Asking price vs Offers

liger

Hi,

Listening to the radio yesterday and the reports on the housing market. Prices dropped again in 3rd Q and are expected to continue to drop with things like the budget, new property tax, nama properties hitting the market etc. I was wondering are people getting offers accepted on houses for much lower than the asking price.

I've read somewhere that your opening offer should be about 72% of the asking price.

Have they made a decision about when nama will start to sell off properties?

Is now really the wrong time to buy unless you can get a lot off the asking price?

TheCityManager

We just accepted first offer on our house .. we got 96% of asking price !!

JoeyJJ

Looks like City was either competitively priced or the buyer bid too high. Either way result City.

There are lots of houses which seem to be priced for such a reduction and there are those that are actively dropping their prices from what I have seen. We will have to wait for the Price database to have a clear picture of how close houses have sold in the last year or so.

I don't think my first offer on a property would be at 96% though even if it was competitively priced.

TheCityManager

JoeyJJ wrote: »

Looks like City was either competitively priced or the buyer bid too high. Either way result City.

There are lots of houses which seem to be priced for such a reduction and there are those that are actively dropping their prices from what I have seen. We will have to wait for the Price database to have a clear picture of how close houses have sold in the last year or so.

I don't think my first offer on a property would be at 96% though even if it was competitively priced.

House was priced at 295k... nearby one was up at 315k so was priced well..

I honestly thought first offer would be about 260k...but yo and behold someone bid 285k straight off....really surprised...

Mind you contacts havent been signed as yet....

nearby house dropped to 295 from 315 after our sale agreed but still sits there - I know they previously had a 290 offer but refused....tut tut


All that being said so way I bid near asking on a property these days...Four MAD budgets to go? I'd be bidding wayyyyyyyy down low

mathie

Percentages are completely irrelevant.
If two houses on the same road with the exact same spec were priced at 100K and 1million would you think 10% off the first is better than 20% off the second?

johndaman66

TheCityManager wrote: »

I honestly thought first offer would be about 260k...but yo and behold someone bid 285k straight off....really surprised...

Mind you contacts havent been signed as yet....

You'd nearly want to be hoping that the buyer is not a boards.ie user who looks at the accommodation and propetry forum from time to time! They might deduce they are the buyer.

D3PO

TheCityManager wrote: »

We just accepted first offer on our house .. we got 96% of asking price !!

you my friend are a BIG BULLSH*TTER

http://www.boards.ie/vbulletin/showthread.php?t=2055941780

You have been caught out big style

TheCityManager wrote: »

I sold my last in Oct 2006..just before crash and have been waiting ever since...Im a cash buyer ..no mortgage required ..

or how about this post about 2 months ago. So where has this magic house that you sold come from ??

http://www.boards.ie/vbulletin/showthread.php?p=66415588#post66415588

TheCityManager wrote: »

Just been watching prices in general in Dublin (sold me last house 3.5 years ago and have been sitting happily on the fence ever since )



A few houses that have gone up in last few weeks have already been discounted....



Its happy dayz..going to view a house this eve,,€350k..started out I believe at over 600k...might offer 250k or maybe I'll wait longer.....................

D3PO

ah yes and then of course the cherry on top . Proof your renting

TheCityManager wrote: »

I rented a 3 bed semi on a 6 month lease..3 months gone.....It's FREEZIN...have heat up FULL all day and still need coat and hat on in house or sit on top of radiators...my daughter refuses to stay and I had to move out over xmas as I just couldn't stick the cold..girlfriend kinda doesnt like staying either so I seem to spend most of my time at hers or friends....

What can I do ?

Can I get rent reduced due to excess gas bills and fact I cant really stay here ????

Damie

well that sure shut him up, no comeback or nuttin....meh:p

Treehouse72

Haha

mikemac

Nice investigation work there :cool:

Kenevil

Ha ha ha ha pmsl good work D3PO

D3PO

feelingstressed wrote: »

Nice investigation work there :cool:

I didnt even need to investigate i remember reading he was renting. tooting his horn that he sold in 06 (if you believe it) implying near or at the peak so i searched till i found the evidence that he is full of it.

Damie

Not a post out of him since....I'd say he's created another username and will be back with vengeance

Jarren

there is no coming back from that:pac:

Qwerty27

Excellent work detective!

D3PO

Damie wrote: »

Not a post out of him since....I'd say he's created another username and will be back with vengeance

hes probably on the gambling forum aftertiming on 100/1 shots :p

muletide

My new favourite thread - nice work D3PO nice......

Come on city manager lets hear from you

testicle

Amazing the lows Estate Agents will stoop to keep up the apparation!

Damie

Re: thecitymanager uncovering:D

Well he's back posting anyway, not a word in defense?

muletide

Come back citymanager. It's no fun here without you

TheCityManager

LOL What have I missed :rolleyes:

Yes all I have said in previous posts is true:P....I've been a bit of a rambler last few years..lived here with gfs, rented there on my own, put a deposit on that house , withdrew, rented again..... etc etc ...all since I sold house in Oct 2006.

Have been living with gf since earlier this year...was intending buying house and when she was ready (complicated) she would sell up and move in and happy days...

Plans changed and she has sold her house (well sale agreed on first offer) and we are off renting for a year (at least)
When properties have reached as near rock bottom as possible we will buy together..

So sorry no mystery....;)

turbobaby

I am trying to sell my house at the moment and have changed EAs three times. Two of these failed to tell me about bids received on my house. Horrid.

D3PO

TheCityManager wrote: »

LOL What have I missed :rolleyes:

Yes all I have said in previous posts is true:P....I've been a bit of a rambler last few years..lived here with gfs, rented there on my own, put a deposit on that house , withdrew, rented again..... etc etc ...all since I sold house in Oct 2006.

Have been living with gf since earlier this year...was intending buying house and when she was ready (complicated) she would sell up and move in and happy days...

Plans changed and she has sold her house (well sale agreed on first offer) and we are off renting for a year (at least)
When properties have reached as near rock bottom as possible we will buy together..

So sorry no mystery....;)

BULLSH*T cant beleive it took you so long to come up with that excuse :rolleyes:

Let me refresh your memory you said WE sold OUR house. Not my GF sold her house.

Really after 2 weeks you think you would have had long enough to try and cover your lies a bit better

TheCityManager

D3PO wrote: »

BULLSH*T cant beleive it took you so long to come up with that excuse :rolleyes:

Let me refresh your memory you said WE sold OUR house. Not my GF sold her house.

Really after 2 weeks you think you would have had long enough to try and cover your lies a bit better

It feels like WE cos I've been imersed with her in it all ..........so although it's not MINE it feels liek it's WE that sold ...hopefully...and if you dont understand that well then there is little else I can do

and we (ok She ) are waiting fingers crossed that buyers will sign contracts tomorrow...

and as for the two weeks thing how would I have known ye were all getting excited in this thread except by looking in here..........:D

Anyhow believe it or not there you are

Damie

nah, don't believe that tbh.....could have come up with some lame excuse more interesting than that in 2 weeks....
In fairness we kept this post on the 1st page for weeks in case you were missing your merking:D

dissappointed with reply:(

TheCityManager

losers :P


:rolleyes:

Damie

TheCityManager wrote: »

I'm a loser :P


:rolleyes:

Fixed

liger

turbobaby wrote: »

I am trying to sell my house at the moment and have changed EAs three times. Two of these failed to tell me about bids received on my house. Horrid.

How did you find out they hadnt told you about bids?

I went to see a house couple of weeks back and EA told me they had a good offer of 210k on asking price of 230k but its still listed for sale. EA also said they turned down 240k couple of months back when it was listed 249k. Dont believe that for a minute.

matsy1

Very funny. City Manager, can ya just admit it, Walter Mitty.

Anyway, I viewed a show house in Heathfield, Cappagh the other day. The house was priced at around €250k I think, when I asked the agent what are they 'really' going for he laughed and said he would love to tell me but cant, and that I should just make an offer and see what happens... I wonder how low they would go for? I didn't put in an offer as I haven't even got mortgage clearance yet, I'm just looking around researching for buying next year, and was seeing if they were doing rent to buy, which they aren't.

gurramok

I'd advise to move onto another estate matsy1, I would never live across the road from a former dump.(thats behind the Cappagh Hospital) nevermind other issues down that way.

If you see a rake of unsold houses in an estate, they are unsold for a multitude of reasons where one of those reasons would be the price.

papsita

Could we maybe get back to the original post please super sleuths?

matsy1

gurramok wrote: »

I'd advise to move onto another estate matsy1, I would never live across the road from a former dump.(thats behind the Cappagh Hospital) nevermind other issues down that way.

If you see a rake of unsold houses in an estate, they are unsold for a multitude of reasons where one of those reasons would be the price.

Some place to have a hospital!:eek: Ye didn't like the place anyway so it wont be happening, cheers gurramok

TheCityManager

Damie wrote: »

Fixed

matsy1 wrote: »

Very funny. City Manager, can ya just admit it, Walter Mitty.

Yes it now appears that I am the loser and a walter mitty...........

Purchasers withdrew on Friday the day of signing contracts...seems they are 'worried about budget'...........would they not have thought about that two months ago rather than string us along for so long

We may have missed out on the few purchasers that have been floating about....Doom and Gloom

Damie

Even in your dream world that must hurt...

TheCityManager

Damie wrote: »

Even in your dream world that must hurt...

thanks for the kind words........................

Scambuster

TheCityManager wrote: »

thanks for the kind words........................

Lol, gloating about your 98% offer and then it's back down to earth.