Cantstandsya wrote: » I guess all those newspaper articles reporting lower bank valuations back in May and the Daft report showing reduced asking prices in June were all lying then.
The_Brood wrote: » What are the chances the economy will go into a big recession, severely impacting house prices within the next 6-9 months?
Bass Reeves wrote: » If I was selling and a buyer tried this stunt I go back to under bidder. As well if he failed to honour contract I see it as a valid reason to hold onto deposit. Finally If I had to sell for 20k less I give an underbidder the option rather than a lad that tried that stunt at closing
fliball123 wrote: » It all depends on if they find a vaccine for Corona
SozBbz wrote: » Positive murmurings coming from both the UK and US vaccine teams, human trials going well apparently. We're not over the line yet, but some serious experts whose opinion I'd value on the matter are quite optimistic.
Newbie20 wrote: » Yeah agreed, I think it’s crazy advice For solicitors to be giving out when it’s none of their business really. I think it’s a foolish risk to take, particularly if the buyer is anxious to just get the sale over the line and if I was the seller I would probably become stubborn and sell to anyone else bar the ones that decreased their offer after going sale agreed.
Marius34 wrote: » Big recession is already here and will stay for a while. 2020 Q2 reported largest economy contraction in our lifetime. Currently, the chance of severe impact on the house price is quite low. Simply due to Supply/Demand economics. But many things can change down the line within years, that no one can tell exactly what will happen in the years to come..
mcsean2163 wrote: » If I was a seller, I'd most likely allow 10k off or something, maybe the whole 20 depending on situation. I suppose depends on the asking price too....
mcsean2163 wrote: » ? Seriously, if there's a big recession people will have less money and be able to afford less expensive houses. For example, people get paid less in Nairobi Kenya and prices are cheaper despite demand [url]htTps://www.buyrentkenya.com/houses-for-sale/nairobi[/url]
fliball123 wrote: » I wouldnt if I had a house in a place people want to live and its in good nick I would sell for a cent under what I think its worth. Why would I give you a discount when there will be others who will pay it
Shelga wrote: » Presuming there are others who can/will pay it.
fliball123 wrote: » If not I would wait till the pandemic is over, the economy is going again and wait till I get the price I want
BEdS_83 wrote: » I also think that there is plenty evidence that the price are going down, some times you can see people dropping ads from daft and myhome and then creating new ones. I remember seeing one house here in Dun Laoghaire, what got my attention was the location, because it was close to the vet from my dog, that house was priced at 745k, now the same house is priced at 695k, and it's funny because you can still see the price if you google the address + daft, google's cache is still showing as it was back then.
BEdS_83 wrote: » I also think that there is plenty evidence that the price are going down, some times you can see people dropping ads from daft and myhome and then creating new ones. I remember seeing one house here in Dun Laoghaire, what got my attention was the location, because it was close to the vet from my dog, that house was priced at 745k, now the same house is priced at 695k, and it's funny because you can still see the price if you google the address + daft, google's cache is still showing as it was back then. one thing that bothers me is those vulture funds and how unfair is this situation, Station Manor for instance, house there were price 565, 560 and then 540, suddenly all ads were gone, dng also removed from their website, few days later daft showed and ad from occu they are now renting out the houses there, can't post the link here because I'm new .. guess what?! 2775/m 4-bed house it is almost impossible to compete when you have someone shoving money around like that.
Cantstandsya wrote: » Bank valuers and solicitors disagree with you.
Shelga wrote: » I withdrew a bid on a fixer upper house, which has since been reduced by €10k on Daft, but I think it's far too early to tell if there are going to be any significant price drops. It seems to vary wildly. Supply is still abysmal.
mcsean2163 wrote: » Good for you, presumably you can carry that risk. We sold and bought in the last recession. We sold for half the 2007 price and bought for half the 2007 price. Prices before covid19 were still not back to 2007, so you may not have to wait as long. Personally, I think a seller would be mad to pull a sale for the sake of 20k, we've been considering another move, our asking price would be a lot lower than before Christmas! KBC was saying 12% drop, that's more than 20k for average house in Dublin.
Marius34 wrote: » I mentioned before, that KBC predictions was one of the weirdest I ever seen. They forecast 12% drop for property price in 2020, and than 8% increase in 2021. It maybe realistic their forecast for 2021 that property price maybe -4% lower than begging of 2020. But the fluctuation they forecast... won't happen.
brisan wrote: » I think I would take the word of an economic expert who works for a bank rather than some randomer on the internet. KBC have skin in the game. its not in their interest for house prices to drop
JimmyVik wrote: » Its just made up. No solicitor is going to give that advice to a client after sale agreed, never mind 3 of them. And somehow the poster got this rare inside knowledge not once but 3 times. Yeah right.
