Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Making an offer.....

Options
  • 09-08-2009 11:47pm
    #1
    freddy15
    Registered Users Posts: 38 ✭


    Hello everyone, I'm looking for a general piece of advice.......
    I am a First Time buyer, I have looked at a house thats advertised asking price is 360k, according to estate agent there is bid of 330k.
    Now I have looked at this house twice and am interested, i think agent realises this and has said owner may bite at 335k, and that asking price may soon drop to 345k.
    I want to put an offer in, where should I start off, I am not sure if i believe estate agent when he says there is a bid in!

    I would appreciate any advice!


Comments

  • Options
    #2
    staker
    Closed Accounts Posts: 5,677 ✭✭✭staker


    OP offer him nothing near that, try a hundred grand less at least imo...


  • Options
    #3
    Senna
    Registered Users Posts: 8,800 ✭✭✭Senna


    EA's regularly say there is a bid in, in most cases the bid is fiction, but the amount of the bid is probably a figure the vendor would accept. And if they would accept that, you should be thinking lower (IMO alot lower).
    Best advice is to ignore this bid and put in whatever bid you would be happy to pay.


  • Options
    #4
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    I would offer 300,as you are not in a chain and presumeably mortgage approved.You are in a good position.


  • Options
    #5
    spockety
    Moderators, Education Moderators Posts: 5,468 Mod ✭✭✭✭spockety


    It depends entirely on the house.

    330K would be a bargain on Aylesbury Road, but a bit of a rip off for a 1 bed flat in Meath.

    Have you got a daft or myhome link for the house?


  • Options
    #6
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Yeah, we really need more information before we can advise.

    But based on what you've told us, I would try to figure out what this house would have gotten in 2006, and half it.


  • Advertisement
  • Options
    #7
    ntlbell
    Registered Users Posts: 16,288 ✭✭✭✭ntlbell


    The first thing I would do is advise the EA you won't be matching that offer and to get back to you should the offer fall through.


    expect a call fairly seen after _then_ start working on your bid.


  • Options
    #8
    freddy15
    Registered Users Posts: 38 ✭freddy15


    spockety wrote: »
    It depends entirely on the house.

    330K would be a bargain on Aylesbury Road, but a bit of a rip off for a 1 bed flat in Meath.

    Have you got a daft or myhome link for the house?

    Its a 4 bed semi in walk in condition in Lucan / St Mary's.


  • Options
    #9
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    freddy15 wrote: »
    Its a 4 bed semi in walk in condition in Lucan / St Mary's.

    I'm originally from Lucan- and now back living in St. Mary's again. If you pop a link to the property up on the thread here- I'll give you as good an opinion as I personally can on it.


  • Options
    #10
    freddy15
    Registered Users Posts: 38 ✭freddy15


    smccarrick wrote: »
    I'm originally from Lucan- and now back living in St. Mary's again. If you pop a link to the property up on the thread here- I'll give you as good an opinion as I personally can on it.

    Ok Here goes...

    http://www.myhome.ie/residential/search/brochure/11-esker-lodge-lucan-dublin-co&-city/VGHXP398309


  • Options
    #11
    freddy15
    Registered Users Posts: 38 ✭freddy15


    smccarrick wrote: »
    I'm originally from Lucan- and now back living in St. Mary's again. If you pop a link to the property up on the thread here- I'll give you as good an opinion as I personally can on it.[/QUOT

    Just another queston too...why is there such a distinction between the 3 Lucan parish? I s it solely the school situation?


  • Advertisement
  • Options
    #12
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    freddy15 wrote: »
    Ok Here goes...

    http://www.myhome.ie/residential/search/brochure/11-esker-lodge-lucan-dublin-co&-city/VGHXP398309

    1.- the map on the site is for Edenderry- not Lucan, Co. Dublin

    2. Despite the brochure making a song and dance about St. Mary's Lucan Parish- and the name of the Estate being 'Esker'- its on the far side of the Lucan by-pass- its playing on the Esker name of the estates next to Lucan Heights in the Village itself. Its actually off the Ballyowen Road. It used have its own entrance/exit (via Esker Park) onto the By-Pass- this has been blocked up for some time though.

    3. If you are relying on it being in St. Marys parish (school catchment etc)- you will need to factor that it can take between 15 minutes and a half hour to get to the local schools (Presentation Convent for girls, St. Marys BNS for boys) depending on the time of day.

    4. The pictures of the house do look nice- the prices being mentioned would appear to be aspirational though- and it is part of the sprawl to the south of the Lucan By-Pass (which goes all the way to Liffey Valley in one direction, Clondalkin in another- and the Newcastle Road/Adamstown in yet another direction. There is a vast oversupply of property in the area. If you are expecting a future appreciation in property value- I would not buy here.

    5. It is in actual fact a relatively quiet area- if they open up the entrance/exit onto the by-pass again- it saves you a trip via the Woodies round-about onto the N4- this would be a big plus (I haven't been down that road in a while- its possible that with the completion of the N4 roadworks they may have reopened it- I'm not sure).

    Its a 4 bed, seems to be nicely enough furnished- even if the garden isn't the best. It is stretching the truth making a song and dance about St. Mary's Parish- and its not a traditional house- that you'd expect in the village itself.

    If you're not buying into the whole Lucan Village malarky- and genuinely like the property- and are willing to accept that you are in an urban sprawl- go for it.

    What is a reasonable price? How long is a piece of string? Some of the local estate agents who do property valuations for the banks- will probably tell you what they could get for it- if they had to sell it tomorrow. Its not 300k though.......


  • Options
    #13
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    freddy15 wrote: »
    smccarrick wrote: »
    I'm originally from Lucan- and now back living in St. Mary's again. If you pop a link to the property up on the thread here- I'll give you as good an opinion as I personally can on it.[/QUOT

    Just another queston too...why is there such a distinction between the 3 Lucan parish? I s it solely the school situation?

    Lucan (St. Marys) only really split from Clondalkin in the early 50's and had Balgaddy as a satellite parish.

    There is an interesting history of Lucan here

    At present- its primarily a school matter- but there is also a 'status' associated with the address being St. Mary's Parish- which is the old Lucan parish- and estate agents reckon it adds ~7-8% to property prices.


  • Options
    #14
    freddy15
    Registered Users Posts: 38 ✭freddy15


    smccarrick wrote: »
    freddy15 wrote: »

    Lucan (St. Marys) only really split from Clondalkin in the early 50's and had Balgaddy as a satellite parish.

    There is an interesting history of Lucan here

    At present- its primarily a school matter- but there is also a 'status' associated with the address being St. Mary's Parish- which is the old Lucan parish- and estate agents reckon it adds ~7-8% to property prices.

    Thats great! Thanks for your help. I'll have to read the history book another day!


  • Options
    #15
    freddy15
    Registered Users Posts: 38 ✭freddy15


    Has any one had dealings with EA's in the recent past?


  • Options
    #16
    weatherford
    Closed Accounts Posts: 17 ✭weatherford


    freddy15 wrote: »
    Has any one had dealings with EA's in the recent past?


    Yeah.... nothing good, however!!! :cool:


  • Options
    #17
    freddy15
    Registered Users Posts: 38 ✭freddy15


    weatherford wrote: »
    Yeah.... nothing good, however!!! :cool:

    care to elaborate.....??


  • Options
    #18
    weatherford
    Closed Accounts Posts: 17 ✭weatherford


    Mostly just lying about prices and other offers... showing me farms that aren't really listed or available... listing farms that don't exist (or aren't available)... primarily lying about prices and raising the price ("bids") once they hear my foreign accent. Funny how those same places are STILL on the market...

    There is one agent in my town who ripped off his BUSINESS PARTNER in some RE deal!!! Yikes!


Advertisement