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Do REA's trickle out properties on purpose?

  • 08-10-2020 10:37am
    #1
    Xios
    Registered Users, Registered Users 2 Posts: 2,073 ✭✭✭


    Hey Guys,

    So i've been looking at the housing market for about a year now. Should be ready to buy new in January. I've been ringing agents about houses out in Naas. It seems that they always only have a few houses available. I've driven around the new estates and there's a lot more empty houses than they've listed.

    So either people are still sorting out finance before moving in. Or the agents are only letting a few out at a time to prey on FOMO. Or am I just reading into it too much?

    If this is by design, what other sly tactics do they use that I should be aware of. Feeling kinda powerless as a buyer at the moment, so might as well try get some advantage if I can.


Comments

  • #2
    Mitzy
    Registered Users, Registered Users 2 Posts: 239 ✭✭Mitzy


    I can't see how an estate agent can only release properties a few at a time onto the housing market.
    If someone want's to put a property up for sale then they will put it on the market when the seller requests it.
    I am assuming you are looking at second hand properties?

    With regard to empty houses, there can be numerous reasons why they are vacant. People may be working remotely due to Covid.
    Also landlords might be keeping rental houses vacant at the moment due to the ever changing rental rules so are waiting to see what the market is like in 6 months time before they commit to sell.


  • #3
    Xios
    Registered Users, Registered Users 2 Posts: 2,073 ✭✭✭Xios


    Hi Mitzy,

    I'm looking at new homes. When spoke to the agents, they would say "we'll have more homes coming on stream later, once the developers release them", just sounded weird to me.


  • #4
    un5byh7sqpd2x0
    Closed Accounts Posts: 1,862 ✭✭✭un5byh7sqpd2x0


    New builds can appear completed from the outside - especially from a drive by - for months before anyone moves in.


  • #5
    scwazrh
    Registered Users, Registered Users 2 Posts: 2,797 ✭✭✭scwazrh


    Xios wrote: »
    Hi Mitzy,

    I'm looking at new homes. When spoke to the agents, they would say "we'll have more homes coming on stream later, once the developers release them", just sounded weird to me.

    It wouldn’t make sense for a developer to release all their houses at the same time .There is usually a wait list that the agent will add you to and then as the houses are released the agent notifies you


  • #6
    L1011
    Registered Users, Registered Users 2 Posts: 71,114 ✭✭✭✭L1011


    Developers release in phases, mainly for financing and construction purposes. EAs are not responsible for that.


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