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24-01-2020, 19:37   #46
givyjoe
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Whether you like it or not, the owners of those properties are willing to wait until the right offer comes. It may never come, but that is their choice, unless it is outlandishly priced, odds are they have a reasonably good chance of eventually selling.
Whether you like it or not, if the no one is willing to meet the sellers asking price, then it isn't worth the asking price. Jesus wept, it's not complicated.
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24-01-2020, 19:40   #47
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Whether you like it or not, if the no one is willing to meet the sellers asking price, then it isn't worth the asking price. Jesus wept, it's not complicated.
That’s the way it goes with property sales. Some sellers have no time limit and are willing to wait.
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24-01-2020, 19:42   #48
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That’s the way it goes with property sales. Some sellers have no time limit and are willing to wait.
By willing to wait, do you mean until prices rise and eventually their house is actually worth what they are willing to accept? Again, if no one is meeting the price, then it isn't worth the price they want AT THAT TIME.
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24-01-2020, 19:46   #49
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By willing to wait, do you mean until prices rise and eventually their house is actually worth what they are willing to accept? Again, if no one is meeting the price, then it isn't worth the price they want AT THAT TIME.
Pretty much, the last three words are the most pertinent, for some sellers who aren’t under pressure to sell, there is no “at that time”, they can wait indefinitely.
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24-01-2020, 19:48   #50
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There is greed involved.


If a house is reasonbly priced, a seller would be able to sell/liquidate the house reltively quick..a week to a month.


How does one gauage the value of a house.. we see what other prices houses sold in that area...compare the size.... estimates of work that has to be done.


Though there is premium one houses where location is good, if the house is in turnkey conditon. However I have seen houses that needs to be gtted be priced at an astronomical rate.


A house priced well will shift quickly....


Houses on the market for over 3months or so are either not being priced correctly or owners really don't want to sell.

If they get the price or close to it eventually its just good business.

If you sell it fast it's too low. The average is something like 7 months.
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24-01-2020, 19:50   #51
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Pretty much, the last three words are the most pertinent, for some sellers who aren’t under pressure to sell, there is no “at that time”, they can wait indefinitely.
And prey tell.. what are they waiting for...?! The price that their property isn't worth NOW! NOW being the most pertinent word.
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24-01-2020, 19:53   #52
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And prey tell.. what are they waiting for...?! The price that their property and isn't worth NOW! NOW being the most pertinent word.
NOW NOW, might be important to you, that does not mean it is important to the seller.
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24-01-2020, 20:06   #53
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NOW NOW, might be important to you, that does not mean it is important to the seller.
Jesus Christ.. please for the love of God, can you tell you us in your own words how you determine what the value of a house, or any asset is?
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24-01-2020, 20:09   #54
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I would really only be familiar with house sales and purchases in the greater Dublin area, so this may not apply in other parts of Ireland. However, houses that have been on the market for an extended period of time are viewed with suspicion by prospective buyers. There is an assumption that there must be something wrong with it if it hasn't sold yet, so buyers avoid bidding on it and look at / bid on other properties instead. Or if they do decide to bid on that house, they probably won't be willing to bid as much. Leaving your house languishing on the market waiting for the "right" offer can be extremely risky imo. It may be a seller's prerogative to do so, but it can really cost them in the long run.
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24-01-2020, 20:50   #55
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I would really only be familiar with house sales and purchases in the greater Dublin area, so this may not apply in other parts of Ireland. However, houses that have been on the market for an extended period of time are viewed with suspicion by prospective buyers. There is an assumption that there must be something wrong with it if it hasn't sold yet, so buyers avoid bidding on it and look at / bid on other properties instead. Or if they do decide to bid on that house, they probably won't be willing to bid as much. Leaving your house languishing on the market waiting for the "right" offer can be extremely risky imo. It may be a seller's prerogative to do so, but it can really cost them in the long run.

None of this is true.

You dont need to have you house sold in X months or you are suddenly into the "too long on market bracket". House at a certain clip will sell quicker because First Time buyers etc will snap them up. Higher value houses will stay on market longer because it is a smaller market buying these houses.

When I bought my most recent house I wasn't looking at how long it was on market to see if I should or shouldn't bid on it.

Any decent buyer should be getting a survey done etc so I don't see why they would be suspicious.

P.S I live in Dublin area
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24-01-2020, 21:10   #56
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Just found this article from a year ago. Confirmation of a lot of what has been discussed in this thread.

https://www.irishtimes.com/news/irel...says-1.3775106

Home-owners’ “excessive and unrealistic expectations” about the price their properties are worth will be the biggest block to closing sales this year, according to a report published this morning.

Research from the Society of Chartered Surveyors Ireland (SCSI) says that overly-optimistic expectations is the primary reason why properties are now failing to sell.

Indeed, unrealistic prices are now a bigger problem to closing deals than any difficulties buyers have in obtaining mortgages or sellers have in finding other homes to live in.
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24-01-2020, 21:38   #57
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Jesus Christ.. please for the love of God, can you tell you us in your own words how you determine what the value of a house, or any asset is?
There is no need to get so emotional about this. There is no set value on a property. Different people put different values on different properties. One buyer may be willing to pay more for a property due to needs, location, family etc than another. I might place more value on a house than you might because I want it. It is all down to perspective and timing. You can’t force someone to sell at the price you want them to.

The value of an asset is the highest price someone is willing to pay, and accepted. Whenever that may be.

Last edited by Dav010; 24-01-2020 at 21:42.
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24-01-2020, 21:42   #58
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I saw 2 houses, same estate, same agent. Back facing different directions, one house was completely renovated, ready to move in, asking 430k
The other had slightly bigger kitchen extension, but needed complete renovation, at least 60-80k I would think, asking 435k
Agent said the vendors want the asking or very close to it, won't drop the price.
The ready to go house went sale agreed in weeks, the 2nd one is still on, 6 months later.
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24-01-2020, 21:49   #59
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Looked at a house around June. We liked it but asking was 25k over what’s its worth as there was a dodgy extension that needs to be fixed. We put in the offer of 25k under asking. Was told seller expects more than asking. Is still listed as up for sale still at same price. Still no offers as I’ve checked but seller is willing to wait it out but house is empty and a mortgage on it.

I’ll admit this year I’ve seen some really cheeky prices ie a three bed semi going for same price as a 4 bed semi in same estate. And whereas 4 bed semi is rightly price and I expect it to go quickly, the 3 bed will be sitting there.
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24-01-2020, 21:50   #60
givyjoe
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There is no need to get so emotional about this. There is no set value on a property. Different people put different values on different properties. One buyer may be willing to pay more for a property due to needs, location, family etc than another. I might place more value on a house than you might because I want it. It is all down to perspective and timing. You can’t force someone to sell at the price you want them to.

The value of an asset is the highest price someone is willing to pay, and accepted. Whenever that may be.
And if no one is willing to pay the price the seller wants, what does that tell you? It's fairly simple.
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