How long until I get the first offer on my house

ilias · 28-09-2020 6:04pm #1

Hi all,

I would really appreciate some insight on my current situation.

I put my house up for sale 2.5 weeks ago. Since then it had 3k views on daft and 3 open viewings with 29 different people in total. The agent tells me that those are good numbers but that people usually take their time to make an offer and usually don't want to be the first to make one so they wait.

It's a nice 4-Bed family oriented house in Dublin 7. It has many great features and can well compete in terms of it's value and asking price with what I see on the market currently, for D7 at least. On top of that the volume of available houses is tiny currently.

Yet I have no offer till now which starts making me worried because when I was house hunting myself years ago and I liked a property, I would make an offer within 1-2 days of the viewing.

Maybe I am the exception and people usually take their time or you think I should be getting offers by now?

Thanks a lot.

MrMusician18 · 28-09-2020 6:08pm

ilias wrote: »

Hi all,

I would really appreciate some insight on my current situation.

I put my house up for sale 2.5 weeks ago. Since then it had 3k views on daft and 3 open viewings with 29 different people in total. The agent tells me that those are good numbers but that people usually take their time to make an offer and usually don't want to be the first to make one so they wait.

It's a nice 4-Bed family oriented house in Dublin 7. It has many great features and can well compete in terms of it's value and asking price with what I see on the market currently, for D7 at least. On top of that the volume of available houses is tiny currently.

Yet I have no offer till now which starts making me worried because when I was house hunting myself years ago and I liked a property, I would make an offer within 1-2 days of the viewing.

Maybe I am the exception and people usually take their time or you think I should be getting offers by now?

Thanks a lot.

Open viewings are a waste of time. You'll get all sorts of tyre kickers. How many follow up viewings?

JeffKenna · 28-09-2020 6:10pm

How did you have open viewings with the restrictions in Dublin?

28-09-2020 6:11pm

JeffKenna wrote: »

How did you have open viewings with the restrictions in Dublin?

Its a business, not a social event

ilias · 28-09-2020 6:12pm

They do it in slots, there might be 12 people that come to visit the house but they are only allowed in 2-3 at a time which is based on the regulations from what the agent told me

JeffKenna · 28-09-2020 6:13pm

Ah, more interested than anything else. thanks and best of luck with the sale.

ilias · 28-09-2020 6:14pm

MrMusician18 wrote: »

Open viewings are a waste of time. You'll get all sorts of tyre kickers. How many follow up viewings?

I am afraid of that too, but I dont think I can force the agent to do private viewings, would also be too complicated as I still live in the house. Had 2 people that brought back their partner. One said it's a no, the other couple still to answer

wench · 28-09-2020 6:18pm

That seems like a slow start.
My friend is selling similar. First viewing last Monday, three offers in so far.

Dolbhad · 28-09-2020 8:32pm

I’m not in the Dublin market but found Cork sometimes can be a bit slow to start but it’s more waiting for the first person to put in the first offer under asking and then the other offers come in.

But you do need to consider the asking price. Is it fair and realistic for the property? Or is it on the high side? If so, I would say lower it and get more viewers in and bids started.

michellie · 28-09-2020 9:20pm

Ours is on the market 2.5 weeks, we've had about 9 viewings and one offer (19k below the asking price)

Had 2 viewings late this evening so I will hear from the EA tomorrow morning hopefully.

I'm in the south. Like you, I too am worried as all the houses around here lately seem to go sale agreed fast. I just hope we get the asking price.

ted1 · 28-09-2020 9:44pm

Maybe you set the price to high, our you presented it badly

Electronic Writer · 29-09-2020 2:30am

ilias wrote: »

Hi all,

I would really appreciate some insight on my current situation.

I put my house up for sale 2.5 weeks ago. Since then it had 3k views on daft and 3 open viewings with 29 different people in total. The agent tells me that those are good numbers but that people usually take their time to make an offer and usually don't want to be the first to make one so they wait.

It's a nice 4-Bed family oriented house in Dublin 7. It has many great features and can well compete in terms of it's value and asking price with what I see on the market currently, for D7 at least. On top of that the volume of available houses is tiny currently.

Yet I have no offer till now which starts making me worried because when I was house hunting myself years ago and I liked a property, I would make an offer within 1-2 days of the viewing.

Maybe I am the exception and people usually take their time or you think I should be getting offers by now?

Thanks a lot.

I've moved house a few times and the house will sell when the house sells. Daft numbers are just window shopping , I looked at over 1000 daft properties , no doubt , before I moved to where I am now .

Judge things in a year .

kravmaga · 29-09-2020 2:21pm

ilias wrote: »

Hi all,

I would really appreciate some insight on my current situation.

I put my house up for sale 2.5 weeks ago. Since then it had 3k views on daft and 3 open viewings with 29 different people in total. The agent tells me that those are good numbers but that people usually take their time to make an offer and usually don't want to be the first to make one so they wait.

It's a nice 4-Bed family oriented house in Dublin 7. It has many great features and can well compete in terms of it's value and asking price with what I see on the market currently, for D7 at least. On top of that the volume of available houses is tiny currently.

Yet I have no offer till now which starts making me worried because when I was house hunting myself years ago and I liked a property, I would make an offer within 1-2 days of the viewing.

Maybe I am the exception and people usually take their time or you think I should be getting offers by now?

Thanks a lot.

Have you a link to the property, if you have had that many viewings, you should have had offers within a day or two after the viewings.

Your EA should be vetting the viewers, you will always get a few test pilots/ tyre kickers in the mix.
Usually you will get an investor in the mix to low ball you on the asking price, there are a lot of folks who will be running out of time on there mortgage approval(6 months usually).

You have a short sales space between now and Mid December when the market closes for Xmas.

Btw does the house need substantial investment to bring it up to modern spec, energy rating etc?

theteal · 29-09-2020 2:24pm

Is it not normal to have at least a 2nd viewing before putting an offer in?

billybonkers · 29-09-2020 3:06pm

theteal wrote: »

Is it not normal to have at least a 2nd viewing before putting an offer in?

Loads of offers coming in for first time viewings at the moment as there is a supply shortage

MildThing84 · 29-09-2020 3:16pm

If its the house in McKee Park, it's a cracker but it is still a lot of money for somebody to part with. It will be a long burner and will attract a smaller pool of people given the asking price.

Lift and move the house 2km towards Kilmainham and you'd have it sold by now

29-09-2020 3:22pm

Have a good look at the ad on Daft. Or have a friend do it for you, to see if the pictures used are good enough to draw people in.

Frankly the majority of pics I see used to sell homes are awful. Make sure you present the best picture first, so its what people see to pique their interest.

If you have a beautiful garden, use that, a beautiful kitchen same thing. Dont lead with pic of smallest bedroom, if you follow me. People wont be interested enough.
Make sure counter tops are as uncluttered as possible. Make sure bathroom is sparkling, Bleach the toilet, the amount of dirty toilets I have seen is ads

Its awful and is extremely off putting. Clean bath and shower and also taps, so they are shining.
Tidy up the garden, cut grass, pick up leaves and if you have weeds coming through concrete, remove them.
Highlight the good features that you mentioned

Try to declutter the house as much as humanly possible whilst still living there. Difficult I know. But make the house look as large and uncluttered and airy as possible. Dont use any pictures taken at night time of the indoors.

Take new pics and add to site, see if it helps draw people in. Keep in close contact with agent. Many of them are slow to respond and this can also lose perspective buyers. They just move on to the next house or viewing.

Good luck

kravmaga · 29-09-2020 3:44pm

theteal wrote: »

Is it not normal to have at least a 2nd viewing before putting an offer in?

No, Ive had offers after a 1st viewing previously.

Lux23 · 29-09-2020 9:00pm

I am guessing you are at the higher end of the market for Dublin 7 and maybe people are expecting houses at that level will fall in price over the next few months? It's just a guess, but I have one or two mates that have a budget of 450/500k and looking to move to Cabra/Navan Road/Stoneybatter etc. but they have changed their minds on extending themselves and are just keeping an eye on the market in case they are lucky with someone eager to sell.

Banks are tightening their rules too.

charlietheminxx · 30-09-2020 11:55am

MildThing84 wrote: »

If its the house in McKee Park, it's a cracker but it is still a lot of money for somebody to part with. It will be a long burner and will attract a smaller pool of people given the asking price.

Lift and move the house 2km towards Kilmainham and you'd have it sold by now

If it is this house, and I don't know if it is - it has so much going for it and I adore the kitchen/dining area, BUT I would have some concerns about the attic conversion based on the photos. It appears that the ceiling and wall there are stained? Any potential issues with roof leaks would be a red flag or dealbreaker for many.

Lux23 · 30-09-2020 4:15pm

If it is the same one, I looked at it last night and it looks a bit 'lived in'! I would find that off-putting!

MildThing84 · 06-10-2020 9:29am

Lux23 wrote: »

If it is the same one, I looked at it last night and it looks a bit 'lived in'! I would find that off-putting!

How are houses supposed to look? What does "lived in" even mean in this context?

I'd much rather see a house in it's true form (and might i add it looks great) than a showhouse that is vain and artificial.

Littleredcar · 07-10-2020 7:09pm

Any luck yet I’m on market two weeks one offer under value from investor

ted1 · 07-10-2020 7:11pm

MildThing84 wrote: »

How are houses supposed to look? What does "lived in" even mean in this context?

I'd much rather see a house in it's true form (and might i add it looks great) than a showhouse that is vain and artificial.

You might , however you would offer more for one presented right. Weather you know it or not.

michellie · 07-10-2020 10:56pm

theteal wrote: »

Is it not normal to have at least a 2nd viewing before putting an offer in?

We've had a load of viewings, had someone view for a 2nd time on Monday she needed more time... Had someone ring for a viewing this morning, he viewed this afternoon and he made an offer on the spot. 4 weeks on the market tomorrow.(EA also said she got an email from some fella who never viewed or asked to view with an offer 30k below the asking price

)

Mitzy · 08-10-2020 1:21pm

MrMusician18 wrote: »

Open viewings are a waste of time. You'll get all sorts of tyre kickers. How many follow up viewings?

I agree. I was selling a house last year & the estate agent would only do open viewings. He was arranging them in the area & would have another property to show about 30 minutes later so was effectively shepherding potential purchasers all around the place.

How can anyone view a property they want to spend a few hundred thousand in that time? I ended up switching to a different agent as a result.

I think if viewings are on appointment only you will be able to filter out people who are really interested in the house.

Starlord_01 · 08-10-2020 1:40pm

Hi probably the wrong thread to put this in but sure.

My girlfriend and I are viewing a house on Monday, from the photos we really like it and hopefully when we view it, that won't change.

It's been up since mid-August I think and has dropped 15k since then. The vibe we are getting off the EA is that there isn't much interest in it and the sellers want a quick sale (separation issues

).

Would putting a bid in at the viewing be too keen?

Littleredcar · 08-10-2020 2:14pm

If you want it put a bid in. Being too keen playing it cool no real point . Pick a price your willing to pay and bid it

Lux23 · 08-10-2020 2:44pm

I think I would leave first and then ring back, but that is just me!

Starlord_01 · 09-10-2020 8:24am

Littleredcar wrote: »

If you want it put a bid in. Being too keen playing it cool no real point . Pick a price your willing to pay and bid it

Lux23 wrote: »

I think I would leave first and then ring back, but that is just me!

Thanks for the advice.

AngryLips · 09-10-2020 9:20am

Mitzy wrote: »

I agree. I was selling a house last year & the estate agent would only do open viewings.

How can anyone view a property they want to spend a few hundred thousand in that time? I ended up switching to a different agent as a result.

I think if viewings are on appointment only you will be able to filter out people who are really interested in the house.

I think ruling out open viewings is a mistake. I bought my house by exclusively doing open viewings. You're probably missing out on a large chunk of the market by not doing open viewings. For me, I wanted to be able to shop around without the commitment of arranging individual appointments. I would never arrange a private viewing without first having seen the place in an open viewing to be honest. Maybe it's different between city and country though.

How long until I get the first offer on my house

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