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

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Comments

  • Subscribers Posts: 16,787 ✭✭✭✭copacetic


    It’s not crazy, but you should just call the agent for a chat. 40 days isn’t that long for a house to show ‘for sale’, bidding could actually be close to or past asking but it’s taking weeks between bids. It’s also possible they’ve only had offers up to 450k, the agent will tell you as they want it sold



  • Registered Users, Registered Users 2 Posts: 156 ✭✭dr.dundrum


    565K and 500K, I didn’t check if they have same amount of bathroom and bedroom but I’m sure very similar. No chance here do you think?

    Exactly right? I think I’m going forward with the offer since the list is sitting there for 40 days



  • Registered Users, Registered Users 2 Posts: 35 zergetek


    Well it seems like our solicitor is not the best, but it is too late to get a different one.



  • Registered Users, Registered Users 2, Paid Member Posts: 6,190 ✭✭✭This is it


    40 days isn't long unless they're under pressure to sell, and even at that, are they willing to possibly lose out on 70k...

    I don't see any problem with making an offer, but you probably know yourself it's unlikely, though not impossible, that they'll accept.



  • Registered Users, Registered Users 2 Posts: 1,598 ✭✭✭Dante


    You can bid whatever you like, they will most likely outright reject it though. No harm in doing it, they will probably view such a low bid as a timewaster, but who knows until you throw it out there.



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  • Registered Users, Registered Users 2 Posts: 14,470 ✭✭✭✭leahyl


    I'm just wondering when they say Phase 1 of a new build is coming to the market soon, generally how long before the houses are ready for occupation (i.e.. built)??

    If you were interested, would it mean you'd be buying off the plans?



  • Registered Users, Registered Users 2 Posts: 2,791 ✭✭✭ec18


    depends? is there a show house built? has the work started at the location? 6-12 months would be a finger in the air guess.


    Probably buying off plans unless there's a show house to walk around



  • Moderators, Entertainment Moderators, Social & Fun Moderators, Paid Member Posts: 21,816 Mod ✭✭✭✭Leg End Reject


    Any new developments I've seen are bought off plans for phase 1.

    They'll build a show house of each house/apartment type during the construction of phase 1.

    Prices tend to go up for each subsequent phase so contact the selling agent ASAP if you're interested. Good luck!



  • Registered Users, Registered Users 2 Posts: 14,470 ✭✭✭✭leahyl


    Thanks, not a fan of buying off plans tbh. Anyway, I prob won’t be able to afford the first phase, never mind subsequent phases. I have emailed and asked for prices and got the usual “prices will be released in the coming weeks” along with floor plans and site maps. I have no idea what I’m doing, first time buyer. It’s so difficult out there.



  • Registered Users, Registered Users 2 Posts: 5,650 ✭✭✭Padre_Pio


    Best thing to do is look up the planning permission on the county council or city council website. That'll have all the site plans, house details, where social housing will be etc etc.

    You can pick your preferred house off this plan, and show it to the EA, before they've even released the plans publicly.

    There won't be any prices on it, but most EAs just take a 5k refundable deposit until the houses are completed.

    Remember that not all houses are equal. Houses that are end of row, slightly bigger gardens, not overlooked etc will be worth more if you ever go to resell.



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  • Moderators, Entertainment Moderators, Social & Fun Moderators, Paid Member Posts: 21,816 Mod ✭✭✭✭Leg End Reject


    I don't think the location of social housing is disclosed. You can figure it out when they appear on the property price register as they're bought in bulk, so all transactions go through on the same day.

    @leahyl, look at the planning on the relevant council online planning system. Figure out what orientation you want for your back garden (south/south west if you like sun), see what layout you like and then see if your budget matches when the price is advertised.

    They will have CGI representations of what the houses will look like. Many people buy off plans, it's not ideal but it means you get in on the first phase. Get a recommendation for a good conveyancing solicitor in your area, chat with a lot of estate agents, ask questions here and on Ask About Money too. It's very daunting so spend time getting comfortable with the process.



  • Registered Users, Registered Users 2 Posts: 14,470 ✭✭✭✭leahyl


    Thanks for the replies. It’s not social housing, it’s a private development. I’ll have a look when the information goes up on the website. I’m not altogether sure about a new build but there are no decent second hand houses around so…



  • Moderators, Entertainment Moderators, Social & Fun Moderators, Paid Member Posts: 21,816 Mod ✭✭✭✭Leg End Reject


    All new developments will have a minimum of 10% social housing, more if housing charities or investment groups buy houses.



  • Registered Users, Registered Users 2 Posts: 5,650 ✭✭✭Padre_Pio


    There should be a Part V section on the planning to show how they meet social housing requirements, sometimes they call out specific houses, or a specific house type(type A house for instance) and they're usually the smallest houses in the estate.



  • Moderators, Entertainment Moderators, Social & Fun Moderators, Paid Member Posts: 21,816 Mod ✭✭✭✭Leg End Reject


    They might specify house type and the number of houses, but I don't think they specify which house.

    I could be wrong but I know people who tried to find out and couldn't. Estate agents claim they don't know, but if they're the sole agent it's very easy for them to figure out which units are available for sale.



  • Registered Users, Registered Users 2 Posts: 5,650 ✭✭✭Padre_Pio




  • Moderators, Entertainment Moderators, Social & Fun Moderators, Paid Member Posts: 21,816 Mod ✭✭✭✭Leg End Reject




  • Registered Users, Registered Users 2 Posts: 14,470 ✭✭✭✭leahyl


    Thanks guys, I've looked on the city council website and searched for the planning application and nothing came up? There is one for another housing estate nearby that is due to be built but not this one as far as I can see.



  • Registered Users, Registered Users 2 Posts: 4,716 ✭✭✭Roberto_gas


    What is the state of bidding war right now ? I see properties flying off and going sale agreed in South Dublin (Cherrywood/Cabinteely) if they are in good knick !



  • Registered Users, Registered Users 2 Posts: 16,678 ✭✭✭✭Fitz*


    The last house I bid on, in Galway, was gone over 70k above asking before I pulled out, with no signs of stopping.



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  • Registered Users, Registered Users 2 Posts: 16,678 ✭✭✭✭Fitz*


    Went for 120k over asking in the end. Asking was 340k.



  • Registered Users, Registered Users 2 Posts: 903 ✭✭✭tonysopprano


    Saw one in North Meath, went up on Daft on Friday evening at 260, viewed on Thursday at 320 and sold for higher over the weekend.

    If you can do the job, do it. If you can't do the job, just teach it. If you really suck at it, just become a union executive or politician.



  • Registered Users, Registered Users 2 Posts: 2,077 ✭✭✭shoegirl


    FWIW the ex just sold a house in sunny Rathcormac (Cork). Paid in 227k in 2006 at height of market and next door that had one more bedroom went for just a small bit more than that last year. They were looking for 245k, but eventually sold it for 229k, was in good nick to be fair. Must have completed because it was on the property price register last week. I think it took around 4 months from when it appeared on DAFT to PPR.



  • Registered Users, Registered Users 2 Posts: 1,625 ✭✭✭barry181091


    Was looking in Galway for a year and it was the same then, absolute madness.

    Now looking in Clare and its as bad but this time there is just zero supply.



  • Registered Users, Registered Users 2 Posts: 4,716 ✭✭✭Roberto_gas


    Very limited supply coming in South Dublin...any decent house and bidding war takes it way over reasonable price



  • Registered Users, Registered Users 2 Posts: 5 bor83


    Has anyone had experience of selling their home to an individual buying the property through their pension? Our estate agent has said that it may be possible for our house to sell this way as he has a client. In my head I presume it makes the sales transaction quicker (as the pension pot is there and ready to be transferred) but you run the risk that they low ball you because of the potentially speedy sale and that you might not need to go to the open market. Any experience or insight would be great.



  • Registered Users, Registered Users 2 Posts: 1,457 ✭✭✭SharkMX


    Common sense tells me that if you want the best price never sell a house without putting it on the open market.



  • Registered Users, Registered Users 2 Posts: 2,606 ✭✭✭GiftofGab


    3 bed terrace house in South Dublin for €435. How much over the asking price do you think this would go for? Just a rough estimate based on experience.



  • Registered Users, Registered Users 2 Posts: 399 ✭✭ingo1984




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  • Registered Users, Registered Users 2 Posts: 754 ✭✭✭havana


    minimum 70k, probably closer to 100k if not more, from what I’m seeing!

    if you look on Offr you can see the current offers on properties

    its so depressing out there at the moment.



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