Cork Property Thread

sw59td

If a house is sale agreed, can you make a higher counter offer?

Faith

You can. The estate agent is obliged to pass on all offers to the sellers. It could be quite a shîtty thing to do though if the current buyers have invested money in the sale and the seller pulls out to go with your offer.

cantalach

https://www.boards.ie/discussion/comment/119281627#Comment_119281627

Agreed. Ignoring the potential cost, there’s a couple or a family who have been told “you’ve got the house” and wiping out that relief and joy is not something I could do with a clear conscience.

Deub

https://www.boards.ie/discussion/comment/119284289#Comment_119284289

Like people bidding on 2-3 houses at the same time, raising the price for everyone

iColdFusion

https://www.boards.ie/discussion/comment/119281508#Comment_119281508

It would be best to just to call the estate agent and make it clear you will match the existing offer if anything happens causing the the current winners to pull out, gazumping someone who is sale agreed is pretty crappy and you wouldn't want it to happen to you plus could make life for you difficult if it turns out they have friends or family in that estate/area, everyone will know what you did and it ain't gonna make you friends.

You may say you don't care about that but it could easily result in your children not getting into the local creche or school, not being accepted by the local GP, etc, people think they have a right to these things but if they have one place left why would they give it to you, shur didn't you steal a house from Mary that they went to school with?

sw59td

https://www.boards.ie/discussion/comment/119285146#Comment_119285146

just hypothetical, i was trying to figure out how investment funds are getting away with this

iColdFusion

https://www.boards.ie/discussion/comment/119285521#Comment_119285521

Well its down to the way house sales work in Ireland, until the contracts are fully signed by both parties (which can take 3 months) either side can pull out at any time with no legal or financial repercussions, technically its meant to be good for buyers if for instance you have gone sale agreed on a house that turns out to have major structural issues or the like so you don't have to go through with the sale or at least have some bargaining power with the seller.

the beer revolu

While I don't disagree with the sentiment regarding gazumping, it's ridiculous that the system is such that we are relying on buyers (who, for the most part are not in the industry) to behave decently, rather than a professional code of conduct around estate agents or a robust, fair buying system.

Seems like we are pointing the finger at the wrong people, to me.

sw59td

Is Lia Fáil gonna have a second phase?

manniot2

Does anyone have any info on the next oflynn development in Crosshaven. I know planning was approved and work has commenced. Looks like mainly 3 bed semis per the site plan. Wonder what they will be priced at?

Mav11

https://www.boards.ie/discussion/comment/119440504#Comment_119440504

Not sure how solid this is but I heard work has stopped, due to the way costs are going.

manniot2

https://www.boards.ie/discussion/comment/119479051#Comment_119479051

Thanks. Not a good sign if developments like this are being canned.

https://www.boards.ie/discussion/comment/119478933#Comment_119478933

The more properties that come onto the market, the more likely the price will have to come down. True some of the more recent houses are in very poor condition asking ridiculous prices.... time will tell.

danoriordan1402

Quirky one here for half a million, you would need to drop another half into it at a minimum - deffo not wheelchair friendly

https://www.daft.ie/for-sale/detached-house-laurels-53-sundays-well-road-sundays-well-co-cork/3909031

SarahPL

House for sale in Halldene gardens for €425k, seems very cheap compared to other properties for sale around Bishopstown. Although it’s finished really well inside and has massive garden. Wonder what the catch is? Subsidence issues maybe?

rob316

https://www.boards.ie/discussion/comment/119483226#Comment_119483226

Yep you'll need another 50k to underpin it. An auctioneer I know said anything up to 400k isn't dropping in price, anything over is a bit of a slow sell as 400k is generally the ceiling of 1st time buyers.

Icantthinkof1

I know of some people who live in that estate and they don’t have any issues with subsidence/ needed underpinning.

The estate was built in the 60’s? so I’m sure the houses affected by subsidence would be evident by now which would be flagged by the engineers in their report when purchasing anyways

Seems to be luck of the draw when it comes to issues with subsidence especially in Cork

More than likely the asking price of €425k is to drum up interest

Hibernicis

https://www.boards.ie/discussion/comment/118957790#Comment_118957790

You'll remember this beauty which hit the market in march/April with an asking price of €750k ? Poor layout, poor interior finish, very poor site, down a laneway, jammed in between two other houses front and back and surrounded on all four sides, etc. It dropped to €650k in June. It's now gone sale agreed. Will be very interesting to see what it actually sold for. Absolutely nuts.

notAMember

I think I vaguely remember that boreenmanna house being built , back in the 90s.

I agree the layout is very strange in some places, a lot of concrete and tarmac in the garden, and the decor needs an update. But it is walking/cycling distance to town, near schools, on a bus route and it's a 2000sqft house. I don't mind it being tucked away in a laneway, the house out in front is very exposed to the busy road which gives noise, diesel dust, risky for kids. With a better interior and some plant life and trees in the garden for some privacy from the neighbours, it could be nice.

leahyl

Anyone know what Hillcrest Close is like? This house is in very good condition and not too bad price, considering most half way decent 3 bed semis now are at the 300k mark:

https://www.daft.ie/for-sale/semi-detached-house-1-hillcrest-close-blarney-road-cork-knocknaheeny-co-cork/4030562

notAMember

https://www.boards.ie/discussion/comment/119494037#Comment_119494037

Massive roofed shed with double glazing “built for storage “. Someone doesn’t have planning permission for that maybe?

leahyl

https://www.boards.ie/discussion/comment/119496134#Comment_119496134

Planning permission for a small shed at the back? Not sure what you mean - wouldn’t call it massive, it’s long but not huge.

rob316

Newtown heights the affordable housing scheme in lotabeg is launching on Tuesday at noon. Demand is going to be crazy for the 100 odd houses up for grabs. 3 beds starting at 243k.

notAMember

If it’s a bedroom or living space (rather than just storage) , then it needs planning I think. Attic conversions get caught with this sometimes when they go up for sale as well.

https://www.boards.ie/discussion/comment/119496671#Comment_119496671

markodaly

https://www.boards.ie/discussion/comment/118963786#Comment_118963786

This house in Clonlara apparently sold for 695 according to PPR.

Insane price for that type of house. People with more money than sense.

They are going to see no growth on that price for a decade if not more.

SarahPL

Does anyone have any experiences with houses in Halldene, Bishopstown that back onto the link? We are looking at one at the moment, wondering how people find noise levels? The garden seemed quite loud but not sure if it would bother me or not. Wondering how loud it can get inside the house

whatever76

this went for 365k - 70k over asking so Market still hot but then location is good for this one !

46 Friars Road, Turners Cross, Turners Cross, Co. Cork is for sale on Daft.ie

this one then went for 330k few roads down - 9 Congress Road,Turners Cross,Cork,T12N99E - Sherry FitzGerald Cork - 4575670 - MyHome.ie Residential

Not sure what asking was but I pass there alot and remember it was Sale agreed within weeks it went up for sale.

Cork981

delete

donnaille

https://www.boards.ie/discussion/comment/119514918#Comment_119514918

It's strange as it is significantly more than previous houses have gone for and doesn't seem to be the show house. The auctioneer wasn't very forthcoming on details when I enquired to see if it is the show house, but the ad seems to confirm that it isn't.

markodaly

https://www.boards.ie/discussion/comment/119520105#Comment_119520105

455k in Dec 2019

695 in August 2022

Regardless of the increases since Covid, this is stupid. These are the people who will be in negative equity in 2 years' time for sure.

I wouldn't be surprised if there were some phantom bids going on here to push the price up. To get that high it would require at least two bidders who really wanted that house.