Major Price Reduction!

Dannyboy83

Anyone noticed this new trend on Daft?

People unable to sell crappy properties, but still asking for at least twice their value, LOL, posting in big letters on the photo - MAJOR PRICE REDUCTION

http://www.daft.ie/searchsale.daft?id=513900&search=1
http://www.daft.ie/searchsale.daft?id=513496&search=1
http://www.daft.ie/searchsale.daft?id=514124&search=1

Who would seriously be daft enough to pay that kind of money for those properties?
How is some pathetic text gonna change it?

If you want to sell it, ask a realistic price, not a twice overvalued price by today standards

gandalf

TBH I seriously doubt that any property is going at asking price at the moment.

gurramok

Its not a new trend Dannyboy83, its been happening since '07 at least. Those prices will eventually fall to a point where the buyer will see value. If only sellers copped onto that!

average_runner

Will only fall to that value if the seller is willing to take that much of a loss! A growing trend is people putting house on the market, if they dont get the minimum price they have in their head they sit put.

This will cause prices to stablise and will cause either:

a) market goes stale and little or no selling

b) People as buyers or renters will realise they have to get on with their lives and buy at that price. People's life cant stay still forever as eventually they want families and you only have a limited time for that.



PS I aint a seller or buyer

ei.sdraob

jesus, those 3 houses must break some sort of law

how can people actually live in these?

Zamboni

ei.sdraob wrote: »

jesus, those 3 houses must break some sort of law

how can people actually live in these?

Live in them? Hell no. But they're ideal for getting on the property ladder.

ei.sdraob

Zamboni wrote: »

Live in them? Hell no. But they're ideal for getting on the property ladder.

one of them is 200K :eek:

for that money one can build and furnish yourself a nice ~200sq meter 4/5 bed detached house

who ever is selling these is crazy, and whoever buys these for even half that price is even crazier

bladespin

average_runner wrote: »

Will only fall to that value if the seller is willing to take that much of a loss! A growing trend is people putting house on the market, if they dont get the minimum price they have in their head they sit put.

This will cause prices to stablise and will cause either:

a) market goes stale and little or no selling

b) People as buyers or renters will realise they have to get on with their lives and buy at that price. People's life cant stay still forever as eventually they want families and you only have a limited time for that.

PS I aint a seller or buyer

The market will right itself, if an owner refuses to sell at market value or a realistic price they should hold on to their property, problem is can they afford that luxury??? Most can't, there's usually a reason to sell and a time constraint that accompanies it.

shoegirl

Dannyboy83 wrote: »

Anyone noticed this new trend on Daft?

People unable to sell crappy properties, but still asking for at least twice their value, LOL, posting in big letters on the photo - MAJOR PRICE REDUCTION

http://www.daft.ie/searchsale.daft?id=513900&search=1
http://www.daft.ie/searchsale.daft?id=513496&search=1
http://www.daft.ie/searchsale.daft?id=514124&search=1

Who would seriously be daft enough to pay that kind of money for those properties?
How is some pathetic text gonna change it?

If you want to sell it, ask a realistic price, not a twice overvalued price by today standards

The 3rd one is actually quite nice if quaint and very overpriced for the area.
The one in Gurran is a realistic price - check out rentals for that area and you simply won't get anything to rent in Gurran for the mortgage you'd pay even at that price, never mind something liveable in.

By the way most of these are luxurious compared to the normal standard of rented accomodation around closeby rental zones - Summerhill, Wellington Rd, Blarney St, Shandon - the very epitomé of substandard property where its still the norm to find 1 bedrooms priced between 600-700 a month.

To be honest those places are not bad, they are all walking distance from the city centre and in areas where there is plentiful parking. The prices for the Lough and Gurran is way too high but they will eventually get realistic.

To give you some perspective I recall my ex partner looking at houses on the northside in 06 when looking to buy and a reasonable 3 bed was at cheapest around 240k - thats already a hell of a drop.

shoegirl

ei.sdraob wrote: »

jesus, those 3 houses must break some sort of law

how can people actually live in these?

Check out this: www.daft.ie/2862621
(I'm fairly sure I looked at this a few years ago - tiny wasn't the word for it and you could hear the neighbours break wind practically).

murphaph

Zamboni wrote: »

Live in them? Hell no. But they're ideal for getting on the property ladder.

Stark

shoegirl wrote: »

Check out this: www.daft.ie/2862621
(I'm fairly sure I looked at this a few years ago - tiny wasn't the word for it and you could hear the neighbours break wind practically).

Someone I know used to live in there or a similar apartment in the area I think. He said he had a window that doubled as the front door?

nesf

Not that long ago the Lough Road one would have been 300K+. Which is fecking scary.

Chris_5339762

That kind of house can be bought and let to about 7 students (seriously 7 would probably live in it). Dont provide them with anything decent because they'll just trash it anyway.

Stark

Ah the unscrupulous landlord attitude that has had so many students living in filthy deathtraps that years. Thank goodness they brought some decent quality accommodation like the Victoria Cross apartments on stream.

rightwingdub

Dannyboy83 wrote: »

Anyone noticed this new trend on Daft?

People unable to sell crappy properties, but still asking for at least twice their value, LOL, posting in big letters on the photo - MAJOR PRICE REDUCTION

http://www.daft.ie/searchsale.daft?id=513900&search=1
http://www.daft.ie/searchsale.daft?id=513496&search=1
http://www.daft.ie/searchsale.daft?id=514124&search=1

Who would seriously be daft enough to pay that kind of money for those properties?
How is some pathetic text gonna change it?

If you want to sell it, ask a realistic price, not a twice overvalued price by today standards

This is Ireland, there are plenty of gullible people who are still willing to pay over the odds for a house.:mad:

doc_17

shoegirl wrote: »

Check out this: www.daft.ie/2862621
(I'm fairly sure I looked at this a few years ago - tiny wasn't the word for it and you could hear the neighbours break wind practically).

When there's 3 pictures of the microwave you know you're in bother!