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Protocol for queuing to buy a house...

  • 10-03-2018 7:26pm
    #1
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,543 Mod ✭✭✭✭


    Can't find any thread for this, need some help though as it looks like we're in for a Q in a couple of weeks to secure a house on the outskirts of Dublin.

    Pissed this is even happening again after everything that's happened but as in most cases it's down to a simple supply and demand problem.

    So the estate agent says we should be prepared to line up for 24-48 hours.

    From people's experiences how does it normally work...

    Assuming I'm camped on a chair, can you do it in turns (will people give out).

    Likewise if someone needs to go to the toilet would you lose your place?

    Security is a bit of a worry - will have or need a phone/iPad to remain sane...

    Weather - hopefully no snow!

    Any tips grestfully received...


Comments

  • #2
    The Sparrow
    Registered Users, Registered Users 2 Posts: 3,614 ✭✭✭The Sparrow


    I just went through this and it was a shambles. New houses went on sale and I called the EA (Savills) beforehand to find out what the story was only to be told that people had started queuing a couple of days beforehand and had been given priority tickets.

    I’ve no problem if people put the time in to queue and secure a property that way. Fair play to them! But it is nonsense that you can turn up a couple of days early and get a magic ticket and then go home and end up first in line when you rock up on the launch day. Completely unfair in my opinion.

    Maybe this is just a Savills thing though, Ive been to a few of their viewings that have been extremely unprofessional.

    If I was doing it again, I’d rock up a week early and refuse to leave until I either got the first ticket or an assurance that tickets would not be issued.


  • #3
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Is this thread from 2006?
    Queueing for a house, have ye lost the run of yourselves?


  • #4
    ozt9vdujny3srf
    Closed Accounts Posts: 3,152 ✭✭✭ozt9vdujny3srf


    ELM327 wrote: »
    Is this thread from 2006?
    Queueing for a house, have ye lost the run of yourselves?

    What do you mean by "Losing the run of yourselves" in this context?


  • #5
    scamalert
    Registered Users, Registered Users 2 Posts: 3,739 ✭✭✭scamalert


    not sure if sad or funny to spend day or two to que up for a house check :cool::confused: cant they make appointments for the day 20 min each and do open house or smth, estate agents must be having field day for last few years now, doing f-all as bids flow from left and right, imagine some with life long mortgages on their heads forgot how easily market can take a plunge, as no job is secure for decades, to keep 4 digit repayments for 30 years at the least.

    Sure its better then renting since even remote towns to Dublin are well over 1k nowadays, cant even imagine whats Dublin like, where you prob get only room for 1.6k a month. But it shows how ireland is totally backwards rural as its infrastructure is all based excursively on single city in entire country, and how little opportunities there are elswhere.


  • #6
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Robert Greasy Sage wrote: »
    What do you mean by "Losing the run of yourselves" in this context?
    I think it is obvious, but, for clarification, losing any resemblance of sanity (not to mention fiscal prudence) by queuing up for a house.


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  • #7
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    I think it is obvious, but, for clarification, losing any resemblance of sanity (not to mention fiscal prudence) by queuing up for a house.

    You got a house though? Right?

    If that’s what’s required people will do it. The rental sector is a mess.


  • #8
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    You got a house though? Right?

    If that’s what’s required people will do it. The rental sector is a mess.
    Signed contracts last week.
    Without queuing ;)


  • #9
    delly
    Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 7,717 Mod ✭✭✭✭delly


    ELM327 wrote: »
    Signed contracts last week.
    Without queuing ;)

    As disdainful as the current market is, to question the OP's sanity and then reveal your own pie in your eye situation is even more disdainful. We all make decisions on what matters most in life and buying a home is a very big one. Congrats on making an already stressful and real world situation for the OP even worse.

    OP, I never queued before, but did miss out in the early 2000's on places I would have liked. Do what you need to, but don't be afraid to ruffle some feathers of the estate agent or other queuers if are there at a legitimate time to queue.


  • #10
    Del2005
    Registered Users, Registered Users 2 Posts: 19,031 ✭✭✭✭Del2005


    ELM327 wrote: »
    I think it is obvious, but, for clarification, losing any resemblance of sanity (not to mention fiscal prudence) by queuing up for a house.

    If there is a shortage of something that people want they will queue to get it.

    Last Saturday I went to my local shopping centre and the mall, which is about 10m wide by 50m long, was jammed with people queuing to get into the supermarket. Now I didn't need anything so turned around and went home. As I was walking out I overheard 2 couples with babies discussing what they were short of for the babies so they had to join the queue, did both these couples loose the run of themselves or were they queuing in the hope of getting what they needed for their family. Rents are becoming unaffordable so if I had to queue for a few days to make a huge saving, and stability, for my family I'd be purchasing adult nappies and queuing to buy a house.


  • #11
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    delly wrote: »
    As disdainful as the current market is, to question the OP's sanity and then reveal your own pie in your eye situation is even more disdainful. We all make decisions on what matters most in life and buying a home is a very big one. Congrats on making an already stressful and real world situation for the OP even worse.

    OP, I never queued before, but did miss out in the early 2000's on places I would have liked. Do what you need to, but don't be afraid to ruffle some feathers of the estate agent or other queuers if are there at a legitimate time to queue.


    Well done on missing the point.
    My introduction of my own scenario was to show that queueing for houses is not necessary and is quite frankly akin to a run on the banks in terms of herd mentality.


    This is having a resemblance of 2006 era. I'd say we are coming to the top of the bubble shortly, perhaps it will be delayed by a year or 2 due to the ICB rules, but mark my words by 2021 we will be in a recession like 2009 again, except this time it is Ireland and the UK only.


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  • #12
    Sleeper12
    Registered Users, Registered Users 2 Posts: 17,155 ✭✭✭✭Sleeper12


    Taking turns is fine. I'd love to see you try hold a wee in the for 48 hours. 

    I've never had to queue up for one of these things but I have seen small pop up tents being used. A spare power pack would be a godsend to charge your phone


  • #13
    Sleeper12
    Registered Users, Registered Users 2 Posts: 17,155 ✭✭✭✭Sleeper12


    scamalert wrote:
    not sure if sad or funny to spend day or two to que up for a house check cant they make appointments for the day 20 min each and do open house or smth, estate agents must be having field day for last few years now, doing f-all as bids flow from left and right, imagine some with life long mortgages on their heads forgot how easily market can take a plunge, as no job is secure for decades, to keep 4 digit repayments for 30 years at the least.


    It's not that everyone won't get to see the house on the day. There might be 50 houses with 300 people wanting to buy on the day. First 50 get a house. The other 250 leaves without a house


  • #14
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    Well done on missing the point.
    My introduction of my own scenario was to show that queueing for houses is not necessary and is quite frankly akin to a run on the banks in terms of herd mentality.


    This is having a resemblance of 2006 era. I'd say we are coming to the top of the bubble shortly, perhaps it will be delayed by a year or 2 due to the ICB rules, but mark my words by 2021 we will be in a recession like 2009 again, except this time it is Ireland and the UK only.

    Queuing has nothing to do with the prices being over the top, the opposite if anything.

    Basically you probably bought a house from top of a hidden queue of other potential buyers. But since they didn’t view at the same time you didn’t see them.

    With new builds people don’t compete on price as the price is static, at least for each release. So they queue. The queue actually means the houses are underpriced.

    And when people bought at the top of the market in 2006, some queued some didn’t. If you think it’s the top of the market why did you buy last week.


  • #15
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    Queuing has nothing to do with the prices being over the top, the opposite if anything.

    Basically you probably bought a house from top of a hidden queue of other potential buyers. But since they didn’t view at the same time you didn’t see them.

    With new builds people don’t compete on price as the price is static, at least for each release. So they queue. The queue actually means the houses are underpriced.

    And when people bought at the top of the market in 2006, some queued some didn’t. If you think it’s the top of the market why did you buy last week.

    I bought because it was a good price, and a good investment, in addition to being a suitable property. I did not, and would not, queue to buy a property. That's ridiculous.

    This thread is not about me.


  • #16
    ozt9vdujny3srf
    Closed Accounts Posts: 3,152 ✭✭✭ozt9vdujny3srf


    ELM327 wrote: »
    I think it is obvious, but, for clarification, losing any resemblance of sanity (not to mention fiscal prudence) by queuing up for a house.

    That wasn't obvious, because queuing up for anything has no relation to fiscal prudence or sanity.

    Who's to say the people queuing up for a house are more or less fiscally prudent than you are? Maybe by queuing up they are buying houses that are better value than the one you bought.

    If you find a house that you want, at a good price, you would be a fool to turn your nose up at it to avoid the minor inconvenience of queuing.


  • #17
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Robert Greasy Sage wrote: »
    That wasn't obvious, because queuing up for anything has no relation to fiscal prudence or sanity.

    Who's to say the people queuing up for a house are more or less fiscally prudent than you are? Maybe by queuing up they are buying houses that are better value than the one you bought.

    If you find a house that you want, at a good price, you would be a fool to turn your nose up at it to avoid the minor inconvenience of queuing.
    The sheeple rarely stumble upon the rare diamond but hey even the blind squirrel finds a nut every now and then.


  • #18
    scamalert
    Registered Users, Registered Users 2 Posts: 3,739 ✭✭✭scamalert


    Robert Greasy Sage wrote: »
    That wasn't obvious, because queuing up for anything has no relation to fiscal prudence or sanity.

    Who's to say the people queuing up for a house are more or less fiscally prudent than you are? Maybe by queuing up they are buying houses that are better value than the one you bought.

    If you find a house that you want, at a good price, you would be a fool to turn your nose up at it to avoid the minor inconvenience of queuing.
    rare gems seriously not in this market, unless its midlands or as far as possible away from Dublin 4-5bedroom mansion that's a gem, not overpriced semi d or apartment that's assembled in 3 months time due to massive shortage and no lack of buyers willing to sign up just to have a roof.


  • #19
    ozt9vdujny3srf
    Closed Accounts Posts: 3,152 ✭✭✭ozt9vdujny3srf


    ELM327 wrote: »
    The sheeple rarely stumble upon the rare diamond but hey even the blind squirrel finds a nut every now and then.

    First time I have seen the word "Sheeple" used by someone who isn't an anti-vaxxer. Sorry for derailing your thread OP.


  • #20
    The Bishop Basher
    Registered Users, Registered Users 2 Posts: 4,279 ✭✭✭The Bishop Basher


    ELM327 wrote: »
    I bought because it was a good price, and a good investment, in addition to being a suitable property. I did not, and would not, queue to buy a property. That's ridiculous.

    If you want to get a property in any of the numerous estates being built around us at the moment then you either queue up or lose out..

    I don’t see how that makes those buyers sheeple..


  • #21
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    I bought because it was a good price, and a good investment, in addition to being a suitable property. I did not, and would not, queue to buy a property. That's ridiculous.

    This thread is not about me.

    Investment?. But it’s the top of the boom you said.

    You made this about you, there’s nothing I’m queuing that indicates the house was over priced. You also competed for your house.


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  • #22
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    The sheeple rarely stumble upon the rare diamond but hey even the blind squirrel finds a nut every now and then.

    You aren’t coming across very well.


  • #23
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    Investment?. But it’s the top of the boom you said.

    You made this about you, there’s nothing I’m queuing that indicates the house was over priced. You also competed for your house.
    Competed yes - queued no.
    It's approaching the top of the boom. But there will be more to come, perhaps restricted to a plateau by the dearth of supply and the ICB restrictions. These are artificially hyping and restricting the market respectively - not to mention the fireball that is the rental sector and the associated a) volatility and b) the impact of same on the property purchase market.
    Robert Greasy Sage wrote: »
    First time I have seen the word "Sheeple" used by someone who isn't an anti-vaxxer. Sorry for derailing your thread OP.
    It's a relatively common word in economic parlance. Excuse my topical perspicacity.:D


  • #24
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    You aren’t coming across very well.
    Well sorry if I am not (sic) coming across very well. Am I interrupting your queue time? :p


  • #25
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    Competed yes - queued no.
    It's approaching the top of the boom. But there will be more to come, perhaps restricted to a plateau by the dearth of supply and the ICB restrictions. These are artificially hyping and restricting the market respectively - not to mention the fireball that is the rental sector and the associated a) volatility and b) the impact of same on the property purchase market.


    It's a relatively common word in economic parlance. Excuse my topical perspicacity.:D

    I don’t know what economics book you read. Sheeple isn’t a technical term.

    I’ve alreasy explained to you why queues probably indicate a price lower than market price. To avoid queues the developers could have just sold at higher prices and supply would have met demand


  • #26
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    I don’t know what economics book you read. Sheeple isn’t a technical term.

    I’ve alreasy explained to you why queues probably indicate a price lower than market price. To avoid queues the developers could have just sold at higher prices and supply would have met demand
    Never said it was a technical term :confused:
    In fact I said the opposite.


    And how kind of you to (sic) "explain to me" how economics work. Thanks for that.
    Guess I'll hand back my qualifications so - you've educated me.


  • #27
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    Well sorry if I am not (sic) coming across very well. Am I interrupting your queue time? :p

    I own a house and have done since 2012. Which means it has increased in value by 50% or more. I don’t argue points based on my own personal experiences though.

    No idea why you used that (sic) either.


  • #28
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    Franz Von Peppercorn wrote: »
    I own a house and have done since 2012. Which means it has increased in value by 50% or more. I don’t argue points based on my own personal experiences though.

    No idea why you used that (sic) either.
    Well done you. Genuine part of my post -> you probably bought 12 months above the true floor of the market and therefore could make a sizeable profit if you sold now.


    Humorous part: The SIC is used as your sentence "coming across very well" has no real relevance to what I was saying or attempting to achieve. Generally it is a term of derogation and to "take the p1ss" if you will, I used it as a derogation out of context.


  • #29
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    Never said it was a technical term :confused:
    In fact I said the opposite.

    No you didn’t.

    And how kind of you to (sic) "explain to me" how economics work. Thanks for that.
    Guess I'll hand back my qualifications so - you've educated me.

    Cool


    Ps You keep using (sic) incorrectly.


  • #30
    ELM327
    Registered Users, Registered Users 2 Posts: 22,217 ✭✭✭✭ELM327


    ELM327 wrote: »
    Competed yes - queued no.
    It's approaching the top of the boom. But there will be more to come, perhaps restricted to a plateau by the dearth of supply and the ICB restrictions. These are artificially hyping and restricting the market respectively - not to mention the fireball that is the rental sector and the associated a) volatility and b) the impact of same on the property purchase market.


    It's a relatively common word in economic parlance. Excuse my topical perspicacity.:D

    =/= technical term
    Franz Von Peppercorn wrote: »
    No you didn’t.




    Cool


    Ps You keep using (sic) incorrectly.
    No.. that one was correct.


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  • #31
    Franz Von Peppercorn
    Closed Accounts Posts: 7,070 ✭✭✭Franz Von Peppercorn


    ELM327 wrote: »
    Well done you. Genuine part of my post -> you probably bought 12 months above the true floor of the market and therefore could make a sizeable profit if you sold now.


    Humorous part: The SIC is used as your sentence "coming across very well" has no real relevance to what I was saying or attempting to achieve. Generally it is a term of derogation and to "take the p1ss" if you will, I used it as a derogation out of context.

    No, sic is used when you directly quote a misspelling or something not grammatical and want to make it clear that this was on the original quote and you haven’t corrected it.

    I’m not an economist so I won’t be selling my place thank.


  • #32
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    ELM327 wrote: »
    The sheeple rarely stumble upon the rare diamond but hey even the blind squirrel finds a nut every now and then.

    Well thanks for the enlightenment Confucius.

    Mod Note:

    Raise the standard of your posting if you wish to continue to participate in this thread.


  • #33
    Nermal
    Registered Users Posts: 2,704 ✭✭✭Nermal


    Why do developers not auction new builds? As was said previously, queuing is a sign of underpricing. They're leaving money on the table doing this.


  • #34
    Toastytoes
    Registered Users Posts: 435 ✭✭Toastytoes


    What exactly is wrong with queuing if you are trying to secure a house in your desired location, that fits your needs and is within your budget? Maybe everyone should just sit back and wait for their ideal home to fall in to their lap cos that seems likely to happen.... I’d happily queue to secure my preferred house in a development, best garden etc. than wait for what was left after. It’s not a bidding war we’re talking about here.


  • #35
    daheff
    Registered Users, Registered Users 2 Posts: 5,904 ✭✭✭daheff


    Franz Von Peppercorn wrote: »
    With new builds people don’t compete on price as the price is static, at least for each release. So they queue. The queue actually means the houses are underpriced

    You assume here that the price has already been released.....usually it has notbeen released.

    So the queue is more about demand than price.


  • #36
    Grawns
    Registered Users, Registered Users 2 Posts: 2,169 ✭✭✭Grawns


    There's a thread from last year where I queued for a house and asked the same advice. https://www.boards.ie/vbulletin/showthread.php?p=102609354


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  • #37
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    Grawns wrote: »
    There's a thread from last year where I queued for a house and asked the same advice. https://www.boards.ie/vbulletin/showthread.php?p=102609354

    So how did it work out for you in the end?


  • #38
    NIMAN
    Registered Users, Registered Users 2 Posts: 33,995 ✭✭✭✭NIMAN


    Time travel exists!!


  • #39
    Grawns
    Registered Users, Registered Users 2 Posts: 2,169 ✭✭✭Grawns


    LirW wrote: »
    So how did it work out for you in the end?

    Researched queuing, turned up to queue, was given ticket, bought house. Very happy.

    PS. Got my south facing garden


  • #40
    LirW
    Registered Users, Registered Users 2 Posts: 4,825 ✭✭✭LirW


    Grawns wrote: »
    Researched queuing, turned up to queue, was given ticket, bought house. Very happy.

    Congratulations, I really hope you enjoy your new house and it's all coming together!


  • #41
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,543 Mod ✭✭✭✭Sheep Shagger


    Didn't know that other thread existed - will take a look thanks.

    Obviously lining up to buy is nuts but it's the situation we find ourselves in. We actually already own an apartment but now with a family we'd like a house.

    They're not building that many around here hence the need to line up. Yes we have looked at second hand but there's mad outbidding going on, at least with a new build the price is locked in - the downside being there's likely to be way more demand then supply (hence the Q question).


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  • #42
    Grawns
    Registered Users, Registered Users 2 Posts: 2,169 ✭✭✭Grawns


    Sheep Shagger wrote: »
    Didn't know that other thread existed - will take a look thanks.

    Obviously lining up to buy is nuts but it's the situation we find ourselves in. We actually already own an apartment but now with a family we'd like a house.

    They're not building that many around here hence the need to line up. Yes we have looked at second hand but there's mad outbidding going on, at least with a new build the price is locked in - the downside being there's likely to be way more demand then supply (hence the Q question).

    Best of luck. Let us know how you get on. Handing out tickets seems to be more frequent. There was a recent launch on my estate and they posted a notice on the show house the night before the launch not to bother queuing as all the houses had already been allocated by ticket. Sold out before official launch!


  • #43
    jam83
    Registered Users Posts: 341 ✭✭jam83


    What's the protocol in house queues, is it one house per slot in the queue? Or can somebody buy more than one house?


  • #44
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,543 Mod ✭✭✭✭Sheep Shagger


    Grawns wrote: »
    Best of luck. Let us know how you get on. Handing out tickets seems to be more frequent. There was a recent launch on my estate and they posted a notice on the show house the night before the launch not to bother queuing as all the houses had already been allocated by ticket. Sold out before official launch!

    Thanks, going to call the agent again today and see if they are going down the ticket route - is supposed to be launched the weekend after Paddy's weekend.


  • #45
    astrofool
    Registered Users, Registered Users 2 Posts: 16,885 ✭✭✭✭astrofool


    We knew people who queued recently, and got first in line. They got the end house with a larger garden for basically the same price as the other houses (think it was €2k more for the larger garden).

    If they're there in 10 years time, they'll have the "best" house on the street if they sell it, and the queuing will have earned them thousands, in the mean time they get to enjoy a larger garden, and quieter location.

    Someone who bought a second hand house via bidding and multiple viewings to the buying new situation is an idiot, they're completely different scenarios and should be treated as such.


  • #46
    GingerLily
    Registered Users, Registered Users 2 Posts: 4,767 ✭✭✭GingerLily


    I bid on several houses before buying a new build - bidding on houses is very stressful, I'd take a few hours of queuing over that any day!


  • #47
    PhoenixParker
    Registered Users, Registered Users 2 Posts: 2,677 ✭✭✭PhoenixParker


    I'm familiar with two recent queuing situations near us.

    In the first the estate agent came late each night, like around midnight, and handed out numbered tokens. They waited til then so people would prove they were at least somewhat serious. This was the first phase of a new development with no show houses, builder wasn't even on site. On the one hand it was crazy to queue with such limited info, on the other hand prices were about 80k lower then similar houses in the area. First numbers were handed out 3 days in advance.


    In the second case it was about phase 5 of a development. Houses right beside the development above. Known builder but more expensive. People were floating around from Wednesday but since no one else was queuing they didn't stay the night. Real queing started the night before and they took a list and self organised a lot so there was an order to it. Estate agent honoured the list.

    If only one house will do you, you'll need to be there earlier but if you're fairly ok with most houses then early the morning of is probably ok.


  • #48
    Here we go
    Registered Users Posts: 286 ✭✭Here we go


    Not sure if it was mentioned but a good EA will give out tickets.So you show up get your number and return on day of showing and Q up in accordance to number. Not sure why they won’t do that for you unless there trying to use the Q to drive up interest and in turn price but good luck
    Edit just seen post above never mind lol


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