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How much did you get off the selling price?

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  • 17-05-2009 9:12pm
    #1
    jeepers101
    Registered Users Posts: 707 ✭✭✭


    I'm putting in an offer on a second hand house in the coming days. Its listed at 340k and I'm wondering how cheeky I can get. Anybody have any good stories? Please include if it was a new/second hand home and where it is.


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    #2
    Senna
    Registered Users Posts: 8,800 ✭✭✭Senna


    Sellers are still in la-la land with asking prices, so percentage drops from asking is meaningless. If you get a 30% of the prices means nothing if the asking prices is 50% over valued.

    What price would equal;

    Your ability to pay it over 20-25years.
    You can afford the repayments on one wage.
    You can afford it if interest rates are 8%.
    You can afford it if TRS is abolished.
    You can afford it if you lose 20% of your wages over the next 5 years.
    You have a 20% deposit.

    If you have a rock stable job, can get the house for a price considering the above and will live in it for the next 15-20 years, then go right ahead and buy it.


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    #3
    guideanna
    Registered Users Posts: 492 ✭✭guideanna


    "20% deposit" what are you on about...why would you need that much?


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    #4
    heebusjeebus
    Registered Users Posts: 3,783 ✭✭✭heebusjeebus


    I got 15 percent off the asking price of my purchase, a second hand property.


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    #5
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    Senna wrote: »
    Sellers are still in la-la land with asking prices, so percentage drops from asking is meaningless. If you get a 30% of the prices means nothing if the asking prices is 50% over valued.

    What price would equal;

    Your ability to pay it over 20-25years.
    You can afford the repayments on one wage.
    You can afford it if interest rates are 8%.
    You can afford it if TRS is abolished.
    You can afford it if you lose 20% of your wages over the next 5 years.
    You have a 20% deposit.

    If you have a rock stable job, can get the house for a price considering the above and will live in it for the next 15-20 years, then go right ahead and buy it.

    what are you talking about ?

    All the above related to weather you can afford to buy a certain property or not it has nothing to do with a properties value.

    OP you can ignore the above completly as it has no relevence to house prices.


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    #6
    Fighting Irish
    Registered Users Posts: 7,065 ✭✭✭Fighting Irish


    Worst time to buy


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    #7
    jeepers101
    Registered Users Posts: 707 ✭✭✭jeepers101


    Fighting Irish wrote: »
    Worst time to buy

    One, that's not very helpful and two, how is it a worse time than six months ago?


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    #8
    dazzerb
    Closed Accounts Posts: 156 ✭✭dazzerb


    did you see this?

    "What Dublin buyers are really paying - http://www.irishtimes.com/newspaper/property/2009/0507/1224246048049.html"

    you have nothing to lose by making a silly offer.


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    #9
    Fighting Irish
    Registered Users Posts: 7,065 ✭✭✭Fighting Irish


    jeepers101 wrote: »
    One, that's not very helpful and two, how is it a worse time than six months ago?

    before the crash it was fairly stupid to buy but you think its more sensible to buy while prices are dropping?


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    #10
    miju
    Banned (with Prison Access) Posts: 8,486 ✭✭✭miju


    was buying house last year asking for 350k, offered 250k and they accepted within 12 hours. unfortunately sale didnt go through due to me and the missus splitting up


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    #11
    bobbiw
    Closed Accounts Posts: 211 ✭✭bobbiw


    Offer 50% of the selling price.

    You could offer 25% off so if its 400 offer 300.

    Main issue is if the house has been owned for a while. If they bought it in the 70s its different than 2005.

    YOu might think you are getting a deal at 300 but when it falls to 200 you will be kicking yourself.


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