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

It’s unusual but not unheard of. Some sellers will only want to sell to cash buyers. We had multiple house where we were bidding for ages against a cash buyer. We ended the highest bidder but the cash buyer still got the house and we were just used to extract the most money from them. We never had a chance.

Your scenario actually seems more decent and less greedy. They got the price they wanted from the people they wanted. They didn’t waste your sisters time and get her hopes up unnecessarily for a house she was never going to get.

Bold statement to make because no one knows what will happen. To the OP, go to a EA, see what the valuation is and go from there.

Exact same apartment in the block was listed by a different EA this month at 475k and sold for 525k. This apartment was listed at 400k and sold for 470k. Just doesn't add up. Shall wait and see whether the EA communicated my sister's bid to the vendor or was the vendor told that the cash bid of 470k was the only bid left.

The cash buyer could have easily hand the EA a brown envelope with 5k cash to sweeten the deal and say hey the other bidder stopped bidding... Meaning your sister.

The EA need a big wake up call, they act like they personally own all housing stock in Ireland. The process of bidding is not transparent at all, and relies on one person EA.

Ya the EA should have communicated the higher cash bid, but after that - nothing really to see here once the seller was happy with such a cash bid.

Poor form for the EA to be wasting your sisters time as all it would have taken is a 2/3 min phone call.

I know someone who accepted a buyer with a lower bid because the couple buying the house grew up in the area and vendors liked the idea of a kid that used to live there coming home and settling back into the area rather than someone that the neighbours didnt know at all.

This seller wanted to make life easy for the neighbours they were still friends with, more than wanting more money.

I was talking to her last night. EA advised her to put the house back on the market with a price drop of 10%, but to expect to get 20% more than that which is far more than the price it was sale agreed for before. It was a strategy to get people in the door fast as the owners of the house she is buying are getting tired of waiting now and are going to pull the plug. Seems to be working as there are full viewings coming on Friday and Saturday. She said she the EA is going to wait a week after that for bids and then ask all the bidders to send in their final bids for the following week to get the sale done.

This is a house that was sale agreed 3 times and fell through in the last year and a bit.

The last withdrawal was because the house cant get fibre. The one before that the buyer didnt have the funds they said they had when it came to drawing down the mortgage. According to what I was told the EA says prices have gone up in the area since it was first sale agreed so she should expect to sell at the current worth of the house. I'll post back when i hear how it ended up.

She did tell me that unless its a person without a house to sell now, it doesnt matter what the bid, they will go for the buyer with no house to sell. And even if its the same as the previous offer or a bit lower she will take it if the bidder is solid and free to buy. She instructed the EA to tell everyone looking at the house the reasons why the sales fell through before so they know the story if they are bidding.

Dublin

Anyone recently get a Valuation report done with AIB? Booked it on the morning of the 6th of June.

They said it takes 7-10 working days. Today would be the 10th working day.

That's a good point, thanks

Contracts signed for a new build, still with our solicitor and not signed by the developer yet.

We received a provisional BER of A2 with the booklet of title and this is what was advertised on Daft.ie (ad since taken down).

I've just spotted that the developer's auctioneer has posted about another property in this development now available, same size and type. I was thinking they might have had someone pull out so they have readvertised.

Strange thing is the rating is now advertised as A3.

Can anyone advise on what might have happened here, where I stand with my provisional cert and my best course of action here to investigate?

I'm thinking i'll say it to my solicitor anyway. My concern is what might have dropped the rating in the space of time from their provisional cert of A2 to the A3 now being advertised. Nothing has been mentioned to us and i'm a bit concerned.

Could just have been assessed by a different assessor or have slightly different layout that affected the BER. I wouldn't worry too much about the difference between A2 & A3 both are quite high in terms of energy efficiency and both qualify for green mortgage discounts.