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Making an offer on a property

  • 21-03-2012 7:43pm
    #1
    sinnig
    Closed Accounts Posts: 1 ✭


    How much do you take off the asking price of a house if your making an offer in this current market. Has anyone any idea.....roughly even.


Comments

  • #2
    Diddler1977
    Registered Users, Registered Users 2 Posts: 3,765 ✭✭✭Diddler1977


    I'd start with 50% off and then go from there.


  • #3
    Sala
    Registered Users, Registered Users 2 Posts: 1,494 ✭✭✭Sala


    It varies a lot I have heard. I can't really help you, but what I do know from my own experience from looking for a house is:
    1) Property 1 asking 295k had an offer of 93% of asking. It's sale agreed now so it went close to the asking.
    2) Property 2 has an offer 70k below or 79% of asking.

    Check out the property pin. Maybe put up a WIW (What's it worth?) thread and post the specific property you are interested in and and see. You'll get conflicting replies as to the value, but very often people have good insights on the area that you may not, some may have seen the house and have ideas about it etc


  • #4
    pawnacide
    Closed Accounts Posts: 228 ✭✭pawnacide


    Impossible to say .. too many questions.

    Is it a bank sale ?
    Is it a new home ?
    How long is it at the current asking price ?

    I know people are often reluctant to share house info in the forum but post a link or PM if you like .. would make it easier to advise.

    Genearlly speaking the question you need to answer is how much is it worth to you .. set an 'informed' price in your head, never ever go above it and in a bidding situation control the bids in such a way that you are the one who gets to offer your max price.


  • #5
    P. Breathnach
    Registered Users, Registered Users 2 Posts: 12,089 ✭✭✭✭P. Breathnach


    It depends on how realistic the asking price is. Spend an hour on daft or myhome, and you will be able to find similar properties with very different asking prices.


  • #6
    gomamochi1
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭gomamochi1


    sinnig wrote: »
    How much do you take off the asking price of a house if your making an offer in this current market. Has anyone any idea.....roughly even.

    30% below asking, don't budge, reduce offer by 20k if they mess you about and waste time getting deeds etc. we did and don't get emotionally involved as that will screw u! Rather have the extra few quid to put kids through school and fee paying college!


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  • #7
    ted1
    Registered Users, Registered Users 2 Posts: 23,903 ✭✭✭✭ted1


    Go in low like 60% its only worth what people are offering. Play hard ball.


  • #8
    Mr. Loverman
    Closed Accounts Posts: 4,001 ✭✭✭Mr. Loverman


    This is an impossible question to answer without giving us a link to the property to see how overvalued it is.


  • #9
    P. Breathnach
    Registered Users, Registered Users 2 Posts: 12,089 ✭✭✭✭P. Breathnach


    Mr. Loverman wrote: »
    This is an impossible question to answer without giving us a link to the property to see how overvalued it is.
    Or even if it is overvalued!


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