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Best and final offers

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  • 02-06-2015 8:10pm
    #1
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭


    Anybody expérience with this ? Is it just that they arent getting interest in the property or so much interest they want to draw it to a head ? What happens after all bids received


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    #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    A little info here:

    http://www.boards.ie/vbulletin/showthread.php?t=2057350873&page=120


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    #3
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,465 Mod ✭✭✭✭johnnyskeleton


    I bought my apartment that way. I bid c. 5k more than i thought it was worth and so ended up paying 5k more than what the next guy would pay. However, i was prepared to pay that extra 5k to secure the deal. So its not for the faint of heart or bargain hunters (althoughbyou could get lucky)


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    #4
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    johnnyskeleton wrote: »
    I bought my apartment that way. I bid c. 5k more than i thought it was worth and so ended up paying 5k more than what the next guy would pay. However, i was prepared to pay that extra 5k to secure the deal. So its not for the faint of heart or bargain hunters (althoughbyou could get lucky)

    Was it a bank sale ? How long after the bidding did you find out ?


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    #5
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    We were going to go to best and finals, standard sale. Ended up buying else where but we were told we'd be told the next day after bids were due. Frankly anything else would have had me leaving it as there is no reason they can't say straight after B&F bids are in.


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    #6
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,465 Mod ✭✭✭✭johnnyskeleton


    handlemaster wrote: »
    Was it a bank sale ? How long after the bidding did you find out ?

    I think so. It took ages, c. 6 months due to messing by a variety of people.


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    #7
    Citizenpain
    Registered Users Posts: 1,908 ✭✭✭Citizenpain


    Lost out on a house 4 years ago on one of these. 4 bidders ,,we were last of 4 . 1800 shy of the leading bid . I was amazed at the time that we were all so close . we were told the evening that the bids were made.


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    #8
    Balmed Out
    Registered Users Posts: 4,713 ✭✭✭Balmed Out


    Citizenpain wrote: »
    Lost out on a house 4 years ago on one of these. 4 bidders ,,we were last of 4 . 1800 shy of the leading bid . I was amazed at the time that we were all so close . we were told the evening that the bids were made.

    Yeah but if the sale falls through no one will expect a large discount...


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    #9
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    handlemaster wrote: »
    Anybody expérience with this ? Is it just that they arent getting interest in the property or so much interest they want to draw it to a head ? What happens after all bids received

    We got a call the first week in January for "best and final bids" as per the property price register the house sold on the 20th March.


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    #10
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Millem wrote: »
    We got a call the first week in January for "best and final bids" as per the property price register the house sold on the 20th March.

    Was it a bank sale ? How does it work do all offers go to the bank to decide ?


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    #11
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    handlemaster wrote: »
    Was it a bank sale ? How does it work do all offers go to the bank to decide ?

    It was a house for sale with DNG 4 sir Ivor mall.
    There was another house we looked at that was defo a bank sale beside St Augustins school and the rule was it was only to be up for sale for 4 weeks than whoever had the highest bid got it!


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