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Is anything really for sale? (old thread)

molloyda · 2013-06-22 23:37:34

My wife and I were fortunate enough to buy our first house in the pre-boom years in 1999. Thankfully we're also now in a position where we're able to size up to a larger house to fit the growing family (3 Bed Semi -> 4/5 Bed Detached preference) around the north side of Dublin county. The sale of our current house has been…

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#62 18-03-2015 6:47pm
riclad

Registered Users Posts: 8,184 ✭✭✭

Join Date: November 2011

Posts: 8027

Sometime s the seller puts the house up for sale,
gets an offer , and the bank will prefer to stop the sale going thru,
Maybe they want a higher price ,
or the offer does not cover the full mortgage on the house .
And the seller can,t afford to cover the difference.
eg house is in negative equity to a certain extent .

IN some case ,s its hard to get an exact value ,on a property.
ie its easier to put it up for sale and see what offers you get .
Someone might pay 100k on a house thats worth 80k,
cos they want to live close to their mother.
I know some streets in dublin ,there might be a house for sale once every 5 years .

IF you want to live there ,you might be willing to pay abit extra over
the average value for a house in that area.

I think most people who put a house up for sale really intend to sell it,
IF they get a reasonable offer on the house .
IF the bank will allow them to sell it at the price offered .

Outside dublin ,theres a strange situation going on,
people are living in houses a half or maybe 1/3 of the mortgage value.
Some people are just paying part of the mortgage .
Some people are considering giving up their job,
moving to the uk, and declaring bankruptcy .

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