Claw Hammer wrote: » WFH is just a fad, like "blues sky thinking" , outsourcing, "going forward", "at this point in time". It will all pass.
stayback wrote: » 2008 was completely different property prices dropped overnight because banks didn’t have the money to lend. Their was a vacuum even public and civil servants struggled to get mortgages.
The Belly wrote: » Yes but the problem is its not going to where it should go. It will keep the banks sorted and big business but small companies wont have any access. The banks will be flooded with liquidity but try and access it and rules will be tighter then before.
Zenify wrote: » Do you think it will pass because employers dont want it or the employees dont?
smurgen wrote: » Yep, pressure valves releasing in alot of areas. Loads of variables coming together to show the downward trend evolving. This is just one of them. This is Facebook trying to match twitter's offer to staff. It's an arm's race to please talent and retain them.
bubblypop wrote: » Auctionera is an estate agent
smurgen wrote: » Yep, pressure valves releasing in alot of areas. Loads of variables coming together to show the downward trend evolving. This is just one of them.https://twitter.com/davidmcw/status/1263743300374278145?s=19
Auctioneera wrote: » Ya that was a bad idea of a post - we have learned our lesson and won't do again.
Empty_Space wrote: » The desperation to come here and say all is rosey because 1 property has offer at asking is hilarious. Talk about confirmation bias.
Auctioneera wrote: » Fair point, well made. I think from now on, we'll skip posting about offers on individual properties.
accensi0n wrote: » Would you do a 5% discount for boards.ie members?
EagerBeaverton wrote: » Genuinely not being snide when I say this but the phrase "offer of the guide price" is arbitrary and doesn't suggest the property market remains stable - all it means is that you likely valued the house accurately at €225,000 in the current climate. You could have put it up for €240,000 and gotten an offer below the guide which also technically wouldn't indicate the market is dropping, it could just mean you overvalued the property. Also, from what I can tell from Google maps street view (so I could be wrong), another identical apartment to that one (ground floor, end of row) in the same development sold for €240,000 on 18th March, just 65 days ago. I have no knowledge of the condition of the other apartment and the aspect of yours is East while the other one was North-North-West so this might be a completely unfair comparison, but if the apartment you are currently selling goes for €225,000 (which of course it might not, it might go higher obviously), then that's a 6.5% decrease in value compared to a sale just 65 days ago. You do make a fair point, most here have incentives either way, at least we'd be aware of yours! I'm nobody to say anything to anyone about what they can and can't do, so this is just an opinion, but there is something about an EA posting details of a single offer on a single house that just seems a bit off the mark. I mean will you post up the next time you get a low ball figure? In fairness you did acknowledge one swallow and all, but the fact that you said your sellers aren't entertaining low ball figures suggests you're getting low ball offers but you ended up posting about the one offer at the guide price as an "encouraging sign", so are you going to be fair and post each time you get an offer below the guide price so there's data to indicate how many offers aren't matching the guide prices and are 'discouraging signs'? I'm 100% genuinely not being flippant with you and in fairness all it takes is one person willing to buy the gaf to keep prices up so all the low ball offers are also meaningless if only one person is happy to purchase.
cunnifferous wrote: » I happy enough for you to post here. It's obvious who you are and where you(s?) are coming from. More opinions the better, why not? But at the same time don't go getting upset when people call out your more provocative pronouncements.
Alrigghtythen wrote: » Why does it take so long between the solicitors getting the contracts and the buyer getting the keys in ireland?
Auctioneera wrote: » We just had an offer of the guide price on a 3 bed apartment we are selling. Our socially distanced, very careful viewings are being well attended. Vendors are not entertaining lowball offers as they aren't distressed and can always fall back on the strong rental market if buyers won't step up. Full details here:https://www.auctioneera.ie/property/61-blackrock-grove-eden-blackrock-cork-t12-h424 Thought this might be of interest to this forum. One swallow doesn't make a summer and one offer of the guide doesn't mean prices won't drop but it's an encouraging sign for us in any case. Thoughts welcome.
Auctioneera wrote: » As mentioned previously, the buyers on here have a financial incentive to talk down the market - should they be banned too. Should we vet every participant to ensure that they are financially neutral to all market outcomes? In that case, we'd need to kick off all buyers, sellers and renters. We all have financial skin in the housing game. So let's accept that and discuss each point on its merits.
Auctioneera wrote: If there is a crash, and we hope for everyone's sake there isn't (that will only happen if large scale economic hardship for us all), you will see it unfolding in real time on our website. This is not the norm. We believe in total transparency. We are hoping to be a respectful contributor to this very vibrant and educational group and hope to add some value to it. You won't always agree with us and we won't always agree with you but if we did, there would be no fun in that!
Auctioneera wrote: In terms of "Now is the time to buy because prices are falling" - rational people don't say that. If people think prices are falling, they wait for them to fall further. This is why central banks are mandated to hit 2% inflation per annum as deflation is seen as one of the worst things that can happen to an economy. It is of course self fulfilling. If I see prices falling, I wait for them to fall more before I buy so demand dries up, so prices go down further to stimulate demand and on we go like that until no one buys at all.
Auctioneera wrote: » We're a fixed fee agency - no incentive to drive prices higher and even if we wanted to, we couldn't as all latest offers published transparently on our website. As mentioned previously, the buyers on here have a financial incentive to talk down the market - should they be banned too. Should we vet every participant to ensure that they are financially neutral to all market outcomes? In that case, we'd need to kick off all buyers, sellers and renters. We all have financial skin in the housing game. So let's accept that and discuss each point on its merits.
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