Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie 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 hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Strategy for bidding below asking price

13»

Comments

  • Registered Users, Registered Users 2 Posts: 6,967 ✭✭✭Claw Hammer


    All goods are sold on the basis of buyer and seller trying to psyche each other out. Hoses are no different.



  • Registered Users, Registered Users 2 Posts: 1,737 ✭✭✭pinksoir


    Ah I know. But it just strikes me as a waste of time. For example, I have a budget of 500k and see a house listed at 480k. I view the house, like it and decide to ring up with an offer. I offer the asking price. Then the estate agent says, "well actually the sellers want 540k for it". My budget won't ever be able to stretch to that so I'm never going to offer close to it so walk away. It wastes my time and the agent's time answering calls and having to tell potential buyers that the 'real' asking price is different/much higher to the listed price.

    I'm sure during silly season over the last couple of years it worked by getting desperate people invested in the idea of the house and then springing the real price on them. But when the house has been sitting there for months unsold, it seems a bit silly. Especially when the real asking is entirely unrealistic in the current climate. I'm sure there's an element of " Mary down the road got xxx for her house so we want that" without taking into account the varying conditions of houses and costs of renovation etc.

    I mean, generally when you're selling something you set the price higher than you expect to get, with the expectation that you'll negotiate down to a price where both parties come out feeling like they won.

    Honestly, I get why it happens but it doesn't any make it less annoying as a buyer! It's more like a POA than a genuine listing.

    But anyway, it all worked out for the OP, so happy days!



  • Registered Users, Registered Users 2 Posts: 1,459 ✭✭✭herbalplants


    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭JohnnyChimpo


    maybe, it depends, I bought my house 2.5 years ago for 10% under the asking.



  • Registered Users, Registered Users 2 Posts: 6,967 ✭✭✭Claw Hammer



    You should be able to work out yourself what the house is worth before calling the agent. If it looks too good to be true, it probably is. The object is to obtain the maximum possible price. If it involves a few disgruntled buyers, so be it. It i9s better than selling below the maximum from the point of view of the agent and the owner.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,737 ✭✭✭pinksoir




Advertisement