€210,000 house in North Dublin - is a bid of €190,000 too low?

If anything I'd say that's too high for an opening bid, depending on the area and what price similar houses are going for.

id go 170 first

tigershould wrote: »

In a similar vain....

I've seen a house in N Dublin which was on sale for €400k last year, then it dropped to €350k, it went sale agreed in October and then was removed from daft. So i thought it was sold.

It's now come back on the market with a new EA at €350k and I'm thinking about chancing my arm. Edit:(with a cheeky bid of €280k))

any advice on what to bid?

I haven't viewed it but it ticks all the boxes from what I can see. Cheers

There's no harm in putting in a bid of €280k but expect it to be refused. What you're hoping for is that the EA will say something along the lines of 'vendor was hoping to get closer to €330k' or something like that, which then becomes the 'new' asking price and you go from there...

with a refused sale at €350 the vendors are a sitting duck, with prices falling they are at the mercy of the buyers, i would try the €285 adding a request for the reason for the sale falling thro, also i would ask for the failed buyers details.

which is why i said get the detials of the guy who failed to buy, he will answer your questions the e.a.s will not.

ask ask ask, keep asking its your dosh, i know that when one gets interested in anything new, common sense flys out the window, so ask ask ask, there has to be a legitimate reason the deal fell thro, when you get an answer it may not be a straight answer, so disect it, they want, more than likely need, your money, so they may be economocial with the truth.

Koala14 wrote: »

Just an update on this-house went in 3 weeks for 205k-Dub property market defineitely on the up!

But 205 is lower than the asking price

How do you expect price crash, if buyers gives what the seller wants?
I did my homework, and 30% 'discount' is not so uncommon, so ....
Prices are rising at the moment, so not surprised by this development.

It depends, mainly, on the timing.

We bought in 2010 30% below the asking price. Today however it seems, for the most part, bidding significantly below the asking price does not work, and that people in many cases are out bidding each other above the asking price.

The notion of a 'buyers market' is rapidly changing. I can say that it certainly was a buyers market in 2010, but with such limited supply of suitable housing in Dublin at present the advantage of being a buyer over a seller is even, if not in the sellers favour.

lima wrote: »

Maybe people are now being realistic about what price to sell their property for, because of the property price register. hmm?

What ever the reason for asking prices the advice here proved inaccurate. I doubt many of the advice people have bought many houses or know anything and are just guessing

coolemon wrote: »

It depends, mainly, on the timing.



The notion of a 'buyers market' is rapidly changing. I can say that it certainly was a buyers market in 2010, but with such limited supply of suitable housing in Dublin at present the advantage of being a buyer over a seller is even, if not in the sellers favour.

failure by the banks to reposes (not allowed by the law) has resulted in 1000s of houses being kept off the market that in any other society would be on the market and have the effect of keeping supply steady instead of stifled.

the refusal to reposes or inability in law to do so has restricted supply so much, that the main beneficiaries are........yes you guessed it........the banks........who get people to borrow more than they would otherwise need to in a functioning market.

biggest loser is the buyer.

but the repos will start this year........and if bailout 2.0 happens then perhaps the market may be allowed to function in the name of free market economics and not rigged by govt, nama, banks to the detriment of buyers.