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

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Comments

  • Registered Users, Registered Users 2 Posts: 24,311 ted1
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    just gone sale agreed at. We’ve also just put in an offer an a house we’ve been looking at for the last few weeks. So hopefully it all goes to plan



  • Registered Users, Registered Users 2 Posts: 1,753 SlipperyPeople
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    Any input in whether to list house before or after christmas (Jan) Market gone very quiet over Christmas period as expected (nobody wants the hassle of moving during christmas period).



  • Registered Users, Registered Users 2 Posts: 6,809 Claw Hammer
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    If you list now, nobody will be moving before Christmas anyway. It would typically take about 2 months to close any sale agreed. The main problem is getting viewers out in December and January.



  • Registered Users, Registered Users 2 Posts: 1,451 herbalplants
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    Best to list before Christmas as people are off and making plans for new year.

    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 24,311 ted1
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    No point listing now.
    have you hit your BER? What condition is the house in ?

    You’ll get a good return if you do the house up. Get rid of most furniture, declutter , replace old curtains , paint walls if necessary, possible replace / clean carpets.

    We spent just under 10k putting in a new bathroom and the estate agent reckons it added about 25k onto the house as it attracted more people


    we listed on a Monday and had the first viewing on the Saturday



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  • Registered Users, Registered Users 2 Posts: 2,213 samo
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    We put a house up for sale 2nd week of January and it was one of only 4 properties in the area and went sale agreed in 2.5 weeks - still took 6 months to complete though with no chain and first time buyers. We noticed it was maybe March before more properties started coming to the market after that (so worked in our favour)



  • Registered Users, Registered Users 2 Posts: 1,583 Rocket_GD
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    In this market with the current demand there isn't much point in spending money doing up a house to sell, it will go for over the asking no matter what.

    Majority of new owners end up doing up the house themselves when they move, new curtains will be binned, carpet torn up for new wood floors, walls painted for their own style so all the money spent by the previous owners will have been wasted.

    I think your EA was having you on a bit, no matter how nice the bathroom was it didn't add 25k to the price, that was the demand and bidding wars in the market.



  • Registered Users, Registered Users 2 Posts: 24,311 ted1
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    It definitely has. And is easy to measure. We just need to look at the last few sales in the estate. The ones that are going for 650k aren’t staged and have original bathrooms the ones going for 700k have been done up.

    Many people are afraid to take on houses that need work as they think the costs will be crazy or else simply have no cash left after buying the house


    who cares what they do when they move in. You need to make it attractive to them in the first place

    Post edited by ted1 on


  • Registered Users, Registered Users 2 Posts: 151 GalwayBmw
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    Makes no difference whatsoever when you put it up on sale. For one thing you can foresee there'll always be another 10, which you can't.

    Post edited by GalwayBmw on


  • Registered Users, Registered Users 2 Posts: 4,597 tigger123
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    If your actual budget is 800k, at what price point should you be looking at on myhome? Is it the 700k mark? Am looking in D6, D6W, D8, D12, D14.

    I'm just trying to get a sense of where bidding and asking prices are at currently.



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  • Subscribers Posts: 16,750 copacetic
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    if your absolute max is 800, I’d say 10-15% below it upward, but it would depend on the house itself and how it is priced also. You may see a 650k house that you can tell straight away is going to go to 800k, or a 750k house that you can tell is going to do well to get 800k, it’s not a hard and hast rule.



  • Registered Users, Registered Users 2 Posts: 2,439 Cork2021
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    can anyone tell me what an executive listing is? Heard an estate agent say it yesterday for the first time… some sort of letting?



  • Registered Users, Registered Users 2 Posts: 2,184 extra-ordinary_
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    Are you sure it wasn't 'executor' - person has died and the person administrating the deceased person's affairs i.e selling the house.



  • Registered Users, Registered Users 2 Posts: 2,439 Cork2021
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    no definitely executive. It has rattled my brain since



  • Registered Users, Registered Users 2 Posts: 6,126 This is it
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    Can you provide any further context as to how it was used?



  • Registered Users, Registered Users 2 Posts: 2,439 Cork2021
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    she was hopefully getting an executive listing confirmation today, that’s all I have



  • Registered Users, Registered Users 2 Posts: 8,133 youcancallmeal
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    Possibly on the likes of daft and myhome the EA can pay an extra fee to have a property displayed prominently at the top of any searches and even display it when it doesn't match the search criteria exactly



  • Registered Users, Registered Users 2 Posts: 1,875 Patsy167
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    I'd say they meant a premium ad or else that the ad would be handled by the advertising executive (i.e. the person who looks after ad listings).



  • Registered Users, Registered Users 2 Posts: 24,311 ted1
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    After a long search we finally went sale agreed this morning. It’s not one I had looked. At as it was over my budget but I noticed it’s been sitting there for a while. And got in touch with the agent. We manage to come to a deal and got it at 100k under asking.



  • Registered Users, Registered Users 2 Posts: 922 Dan Steely
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  • Registered Users, Registered Users 2 Posts: 1,451 herbalplants
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    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 24,311 ted1
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    especially as we went 100k over in our own.
    pricing is crazy.

    Here’s an example. Listed for 945k. Current offer is 1.355M

    I guess the lesson is if you are looking increase your budget I the search and look at how long properties have been listed for.



  • Registered Users, Registered Users 2 Posts: 3,317 naughtysmurf
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  • Registered Users, Registered Users 2 Posts: 2,213 samo
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    Planning retention and septic tank, (the vendor did genuinely consider all was in order but our solicitor was very thorough on all points)



  • Registered Users, Registered Users 2 Posts: 878 tonysopprano
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    What was original asking price, if you dont mind or approx discount percentage, and why?. was there problems with the house?

    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: 24,311 ted1
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    Original price was a bit over €1M..

    It’s a 1960s house in south Dublin. Needs some modernisation but nothing out of the ordinary



  • Registered Users, Registered Users 2 Posts: 266 Quiet Achiever
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    I'm seeing the odd house with a BER like this and wondering how it can be so bad.

    Walls are F - does that mean single block no insulation whatsoever? Looks like a real easy house to add a wraparound to regardless

    Space heating - presume closing the fireplace and a new boiler would solve that.

    Then with some new windows and attic insulation, it's in good shape then?



  • Registered Users, Registered Users 2 Posts: 288 Hontou
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    My house sale fell through as the purchaser did not have the funds and told our agent that their house sale was imminent when it was not. We went sale agreed 6 months ago and their house is still not sold so we took the advice of our solicitor to pull out as these buyers are messers. This situation has soured our relationship with our estate agent who wanted us to wait. We cannot afford to wait. We have to get a new agent as our present one is not communicating with us and we feel our house being on the market so long is damaging the reputation of it. The frustrating thing is that the house has 20,000 views but no one could view it as it was sale agreed all this time. Any advice on getting a new agent? I'm looking at big-name agents now but they are a lot more expensive than my previous local one. Do I have to pay the old agent when he did not / will not communicate with us and advised us to go with a buyer who was not reliable?



  • Registered Users, Registered Users 2 Posts: 8,133 youcancallmeal
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    Most estate agents will have some small print in their T&Cs that says you have a to pay something like €500 if the sale does not happen for whatever reason. Certainly sounds like you need to take that hit and start fresh with someone new



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  • Registered Users, Registered Users 2 Posts: 17,445 astrofool
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    We had a similar case on our last move (a number of years ago) in that case it was our estate agent who said we should move on, knowing we needed to sell to move. Buyers seemed to get bad advice from their mortgage broker and then weren't organising a survey, went back on and sale agreed again with a couple of weeks at a higher price. Wishing you luck.



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