Can you upset a seller where they write you off

skooterblue2 · 11-01-2021 11:05pm

Snorlaxx wrote: »

you call it Interesting, others would call it creepy, angry ex-girl/boy friend creepy

Dont you like to watch?!?!?!? Its like dogging but with a property negotiation.

The seller has some cahones!!!! 180k for Rice Park!!!

160k at best for a Terraced house in Waterford, plus you have to do the back garden.

skooterblue2 · 11-01-2021 11:09pm

clarsax wrote: »

This one?

https://www.myhome.ie/residential/brochure/72-rice-park-waterford-x91xtt1/4467615#&gid=1&pid=5

Been on couple of months at least and no BER!

You can fix it up fairly fast with insulation. Rock wool and foam in the walls is cheap for the value it gives.
Its well over priced for the market. 160K would be no insult. Throw in an offer and let it sit OP. In a few more months it will look like a common sense offer, maybe even over priced after February.

aaaaaaaahhhhhh · 11-01-2021 11:11pm

clarsax wrote: »

This one?

https://www.myhome.ie/residential/brochure/72-rice-park-waterford-x91xtt1/4467615#&gid=1&pid=5

Been on couple of months at least and no BER!

Yea that's the one, good bit of work to be done to it i.e adding the bathroom, etc

Smouse156 · 11-01-2021 11:48pm

No 65 (similar) sold in 2018 for €150k and the market hasn’t moved much since then, definitely no more than 5%. It’s also only 65sqm so it’s quite small for the price. I’d say fair value is around €155k-€160k.

€179k seems way overpriced!

Smouse156 · 11-01-2021 11:50pm

aaaaaaaahhhhhh wrote: »

No, its in Rice park.
Are you the agent :rolleyes: ....... or owner :D

Neither lol, just trying to help ya out! Hard to do that unless I know the exact one

aaaaaaaahhhhhh · 12-01-2021 12:39am

Smouse156 wrote: »

Neither lol, just trying to help ya out! Hard to do that unless I know the exact one

You think pinewood is a better deal? Houses are abt 40 years old I think.

skooterblue2 · 12-01-2021 12:44am

aaaaaaaahhhhhh wrote: »

Yea that's the one, good bit of work to be done to it i.e adding the bathroom, etc

So you buy it for 160k and 5k for insulation (whole house, rock wool and foam) and another 15k for the bathroom (assuming using proper tradesmen and an extension) So that means the house is worth €180k? I dont think so. This is overpriced for the market, the owner is not desperate to sell and the estate agent has it over priced. If you dont have time to mess with this deal try somewhere else.

skooterblue2 · 12-01-2021 12:47am

aaaaaaaahhhhhh wrote: »

You think pinewood is a better deal? Houses are abt 40 years old I think.

Nothing wrong with a mature estate!! semi detached, lovely back yard with sheds and properly priced for the market to see with only the Aluminium windows to change. Much better priced to sell.

https://www.daft.ie/for-sale/semi-detached-house-1-pinewood-avenue-hillview-co-waterford/2843815

Smouse156 · 12-01-2021 10:31am

aaaaaaaahhhhhh wrote: »

You think pinewood is a better deal? Houses are abt 40 years old I think.

Pinewood is also overpriced. They’re probably pricing off the fact that 49 sold for €170k, however, that unit had an extension off the side. I would say that is only worth €150-€160k.

There is one in Sherlock Walk that seems best priced (also €179k), however, I am not familiar with Waterford at all. I’m only estimating based on similar sales and unit sizes.

aaaaaaaahhhhhh · 12-01-2021 3:47pm

What are your thoughts on this place?

https://www.daft.ie/for-sale/semi-detached-house-54-carn-glas-way-gracedieu-co-waterford/2627414

Its seems like a real attractive place especially with the 3(possibly 4 floors if you convert the attic)

brisan · 12-01-2021 5:57pm

clarsax wrote: »

This one?

https://www.myhome.ie/residential/brochure/72-rice-park-waterford-x91xtt1/4467615#&gid=1&pid=5

Been on couple of months at least and no BER!

You can report the advert
BER tbc is not legal
All property ads must have a BER RATING and a BER number attached

Smouse156 · 12-01-2021 10:18pm

aaaaaaaahhhhhh wrote: »

What are your thoughts on this place?

https://www.daft.ie/for-sale/semi-detached-house-54-carn-glas-way-gracedieu-co-waterford/2627414

Its seems like a real attractive place especially with the 3(possibly 4 floors if you convert the attic)

Can’t open link! Describe please, price, name so I can check it

skooterblue2 · 12-01-2021 10:24pm

Smouse156 wrote: »

Can’t open link! Describe please, price, name so I can check it

54 Carn Glas, Just outside Waterford city. ASking price 209k. No 54 Carn Glas Way

Its on the waterford banks of the suir up river. Has a town bus Route (still think you would need a car). Still greenfields. New build of about 12 years ago.
5 Beds 4 bathrooms. Looks like a new build townhouse in the country side.

Nice paved yard out the back, could be converted back to a Garden.

pooch90 · 13-01-2021 6:50pm

For what it's worth, I currently live in a 3 storey house like that and it's a pain in the a*** living over 3 floors. Always terrified of the kids going flying.

Smouse156 · 13-01-2021 10:39pm

skooterblue2 wrote: »

54 Carn Glas, Just outside Waterford city. ASking price 209k. No 54 Carn Glas Way

Its on the waterford banks of the suir up river. Has a town bus Route (still think you would need a car). Still greenfields. New build of about 12 years ago.
5 Beds 4 bathrooms. Looks like a new build townhouse in the country side.

Nice paved yard out the back, could be converted back to a Garden.

Hard to say, 122sqm is the size of a 3-bed house so it must be a very tight 5-bed!
In terms of price, number 13, a smaller unit over 2 floors achieved €144k last month so I wouldn’t say they’re miles off. Probably worth 190k

skooterblue2 · 13-01-2021 10:50pm

Smouse156 wrote: »

Hard to say, 122sqm is the size of a 3-bed house so it must be a very tight 5-bed!
In terms of price, number 13, a smaller unit over 2 floors achieved €144k last month so I wouldn’t say they’re miles off. Probably worth 190k

Another thing is "Waterford". Its a tough place to get a job unless you are family or in some sort of clique. Limited career and education opportunities due to history with industry. That is what limits house prices in Waterford.

Smouse156 · 13-01-2021 10:54pm

skooterblue2 wrote: »

Another thing is "Waterford". Its a tough place to get a job unless you are family or in some sort of clique. Limited career and education opportunities due to history with industry. That is what limits house prices in Waterford.

Probably the only county in the country with “value for money” in relation to houses

KaneToad · 13-01-2021 10:57pm

Caranica wrote: »

When we were selling we got one offer that was clearly insulting (from a neighbour) and I refused to take any further offers from them. Depends on how desperate the seller is to sell.

Bad move on your part. It's a business transaction, that's all. They don't care that it's your much loved home.

They could have eventually offered many multiples of the asking price.

NSAman · 13-01-2021 11:04pm

aaaaaaaahhhhhh wrote: »

How do I approach this? Would I upset the seller by going say 10% lower?

There isnt alot wrong with the house but there is a good bit to be done i.e. build bathroom downstairs(theres only one in the 3 bedroom house), take out oil and put in gas, add insulation etc.

You have got to be kidding ... Right?

You ALWAYS haggle the sales price.

It is a negotiation. You drop they price, if seller is in strong position they say F*** Off... if they are not, then there is a bargain to be had.

NEVER offer the full price. Too many people do not bother negotiating.

I have never paid the asking price for any property... ever. I do my research check comps and then haggle like mad. If you want it be prepared to pay full ask. If you can feign indifference start a haggle.

Money is ALWAYS better in your pocket than in someone elses.

skooterblue2 · 13-01-2021 11:40pm

Smouse156 wrote: »

Probably the only county in the country with “value for money” in relation to houses

yes, true and in everything else not so much. I never had any family ties when I was there. I used to live next to the park in a fantastic apartment but couldnt get a job. You need balance. The Polar opposite of Waterford is Dublin but the housing is out of control.

skooterblue2 · 13-01-2021 11:41pm

KaneToad wrote: »

Bad move on your part. It's a business transaction, that's all. They don't care that it's your much loved home.

They could have eventually offered many multiples of the asking price.

True but Time is also money. Dont waste your time with people who arent serious about buying or just chancing their arm.

Caranica · 13-01-2021 11:45pm

skooterblue2 wrote: »

True but Time is also money. Dont waste your time with people who arent serious about buying or just chancing their arm.

Or, as in this case, the would be purchaser is a d*ck. It was absolutely the right call, the benefit of hindsight validates that position.

skooterblue2 · 13-01-2021 11:56pm

Caranica wrote: »

Or, as in this case, the would be purchaser is a d*ck. It was absolutely the right call, the benefit of hindsight validates that position.

Exactly! you are going to spend sleepless nights awake if the prospective buyer is going to up their offer by 10 grand so you can get onto the next step of your life? Dont waste valuable time entertaining people who dont respect you.

You know what a house is worth so offer 5-10% lower and see how they respond. See where you meet. No point in try to haggle with someone who has over valued their property and isnt prepared to sell.

You need balance.

pooch90 · 16-01-2021 12:02am

Funnily enough after following and commenting on your thread, I have found myself in a similar situation!

House has been on the market since September at least at 325K.
EA says it had a sale fall through at 345, I'm not sure if that's since September or before.
No other bids on it, vendors divorcing.
Comparable properties sold for less on PPR this year.

Our actual budget is about 270 at a push right now.
Could potentially get another bit from parents. Could chance an exemption?

OH reckons we throw in an offer in a week or two at 250 and see what happens ie negotiate up to X.
I'm just wondering would they just tell us to F off or engage in a bit of to and fro.

What do you reckon?

Squatman · 16-01-2021 12:07am

Del2005 wrote: »

Putting in a new bathroom is not the sellers problem, they are selling a 3 bed 1 bath, so you can't really reduce that from the offer. If you think it's worth €240k you can't drop off €10k for a bathroom. You have to offer €240k and then do your improvements.

no you dont. you can actually ...... drumrolll.... offer whatever you want to offer

skooterblue2 · 16-01-2021 11:16pm

Squatman wrote: »

no you dont. you can actually ...... drumrolll.... offer whatever you want to offer

You need a balanced approached to bidding. Yes the market does decide most of the price. The seller has to price his property with 5% for the market average with a comparable house. Too high and it wont sell, too low and he sells short. Both parties have to be honest how much a house is and how much has to be paid and how much associated maintenance has to be done.

A serious bidder will always be coming inside of 90% of what it is worth. Someone bidding at 75% is not serious and is just messing with your head. Life is too short to be wasting on people who have no real intention of buying or just dreamers.

Now if you will excuse me I am going to offer 100k on a 4 bedroomed house in Dublin 4.

skooterblue2 · 16-01-2021 11:20pm

pooch90 wrote: »

Funnily enough after following and commenting on your thread, I have found myself in a similar situation!

House has been on the market since September at least at 325K.
EA says it had a sale fall through at 345, I'm not sure if that's since September or before.
No other bids on it, vendors divorcing.
Comparable properties sold for less on PPR this year.

Our actual budget is about 270 at a push right now.
Could potentially get another bit from parents. Could chance an exemption?

What do you reckon?

Cant say without seeing the house.
There is a possibility one or both parties are dreaming. EA will tell you anything he thinks you are stupid enough to believe, that is his job to sell the house at the highest price.

killbillvol2 · 17-01-2021 4:16am

KaneToad wrote: »

Bad move on your part. It's a business transaction, that's all. They don't care that it's your much loved home.

They could have eventually offered many multiples of the asking price.

Really? Many multiples of the asking price? I don't think you know what multiples are.

pooch90 · 17-01-2021 10:05am

skooterblue2 wrote: »

Cant say without seeing the house.
There is a possibility one or both parties are dreaming. EA will tell you anything he thinks you are stupid enough to believe, that is his job to sell the house at the highest price.

Haha, that's very true! I don't want to share the house online. But its in a rural area outside a village. Demand wouldn't be very high in the area for commuting etc. Majority of houses selling are in the mid 200s. It's a high spec 4 bed house, fully turn key with a lot of potential to convert attic into another 3 or 4 bedrooms.

killbillvol2 · 17-01-2021 2:05pm

skooterblue2 wrote: »

54 Carn Glas, Just outside Waterford city. ASking price 209k. No 54 Carn Glas Way

Its on the waterford banks of the suir up river. Has a town bus Route (still think you would need a car). Still greenfields. New build of about 12 years ago.
5 Beds 4 bathrooms. Looks like a new build townhouse in the country side.

Nice paved yard out the back, could be converted back to a Garden.

That's a nice house but it's a long way from the river bank. And the EA's interpretation of walking distance is pretty generous.

Can you upset a seller where they write you off

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