Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

134689371

Comments

  • Registered Users Posts: 1,108 ✭✭✭TheSheriff


    beanyb wrote: »
    I've had an offer in on a house at 10k below asking for about 3 weeks. It's been on the market a month now and I am still the only offer. Doesn't seem like they have had huge interest at viewings either.

    Last week, the estate agent asked if I would go up to asking to go sale agreed as the vendor was hanging on for asking. Since I was generally willing to pay asking, I said I would but only if we go sale agreed immediately. Now the vendor has decided they actually want to hold out for more. I've withdrawn my increased offer but am raging that they asked me to do this to go sale agreed and now have changed their minds!

    Happened to us also sadly, we had an offer on a house, ~20K under asking, but very realistic for the area.

    House has been on the market for quite a while, I couldn't determine exactly when it went up (and the EA has told me different dates), but the oldest ad I found was ~9 months ago. We made our offer in the first week of Feb. The fact that the house was on the market for so long with no other offers must have indicated to both the EA and vendor it was priced wrong (You would think).

    At the start of Feb the EA told us the vendor was sick of having it on the market and was willing to accept our offer, get deposit organised etc. Needless to say we were quite happy.

    The NEXT MORNING the EA rang us, vendor has changed their mind, they wanted an extra 10k - would we be willing to pay this.

    We said no, house is now back on the market.


  • Registered Users Posts: 446 ✭✭ebayissues


    How long does agent have to wait for other party to increase bid?


  • Registered Users Posts: 13,727 ✭✭✭✭Dav010


    ebayissues wrote: »
    How long does agent have to wait for other party to increase bid?

    However long the vendor tell them to wait.


  • Registered Users Posts: 219 ✭✭Queasy Tadpole


    Looking to buy and seeing absolutely nothing. Was in the market a year ago and should have pulled the trigger. Prices are similar it just seems the stock has completely dried up. Absolutely raging at the moment.


  • Registered Users Posts: 66 ✭✭stormthecastle


    Looking to buy and seeing absolutely nothing. Was in the market a year ago and should have pulled the trigger. Prices are similar it just seems the stock has completely dried up. Absolutely raging at the moment.

    keep looking, something will come up and it will be worth the effort.


  • Advertisement
  • Registered Users Posts: 2,477 ✭✭✭Kamili


    keep looking, something will come up and it will be worth the effort.

    I keep getting told the same thing, its actually depressing at this stage. I'm coming up on a year looking. Everything is either in rag order and needing a massive amount of work, or anything thats even remotely decent sells for mad money for the area.


    Not having a go at you, but it just seems that theres absolutely nothing out there, and no hope.

    Went to a viewing last week and had the door of the house slammed in my face by the tenant. The landlord was trying to sell and she was refusing viewings.

    There is actually no winning and I am starting to feel really disillusioned.


  • Registered Users Posts: 1,474 ✭✭✭DelBoy Trotter


    Kamili wrote: »
    I keep getting told the same thing, its actually depressing at this stage. I'm coming up on a year looking. Everything is either in rag order and needing a massive amount of work, or anything thats even remotely decent sells for mad money for the area.

    We are looking for 6 months and have the same issue. We have only found two houses in that time that we wanted to bid on, both of which had bidding wars before we could even place a bid. One house was priced at €380k and sold for €481k, and the other house was put up for sale in the middle of the week, had one open viewing that Saturday and within three days, there had been six couples bidding on it and it was €40k over asking at that stage, and it was marked as sale agreed the following week.
    Any house that is half decent has a lot of bidders, and the viewings are like wrestlemania. I've noticed that since Christmas, the viewings of even the absolute kips of houses are nearly as busy the decent houses


  • Registered Users Posts: 3,287 ✭✭✭givyjoe


    We are looking for 6 months and have the same issue. We have only found two houses in that time that we wanted to bid on, both of which had bidding wars before we could even place a bid. One house was priced at €380k and sold for €481k, and the other house was put up for sale in the middle of the week, had one open viewing that Saturday and within three days, there had been six couples bidding on it and it was €40k over asking at that stage, and it was marked as sale agreed the following week.
    Any house that is half decent has a lot of bidders, and the viewings are like wrestlemania. I've noticed that since Christmas, the viewings of even the absolute kips of houses are nearly as busy the decent houses

    Viewed 5 houses on Saturday, noticed the same bar the last house which was an absolute sh!thole, although didn't look anything like that bad in the pictures. I'd ideally like Dublin, but looking like if I don't want to get involved in a bidding war on anything half decent in Dublin, i'll have to settle for the outer reaches of Kildare.


  • Registered Users Posts: 2,477 ✭✭✭Kamili


    I've noticed that since Christmas, the viewings of even the absolute kips of houses are nearly as busy the decent houses

    people are getting desperate I think.


  • Registered Users Posts: 7,442 ✭✭✭fliball123


    Kamili wrote: »
    people are getting desperate I think.

    I think a lot of people where holding off for a big drop due to Dublin prices dropping in the last 6 months last year and are probably realizing that every month you wait your paying x in rent instead of off a mortgage and the drops seen are not as much as what people are paying in rent.


  • Advertisement
  • Registered Users Posts: 291 ✭✭guyfawkes5


    Looking to buy and seeing absolutely nothing. Was in the market a year ago and should have pulled the trigger. Prices are similar it just seems the stock has completely dried up. Absolutely raging at the moment.
    Seeing the same myself.

    Kept an eye on the market the past two or three years while saving up a deposit - the quality and number of houses coming up for sale in Dublin has really decreased noticeably starting in the latter half of last year. Potentially this is sellers reacting to the reports of prices levelling off or even decreasing.

    I haven't experienced the packed viewings of poor houses others have seen though - generally the packed ones are quite decent houses and the poor ones still have just occasional people milling through. Personally I think the days of just about anything selling are over.

    If it doesn't pick up by March then I would say it's a trend, as I would say the decision to sell really comes into people's mind around January and that stock would probably only start rolling into the market around then.


  • Registered Users Posts: 291 ✭✭guyfawkes5


    Kamili wrote: »
    Went to a viewing last week and had the door of the house slammed in my face by the tenant. The landlord was trying to sell and she was refusing viewings.
    Sometimes the others at the viewing make it awkward too.

    I was an apartment viewing in Inchicore where a couple were the first to walk into the apartment along with myself, the husband/boyfriend ducks by to powerwalk into the bathroom and promptly locks the door to do a poo. After I was done looking at everywhere else in the house, cue awkward waiting outside the bathroom door for him to finish up and gingerly walk out... I checked out the tiles with held breath.


  • Registered Users Posts: 7 connollyj


    Went sale agreed in Clondalkin, deposit accepted. Place was up since about 7 months or so, offered 20k below asking which was 320k. Place needed a fair bit of work, wasn't perfect, but slim pickings and all that and I'm bleeding money with rent.

    2 Weeks later vendor has pulled out, said they can't fund their retirement on the 300k or some such upon looking for property elsewhere. Total waste of time, but what can be done.

    Had repeated experience of no call backs from estate agents in the area, don't seem interested in updating their daft adverts either, the whole experience is pretty draining. Lots of time investment, no return.


  • Registered Users Posts: 4,276 ✭✭✭beggars_bush


    You might need to change the areas you are looking in


  • Administrators Posts: 53,044 Admin ✭✭✭✭✭awec


    Thanks for all the replies. We had a chat yesterday evening and my husband is really against dropping the price any further. Anyway I have left him to think about it. The house is currently advertised at €225k for 4 bed detached (1800 sq ft).

    We have decided to go for an open viewing in a few weeks and will consider the price before we advertise for this.

    You're not really dropping the price, you're just dropping the initial asking price. Don't think of it as you committing to selling it for less.

    Drop your asking price, see if you get some viewings and then see what offers you get.

    Absolute worst case is the offers aren't what you're looking for and you can reject them, but at least you're further down the path than you are now.


  • Registered Users Posts: 1,190 ✭✭✭73trix


    We're trying to buy. New trend seems that even when houses go "sale agreed" they are still for sale on the sites and have the for sale signs up. I pointed this out to one agency to be told they stay advertised as for sale until contracts are signed! Is this not total BS? So, when these houses are " for sale", you actually don't know if they are really for sale or not! I sold my house last year. It was taken down off the sites within 2/3'days of going sale agreed.i deliberately checked.


  • Registered Users Posts: 71 ✭✭Cocobeans101


    73trix wrote: »
    We're trying to buy. New trend seems that even when houses go "sale agreed" they are still for sale on the sites and have the for sale signs up. I pointed this out to one agency to be told they stay advertised as for sale until contracts are signed! Is this not total BS? So, when these houses are " for sale", you actually don't know if they are really for sale or not! I sold my house last year. It was taken down off the sites within 2/3'days of going sale agreed.i deliberately checked.


    I sold last year and the deal fell through twice. We spent over 7 months on total time wasters. Pretending to engage in the conveyancing while still actively looking at other houses.

    When went sale agreed a third time, they claimed to be cash buyers and then dropped the old, we need a small mortgage (over 70% of asking). We didn't go sale agreed until the contracts where sold. At this point, I was worried that people might think the issue was on our side. Like a problem with the property or probate. The third buyer was real and really motivated. All done and dusted in 8 weeks. It's not something I would have done before but the issue is on both sides. i'm currently sale agreed on another house but I went sale agreed with the intention to buy. I'm not still looking at other houses.


  • Registered Users Posts: 1,108 ✭✭✭TheSheriff


    I sold last year and the deal fell through twice. We spent over 7 months on total time wasters. Pretending to engage in the conveyancing while still actively looking at other houses.

    When went sale agreed a third time, they claimed to be cash buyers and then dropped the old, we need a small mortgage (over 70% of asking). We didn't go sale agreed until the contracts where sold. At this point, I was worried that people might think the issue was on our side. Like a problem with the property or probate. The third buyer was real and really motivated. All done and dusted in 8 weeks. It's not something I would have done before but the issue is on both sides. i'm currently sale agreed on another house but I went sale agreed with the intention to buy. I'm not still looking at other houses.

    I think you can get time wasters on both sides of this...I wouldn't stop looking even if sale agreed tbh.


  • Registered Users Posts: 13,727 ✭✭✭✭Dav010


    73trix wrote: »
    We're trying to buy. New trend seems that even when houses go "sale agreed" they are still for sale on the sites and have the for sale signs up. I pointed this out to one agency to be told they stay advertised as for sale until contracts are signed! Is this not total BS? So, when these houses are " for sale", you actually don't know if they are really for sale or not! I sold my house last year. It was taken down off the sites within 2/3'days of going sale agreed.i deliberately checked.


    Sale agreed is not worth the paper it’s written on. A buyer can continue to look at other properties, and a seller can continue to accept interest from other buyers until the contract are signed. Nothing to stop you offering a non refundable payment to the vendor to take down the ad when you go sale agreed.


  • Registered Users Posts: 15 spiralout


    Looking to buy and seeing absolutely nothing. Was in the market a year ago and should have pulled the trigger. Prices are similar it just seems the stock has completely dried up. Absolutely raging at the moment.

    Speaking to an estate agent at a house viewing last week and he said they are struggle to find stock. And this is in galway. Not sure what is happening to cause this but hopefully it will pick up.


  • Advertisement
  • Registered Users Posts: 71 ✭✭Cocobeans101


    spiralout wrote: »
    Speaking to an estate agent at a house viewing last week and he said they are struggle to find stock. And this is in galway. Not sure what is happening to cause this but hopefully it will pick up.

    Same in Dublin. Some of the lowest numbers I've seen in the 2 years I've been looking


  • Registered Users Posts: 57 ✭✭brimeh


    73trix wrote: »
    We're trying to buy. New trend seems that even when houses go "sale agreed" they are still for sale on the sites and have the for sale signs up. I pointed this out to one agency to be told they stay advertised as for sale until contracts are signed! Is this not total BS? So, when these houses are " for sale", you actually don't know if they are really for sale or not! I sold my house last year. It was taken down off the sites within 2/3'days of going sale agreed.i deliberately checked.

    I am looking currently as well, around Cork, and I would say easily 40% of houses I call about are sale agreed and won’t even take my information. There’s a few agencies I’d say that advertise at least 10 houses online but don’t actually have any that aren’t sale agreed.

    Another annoying example I’ve seen is a house advertised for €199k but was told by the agent he sold the one next door last year for €250k and the owners were expecting a similar amount. Viewed that one in September and it’s still for sale now. Not sure what the thinking behind that is, as soon as I was told that I mentally checked out.

    After looking at over 50 properties in the past 4 months for both investment and living purposes, I’m not sure many agents should have reputations any different to used car salesman (and I mean by reputation only - I’ve not seen much of the ‘bad’ car salesmen!).


  • Registered Users Posts: 9,377 ✭✭✭billyhead


    Dav010 wrote: »
    Sale agreed is not worth the paper it’s written on. A buyer can continue to look at other properties, and a seller can continue to accept interest from other buyers until the contract are signed. Nothing to stop you offering a non refundable payment to the vendor to take down the ad when you go sale agreed.

    Does sold sign mean the buyer is committed to the purchase and what's the usual turnaround from when the sign goes up to occupancy?


  • Registered Users Posts: 57 ✭✭brimeh


    billyhead wrote: »
    Does sold sign mean the buyer is committed to the purchase and what's the usual turnaround from when the sign goes up to occupancy?

    I could only assume that sold means deal closed based on the way they use ‘sale agreed’.

    Family member bought a house in June 2019 and we had to remove the sold sign on their wall as the agents never came despite multiple calls. Here we are nearly 9 months later and the signs directing you towards the house with ‘sold’ now on them are still there. Sold only went on the signs about a week or two before occupancy.


  • Moderators, Business & Finance Moderators Posts: 17,566 Mod ✭✭✭✭Henry Ford III


    billyhead wrote: »
    Does sold sign mean the buyer is committed to the purchase and what's the usual turnaround from when the sign goes up to occupancy?

    Sale agreed means little. Anyone can still come in and bid. Sold means sold.

    Completion times vary.


  • Registered Users Posts: 5,882 ✭✭✭tusk


    Just put our house up for sale this week. It's part of a new estate that we just bought into 18 months ago. Unfortunately due to a bereavement, we're moving back home to be closer to family.

    We've been offered the same as what an empty new build around the corner went for, but we're hoping to get another 10k on top of that due to the bespoke kitchen, floors, attic and blinds we've installed - which I don't think is unreasonable.


  • Registered Users Posts: 71 ✭✭Cocobeans101


    tusk wrote: »
    Just put our house up for sale this week. It's part of a new estate that we just bought into 18 months ago. Unfortunately due to a bereavement, we're moving back home to be closer to family.

    We've been offered the same as what an empty new build around the corner went for, but we're hoping to get another 10k on top of that due to the bespoke kitchen, floors, attic and blinds we've installed - which I don't think is unreasonable.

    I think if you have converted the attic then it will add value but in my experience kitchens, blinds etc... don't seem to.


  • Registered Users Posts: 332 ✭✭trigger26


    Finally got confirmation contracts signed today, hopefully getting keys next week. I'd echo that sale agreed means very little, we started this process of buying last January 2019, this property was the 3rd sale agreed, first house they couldn't find the deed, second house there was an issue with septic tank that would need pp, even this house had an issue with strip of land not registered on main folio. Got to a point where we couldn't agree and vendor relisted in January 2020, luckily we got it back on track. Good luck to anyone buying out there, it will take longer in most cases than you think.


  • Registered Users Posts: 2,477 ✭✭✭Kamili


    connollyj wrote: »
    Had repeated experience of no call backs from estate agents in the area, don't seem interested in updating their daft adverts either, the whole experience is pretty draining. Lots of time investment, no return.

    I've had the same experience of agents in that area too, and enlisted friends/family to call on my behalf while I was at it and the same treatment.

    I gave up on that area.


  • Advertisement
  • Registered Users Posts: 291 ✭✭guyfawkes5


    I think if you have converted the attic then it will add value but in my experience kitchens, blinds etc... don't seem to.

    Correct - anything primarily cosmetic and taste-related tends to add relatively little value over things like rewiring or new windows.


Advertisement