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

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    #2102
    guyfawkes5
    Registered Users Posts: 291 ✭✭guyfawkes5


    Deleted User wrote: »
    Can you ask the EA what figure the sellers are holding out for? If you're 4% under asking I can't imagine the gap is huge between what you're offering and the current asking price - it's up to you if the house is worth the extra 4% (assuming the asking price is a price the beneficiaries will accept...which is why asking the EA can help).
    This would hit me as good advice, as if the house has been up for a while the EA is probably as eager as anyone to just close the process out.


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    #2103
    Canyon86
    Registered Users Posts: 1,223 ✭✭✭Canyon86


    I had a second offer rejected today on a house,

    I offered 15 under the asking,

    In two minds to go up further, :mad:


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    #2104
    Queenio
    Registered Users Posts: 53 ✭✭Queenio


    [Deleted User] wrote: »
    Can you ask the EA what figure the sellers are holding out for? If you're 4% under asking I can't imagine the gap is huge between what you're offering and the current asking price - it's up to you if the house is worth the extra 4% (assuming the asking price is a price the beneficiaries will accept...which is why asking the EA can help).

    You're probably right. If EA gets in touch this week I'll ask no harm. House has never been sale agreed that I can tell. It's in south dublin. 4% under asking doesn't seem like a huge drop but considering they have already dropped the price and we are offering 10% less than that original price I can understand the hesitantancy. As mentioned they may not even want the asking price and might be looking for higher.

    Fun tidbit: my cousin is trying to buy in the Bronx and was bidding 500k at asking. House sold for 800k. All nycers who can afford it moving out of manhattan bc they want gardens etc after lockdown. What a crazy price jump!


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    #2105
    lfen
    Registered Users Posts: 196 ✭✭lfen


    El Guapo! wrote: »
    Can anybody give me an idea of how long it usually takes to get a valuation done on a property?
    We're sale agreed on a new build. The house is ready to go.
    Broker said they would instruct the valuer to go take a look at the property over 2 weeks ago but still nothing yet. When I ask about it, they say they're still waiting. I'm just wondering if it usually takes this long?

    Depends on the bank, some seem quicker than others. UB prioritised ours & it took a week and a half.


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    #2106
    mimimcmc
    Registered Users Posts: 891 ✭✭✭mimimcmc


    Got AIP from AIB last Friday, already put an offer on a house today (after viewing 4 over the last month).
    Don't have a solicitor just yet, now is probably the right time to get one ya?


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    #2107
    coughdrops
    Registered Users Posts: 170 ✭✭coughdrops


    mimimcmc wrote: »
    Got AIP from AIB last Friday, already put an offer on a house today (after viewing 4 over the last month).
    Don't have a solicitor just yet, now is probably the right time to get one ya?

    Definitely - the Estate Agent will want to know who your solicitor is fairly early on, if your offer is accepted.


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    #2108
    harvindhillon
    Registered Users Posts: 62 ✭✭harvindhillon


    mimimcmc wrote: »
    Got AIP from AIB last Friday, already put an offer on a house today (after viewing 4 over the last month).
    Don't have a solicitor just yet, now is probably the right time to get one ya?
    Yea you should have one already lined up as the contracts shall get sent to your solicitor once sale agreed.


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    #2109
    mimimcmc
    Registered Users Posts: 891 ✭✭✭mimimcmc


    harvindhillon wrote: »
    Yea you should have one already lined up as the contracts shall get sent to your solicitor once sale agreed.

    will get on it asap, thanks :)


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    #2110
    Demur2020
    Registered Users Posts: 3 ✭Demur2020


    Smouse156 wrote: »
    You say you re-negotiated, did the house sell below the 345k?

    Yes - but not for the 310k the original valuer put on it.


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    #2111
    73trix
    Registered Users Posts: 1,190 ✭✭✭73trix


    Looked at a house this week. There's been offers we're told. EA has said they'll accept 5K under asking price. But guess what, they've just put a tenant in there for next 6 months. Is that not the maddest thing? So we could sale agree but have to wait 6 months for the tenant to move out? This house was previously sale agreed and fell thro. It just seems that while they're prepared to drop a few grand, they're trying to get it back by renting it in the meantime! Getting v fed up with the lack of decent houses on the market.


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    #2112
    Limpy
    Users Awaiting Email Confirmation Posts: 1,105 ✭✭✭Limpy


    73trix wrote: »
    Looked at a house this week. There's been offers we're told. EA has said they'll accept 5K under asking price. But guess what, they've just put a tenant in there for next 6 months. Is that not the maddest thing? So we could sale agree but have to wait 6 months for the tenant to move out? This house was previously sale agreed and fell thro. It just seems that while they're prepared to drop a few grand, they're trying to get it back by renting it in the meantime! Getting v fed up with the lack of decent houses on the market.


    It will take about 4-5 month's from When your offer is accepted anyways. Its a slow moving process. It also means you buy a house When the tenant's are still there. They could do some damage.and its Between you and them as its your house. They might not move out either causing more problems. Unless you buy the house as a vacant possession i think stated in the contract.


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    #2113
    73trix
    Registered Users Posts: 1,190 ✭✭✭73trix


    Limpy wrote: »
    It will take about 4-5 month's from When your offer is accepted anyways. Its a slow moving process. It also means you buy a house When the tenant's are still there. They could do some damage.and its Between you and them as its your house. They might not move out either causing more problems. Unless you buy the house as a vacant possession i think stated in the contract.

    We've no interest in it now that the owners have decided to put in a tenant after putting the house on the market. That's worse than having them in before putting it on the market. It's too complicated so we're walking away.


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    #2114
    Tasfasdf
    Closed Accounts Posts: 660 ✭✭✭Tasfasdf


    Just seen a house go up on daft that was sold 2 months ago and on PPR its dated 18/6. There has been no changes to the property and its in a desirable enough location. Any reason why you would buy and then 2 months later sell? The asking price is what they paid. They paid 5k over asking 2 months ago.


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    #2115
    limnam
    Registered Users Posts: 9,152 ✭✭✭limnam


    Tasfasdf wrote: »
    Just seen a house go up on daft that was sold 2 months ago and on PPR its dated 18/6. There has been no changes to the property and its in a desirable enough location. Any reason why you would buy and then 2 months later sell? The asking price is what they paid. They paid 5k over asking 2 months ago.


    They hired a lazy engineer ? :D


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    #2116
    SteelyDanJalapeno
    Registered Users Posts: 14,244 ✭✭✭✭SteelyDanJalapeno


    Can I offer below the current highest bid on a house?

    We like it, but we're not willing to go higher than our limit, so I'd still like to be in the race in case the highest bidder withdraws.
    Is this normal?


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    #2117
    thomasdylan
    Closed Accounts Posts: 514 ✭✭✭thomasdylan


    Tasfasdf wrote: »
    Just seen a house go up on daft that was sold 2 months ago and on PPR its dated 18/6. There has been no changes to the property and its in a desirable enough location. Any reason why you would buy and then 2 months later sell? The asking price is what they paid. They paid 5k over asking 2 months ago.

    Nightmare neighbours?
    Would love to see the house.


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    #2118
    Tasfasdf
    Closed Accounts Posts: 660 ✭✭✭Tasfasdf


    thomasdylan wrote: »
    Nightmare neighbours?
    Would love to see the house.


    Yeah I was thinking that alright.


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    #2119
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    Tasfasdf wrote: »
    Yeah I was thinking that alright.

    https://www.daft.ie/galway/houses-for-sale/oranmore/96-clochg-oranmore-oranmore-galway-2603641/

    My first thought would be a covid-related change in finances. There's a lot of med-tech and tech companies out that way right?


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    #2120
    Queenio
    Registered Users Posts: 53 ✭✭Queenio


    SteelyDanJalapeno wrote: »
    Can I offer below the current highest bid on a house?

    I have done this. Offer was over asking and fell through quickly. A lot of offers are apparently at the minute. I've ended up highest bidder but the vendor has rejected our offer as too low. They have had no further offers in a month. I've been following offers on sherryfitz.ie where they publish them. My mortgage broker told me people often hear back about their offers when others higher have fallen through. No harm. Nothing to lose if the sale proceeds. If it falls through you could be in luck


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    #2121
    cnocbui
    Registered Users Posts: 19,908 ✭✭✭✭cnocbui


    SteelyDanJalapeno wrote: »
    Can I offer below the current highest bid on a house?

    We like it, but we're not willing to go higher than our limit, so I'd still like to be in the race in case the highest bidder withdraws.
    Is this normal?

    I approached an REA and asked them to pass on my expression of interst to the owner when a property was sale agreed. They refused. I went to the council, got the planning application, found the builders name, looked up the builder and rang them and they agreed to pass my phone number to the seller.

    I wasn't expecting anything, but got a call and apparently the bidder was messing them around big time with delays in proceeding. We were invited to meet the following day at the house to be shown around (new build first fixing stage) I was asked would I be interested in matching the current bidders price, if so, I could have it if I could agree on no messing and to progress the purchase with haste. I agreed in principle dependent on the bank, and then contacted same on the Monday. I think we had an interview with the bank 2 days later and they agreed. Not hard given we had 100% equity in our existing home. The loan was basically for the full amount. If I recall correctly with a lot of pushing on our part, it was sorted in about a month.

    A bit awkward for my wife when she attended a meeting at work where the original bidder we snatched it from was present. :D


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    #2122
    mimimcmc
    Registered Users Posts: 891 ✭✭✭mimimcmc


    Queenio wrote: »
    I have done this. Offer was over asking and fell through quickly. A lot of offers are apparently at the minute. I've ended up highest bidder but the vendor has rejected our offer as too low. They have had no further offers in a month. I've been following offers on sherryfitz.ie where they publish them. My mortgage broker told me people often hear back about their offers when others higher have fallen through. No harm. Nothing to lose if the sale proceeds. If it falls through you could be in luck

    Where do they show offers on the sherryfitz website??
    I didn't think this was a thing


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    #2123
    Queenio
    Registered Users Posts: 53 ✭✭Queenio


    mimimcmc wrote: »
    Where do they show offers on the sherryfitz website??
    I didn't think this was a thing

    If you register at mysherryfitz.ie you can see bids on properties. At least I can see bids on the one I have an offer on. And how many bidders.


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    #2124
    lastusername
    Registered Users Posts: 338 ✭✭lastusername


    mimimcmc wrote: »
    Where do they show offers on the sherryfitz website??
    I didn't think this was a thing


    You can only see the ones you are bidding on :)


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    #2125
    Queenio
    Registered Users Posts: 53 ✭✭Queenio


    lastusername wrote: »
    You can only see the ones you are bidding on :)

    You can also only bid higher than the current highest bid. So if you want to bid lower in case an offer falls through you have to email the agent. But I still like that is visible online


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    #2126
    Salanky
    Registered Users Posts: 86 ✭✭Salanky


    Queenio wrote: »
    I have done this. Offer was over asking and fell through quickly. A lot of offers are apparently at the minute. I've ended up highest bidder but the vendor has rejected our offer as too low. They have had no further offers in a month. I've been following offers on sherryfitz.ie where they publish them. My mortgage broker told me people often hear back about their offers when others higher have fallen through. No harm. Nothing to lose if the sale proceeds. If it falls through you could be in luck

    I had forgotten about the Sherry Fitz thing, just put an offer in with them yesterday so assuming they use the website it will come in handy for watching other offers.


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    #2127
    pinkwink3
    Registered Users Posts: 10 ✭pinkwink3


    Just a question about the house I'm currently sale agreed on. At the viewing my husband and I asked for the auctioneer to confirm with the vendors that certain items were included in the sale, a swing set in the garden and light fixtures. He said it would take a day or so to get back to us. We put in our offer the following day and entered into a mini-bidding war over the following few days until we finally went sale agreed. It's now 2 weeks since we had the viewing (and a week since sale agreed) and no word from auctioneer about the items. I'm just looking for advice about if we should contact the auctioneer to ask again, or should we ask the solicitor to ask on our behalf?


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    #2128
    ladystardust
    Registered Users Posts: 131 ✭✭ladystardust


    pinkwink3 wrote: »
    Just a question about the house I'm currently sale agreed on. At the viewing my husband and I asked for the auctioneer to confirm with the vendors that certain items were included in the sale, a swing set in the garden and light fixtures. He said it would take a day or so to get back to us. We put in our offer the following day and entered into a mini-bidding war over the following few days until we finally went sale agreed. It's now 2 weeks since we had the viewing (and a week since sale agreed) and no word from auctioneer about the items. I'm just looking for advice about if we should contact the auctioneer to ask again, or should we ask the solicitor to ask on our behalf?
    If you are sale agreed you need to know what is abd isn't included. Some furniture was included in our sale and the solicitors included this in the contract. If auctioneers are dragging their heels just ask solicitors to contact theirs. Its no harm


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    #2129
    pinkwink3
    Registered Users Posts: 10 ✭pinkwink3


    ladystardust wrote: »
    If you are sale agreed you need to know what is abd isn't included. Some furniture was included in our sale and the solicitors included this in the contract. If auctioneers are dragging their heels just ask solicitors to contact theirs. Its no harm
    Thanks so much for your reply. I sent an email asking the auctioneer directly, so waiting now for him to reply, and if he doesn't I'll get the solicitor to take over. We heard from the bank this morning that we have our full mortgage approval, and our solicitor has said that he'll push for a closing date of a month from now. How exciting!!!


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    #2130
    Bluefoam
    Registered Users Posts: 7,725 ✭✭✭Bluefoam


    pinkwink3 wrote: »
    Just a question about the house I'm currently sale agreed on. At the viewing my husband and I asked for the auctioneer to confirm with the vendors that certain items were included in the sale, a swing set in the garden and light fixtures. He said it would take a day or so to get back to us. We put in our offer the following day and entered into a mini-bidding war over the following few days until we finally went sale agreed. It's now 2 weeks since we had the viewing (and a week since sale agreed) and no word from auctioneer about the items. I'm just looking for advice about if we should contact the auctioneer to ask again, or should we ask the solicitor to ask on our behalf?

    If you believe that certain items were included in the agreed sale price, but the EA isn't comminicating that back to you... then ask your solicitor add a line into the contracts... Then it is up to the vendor to dispute the agreement and they will be in the weaker position.


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    #2131
    OhThePenguin
    Registered Users Posts: 225 ✭✭OhThePenguin


    pinkwink3 wrote: »
    Thanks so much for your reply. I sent an email asking the auctioneer directly, so waiting now for him to reply, and if he doesn't I'll get the solicitor to take over. We heard from the bank this morning that we have our full mortgage approval, and our solicitor has said that he'll push for a closing date of a month from now. How exciting!!!

    Wondering how long it took you to get the full mortgage approval. We went sale agreed at the start of the month and valuation was carried out late last week. I was hoping to hear back this week.


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