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Property Market 2020

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Comments

  • #7862
    c.p.w.g.w
    Registered Users Posts: 4,994 ✭✭✭c.p.w.g.w


    Auctioneera wrote: »
    Be sure to ask the estate agent to email you the current situation in relation to offers ie what, if any, offers are there currently on the property. Get this in writing as an unscrupulous agent may say there are offers when there are not. This is known as "ghost bidding." If there are no offers on the property, then obviously don't offer over the asking price.

    Good luck trying to get an estate agent doing that tho. I was looking a gaff before Xmas last year, made an offer and was declined and I asked for the above and they rang me back to literally laugh at my request...house is still for sale and my buddy who was selling didn't go with this EA


  • #7863
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    c.p.w.g.w wrote: »
    Good luck trying to get an estate agent doing that tho. I was looking a gaff before Xmas last year, made an offer and was declined and I asked for the above and they rang me back to literally laugh at my request...house is still for sale and my buddy who was selling didn't go with this EA

    All estate agents in Ireland are regulated by the PSRA. We are required by law to disclose the current offers on a property. We put all latest offers on our website and think that every estate agent should do this.


  • #7864
    Dav010
    Registered Users Posts: 14,001 ✭✭✭✭Dav010


    Auctioneera wrote: »
    All estate agents in Ireland are regulated by the PSRA. We are required by law to disclose the current offers on a property. We put all latest offers on our website and think that every estate agent should do this.

    I think you are doing a bit of shilling here auctioneera. By law you are required to keep a record of bids, are you required to give in to bidders in writing?


  • #7865
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    Auctioneera, please limit your posts to responding to specific questions or mentions of Auctioneera.

    Any posts outside of this will be deleted.


  • #7866
    Donald Trump
    Registered Users Posts: 19,023 ✭✭✭✭Donald Trump


    Auctioneera wrote: »
    There's no such thing as "the best possible price" - there is the market price as determined by what the highest bidder is willing to pay. Estate agents facilitate offers to be made on properties. The idea that the market value of an asset varies by whom the agent is charged with selling it is a nonsense in our view.
    Every agent brings the market price to the vendor. The vendor decides to accept or reject that.




    You are hardly doing a good job of advertising your own business with "come to us. we'll won't do any better than the others"


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  • #7867
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    Dav010 wrote: »
    I think you are doing a bit of shilling here auctioneera. By law you are required to keep a record of bids, are you required to give in to bidders in writing?

    We are obliged to disclose the current bidding situation yes. If someone asks us, or any agent, "are there any offers?" we must answer that question truthfully....as you would expect.


  • #7868
    EagerBeaverton
    Registered Users Posts: 63 ✭✭EagerBeaverton


    Dav010 wrote: »
    I think you are doing a bit of shilling here auctioneera. By law you are required to keep a record of bids, are you required to give in to bidders in writing?

    Good question, be interested to know that myself particularly if it's law to provide that info in writing/email. Also a good reason why it's useful to have an actual EA here who can provide potentially verifiable information to us that we might not have known about.

    Donald Trump wrote: »
    You are hardly doing a good job of advertising your own business with "come to us. we'll won't do any better than the others"

    In fairness to them they're being transparent about their business model. EAs get a lot of flack but they're upfront about their offering. Horses for courses.


  • #7869
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    Donald Trump wrote: »
    You are hardly doing a good job of advertising your own business with "come to us. we'll won't do any better than the others"

    Our view is that the market (the bidders) determine the price a property sells for, not the estate agent. You wouldn't expect to pay a different price for a share in a company for example, depending on the broker through which you bought it - why is a house any different. The market determines the price, not the agent.
    We charge a lower price than other agents so we let our vendors keep more of the value of their property.


  • #7870
    EagerBeaverton
    Registered Users Posts: 63 ✭✭EagerBeaverton


    Auctioneera wrote: »
    We are obliged to disclose the current bidding situation yes. If someone asks us, or any agent, "are there any offers?" we must answer that question truthfully....as you would expect.

    Is it a requirement to provide that information in writing / email so there's a record that the PSRA can check against the EAs own records if a complaint of suspected ghost bidding was made?


  • #7871
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    EagerBeaverton wrote: »
    Is it a requirement to provide that information in writing / email so there's a record that the PSRA can check against the EAs own records if a complaint of suspected ghost bidding was made?

    An agent can provide the information verbally over the phone. However, I would request it in writing myself if I was buying as I think if an agent was inclined to ghost bid, he would prefer to do that over the phone as opposed to in writing.
    Sorry if I caused confusion: there is no requirement to email the latest bidding position - you can do that over the phone. I was advising that you should ask for it in writing.
    In fairness, the vast, vast majority of agents won't ghost bid anyway as that would risk their license, reputation and so their livelihood.


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  • #7872
    Mic 1972
    Registered Users Posts: 3,213 ✭✭✭Mic 1972


    Auctioneera wrote: »
    All estate agents in Ireland are regulated by the PSRA. We are required by law to disclose the current offers on a property. We put all latest offers on our website and think that every estate agent should do this.


    An agent told me the current offer over the phone, when i said I wasn't interested in viewing the property because the offer was too high he sounded surprised, i had a feeling that he gave some bull**** figure over the phone and probably regretted it because I lost interest in the property
    <SNIP>


  • #7873
    Donald Trump
    Registered Users Posts: 19,023 ✭✭✭✭Donald Trump


    Auctioneera wrote: »
    Our view is that the market (the bidders) determine the price a property sells for, not the estate agent. You wouldn't expect to pay a different price for a share in a company for example, depending on the broker through which you bought it - why is a house any different. The market determines the price, not the agent.
    We charge a lower price than other agents so we let our vendors keep more of the value of their property.


    Bidders have to know about the property though. You need to know where to advertise it. That probably isn't as important for residential houses. And they have to be convinced of the merits of buying it. Certain Estate agents might have built up lists of people looking to buy that type of property too (depending on the type).


  • #7874
    Cyrus
    Registered Users Posts: 19,667 ✭✭✭✭Cyrus


    PokeHerKing wrote: »
    1.2 million would buy close to 100% of properties in Enniskerry currently on my home.

    How many are big detached houses on a 2 acre site ?


  • #7875
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    folks, I've deleted a few completely off-topic posts.

    Welcome back to the Property Market 2020 thread :)


  • #7876
    hurikane
    Registered Users Posts: 688 ✭✭✭hurikane


    Auctioneera wrote: »
    Fair play Graham - deleting an interesting, engaging, informative and stimulating conversation. Nice job

    Your posting style and attitude, would put me off ever using your service.


  • #7877
    Icepick
    Registered Users Posts: 2,454 ✭✭✭Icepick


    Auctioneera wrote: »
    Our view is that the market (the bidders) determine the price a property sells for, not the estate agent. You wouldn't expect to pay a different price for a share in a company for example, depending on the broker through which you bought it - why is a house any different. The market determines the price, not the agent.
    We charge a lower price than other agents so we let our vendors keep more of the value of their property.
    There is only two ways this can go. You either can't offer the same services as other agents or you never grow and can't attract the best talent.


  • #7878
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    hurikane wrote: »
    Your posting style and attitude, would put me off ever using your service.

    Likewise. Bizarre posts. Will stick with SF & the main agents myself !


  • #7879
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    Julissa Bitter Jeep wrote: »
    Likewise. Bizarre posts. Will stick with SF & the main agents myself !

    Fair enough. We think paying several thousand Euro to sell a property is illogical. But that's what makes a market. Differences of opinion. I don't think any of our posts were "bizarre" though in fairness. We engaged meaningfully in the discussion. So we respectfully disagree with you paying SF et al so much.
    We think we will ultimately become the main agent...but we would say that of course.


  • #7880
    Auctioneera
    Closed Accounts Posts: 46 ✭Auctioneera


    Icepick wrote: »
    There is only two ways this can go. You either can't offer the same services as other agents or you never grow and can't attract the best talent.

    I would politely encourage you to search for "auctioneera reviews" on google to see the opinion of those who have used our service to date. We think the market will ultimately eschew the high priced agencies in favour of ourselves. But of course we respect your different opinion. The market will ultimately decide.


  • #7881
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Auctioneera wrote: »
    Fair enough. We think paying several thousand Euro to sell a property is illogical. But that's what makes a market. Differences of opinion. I don't think any of our posts were "bizarre" though in fairness. We engaged meaningfully in the discussion. So we respectfully disagree with you paying SF et al so much.
    We think we will ultimately become the main agent...but we would say that of course.

    You don't have a new business model. It's been tried and tested the world over, and there's a reason fees in the states remain a whopping 5-6% while in Ireland they are a measly .75-1.75%. you really do get what you pay for IMO.

    It's not all about cost. Is all you grocery shopping from a retailers own brand because it's cheap?


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  • #7882
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    192 properties listed as sold, 96 Google reviews, that's some hit rate for reviews, congrats.


  • #7883
    hurikane
    Registered Users Posts: 688 ✭✭✭hurikane


    Julissa Bitter Jeep wrote: »
    Likewise. Bizarre posts. Will stick with SF & the main agents myself !

    It’s like an estate agent with a Conor McGregor type persona.

    Does anyone remember privateseller.ie?


  • #7884
    Empty_Space
    Registered Users Posts: 227 ✭✭Empty_Space


    I can't get over auctioneras condescending and patronizing tone. It's a train wreck since they decided to join this thread😂.

    Can they be removed for their own good and the good of the forum. Sick of reading them in every second post.


  • #7885
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    on that note. A friendly reminder the discussion is Property Market 2020.

    Any further off-topic posts will be deleted/infracted or result in a thread ban. If you have an issue with a post, please report it.

    This applies to ALL posters.


  • #7886
    celtic_oz
    Registered Users Posts: 1,548 ✭✭✭celtic_oz


    I'm thinking there's some anxiety in this thread .. where do you think we are ?

    514104.jpg


  • #7887
    combat14
    Registered Users Posts: 2,041 ✭✭✭combat14


    celtic_oz wrote: »
    I'm thinking there's some anxiety in this thread .. where do you think we are ?

    514104.jpg

    Some denial too


  • #7888
    addaword
    Registered Users Posts: 671 ✭✭✭addaword


    celtic_oz wrote: »
    I'm thinking there's some anxiety in this thread .. where do you think we are ?

    514104.jpg

    At the anxiety stage. Prices have a lot to drop yet.


  • #7889
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    addaword wrote: »
    At the anxiety stage. Prices have a lot to drop yet.

    There's an entire "market completely frozen" point missing on that chart!


  • #7890
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭Hubertj


    combat14 wrote: »
    Some denial too

    Egypt?


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  • #7891
    Mic 1972
    Registered Users Posts: 3,213 ✭✭✭Mic 1972


    kippy wrote: »
    To support those that can't...... Among other reasons.


    If I could afford a house being single with an average salary anybody can, but most people aren't willing to make sacrifices


This discussion has been closed.
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