wee hours) and if you look at places like Keenagh, Ballymahon and Lanesborough, where there has been massive development in what were previously small towns, at least half of the houses are POA.

And these are all box cut 3/4 bed houses of the thoughtless commuterbelt development kind.

I wonder who is going to buy up the 130 properties for sale in Ballymahon (only a 2 hour commute to Dublin)?

BigglesMcGee

Just ignore them.
I couldnt be arsed asking.
If i dont see the price when im looking im not interested.
Same for cars etc