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Offer price for houses

  • 13-01-2010 9:27pm
    #1
    cflood
    Closed Accounts Posts: 1 ✭


    Hi despite all the reports saying that property prices are down by 30-50% the prices listed in estate agents dont seem to reflect this.
    I am looking at buying ahouse in south Dublin. How much below the asking ask price should I offer.
    If asking price is €450k does anyone know how much a house of this price is actually selling for?
    Thanks


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Current asking prices are grossly overstated.


  • #3
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    30-50% is peak prices, how much would the €450k house have sold for in 2006.


  • #4
    carpediem
    Registered Users, Registered Users 2 Posts: 70 ✭✭carpediem


    cflood wrote: »
    Hi despite all the reports saying that property prices are down by 30-50% the prices listed in estate agents dont seem to reflect this.
    I am looking at buying ahouse in south Dublin. How much below the asking ask price should I offer.
    If asking price is €450k does anyone know how much a house of this price is actually selling for?
    Thanks

    Have heard from several different sources including an estate agent that 20% below the asking price is generally an acceptable offer in this buyer's market.


  • #5
    mmalaka
    Registered Users, Registered Users 2 Posts: 792 ✭✭✭mmalaka


    carpediem wrote: »
    Have heard from several different sources including an estate agent that 20% below the asking price is generally an acceptable offer in this buyer's market.

    I tried this but always found that other people willing to offer more...I was interested in a house.the asking price was 270k I offered 230k...the agent told me that he got an offer of 250k...


  • #6
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    mmalaka wrote: »
    I tried this but always found that other people willing to offer more...I was interested in a house.the asking price was 270k I offered 230k...the agent told me that he got an offer of 250k...

    If this is always happening i'd say its because the EA know you believe him or her. There is no other offer, just offer what you think its worth, if its rejected move onto the next house.


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  • #7
    mmalaka
    Registered Users, Registered Users 2 Posts: 792 ✭✭✭mmalaka


    Senna wrote: »
    If this is always happening i'd say its because the EA know you believe him or her. There is no other offer, just offer what you think its worth, if its rejected move onto the next house.

    it happened with different agents....

    yea I am trying not to go into bids war so I move into the next house. still it seems a lot of people is interested in buying last weekend end the couple of houses I viewed in Lucan were crowded with other viewers..


  • #8
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    What will it rent for? It's a good guideline as to a price TBH.


  • #9
    mmalaka
    Registered Users, Registered Users 2 Posts: 792 ✭✭✭mmalaka


    stepbar wrote: »
    What will it rent for? It's a good guideline as to a price TBH.

    I think the avg rent now in Lucan for 3 beds is about 1000


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