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First Offer Price?

dubbegoode · 2011-11-03 14:05:58

I am thinking of buying a house in the south dublin area but to be honest as previous threads have said the prices quoted on some websites are totally unrealistic- people still living in boom time mentality. So my question is: Is there any rule of thumb for placing a first offer against a guide price? ie 80%? 70% I am sure…

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03-11-2011 3:05pm

#1

dubbegoode

Registered Users Posts: 17 ✭

Join Date: June 2009

Posts: 12

I am thinking of buying a house in the south dublin area but to be honest as previous threads have said the prices quoted on some websites are totally unrealistic- people still living in boom time mentality.

So my question is: Is there any rule of thumb for placing a first offer against a guide price? ie 80%? 70%

I am sure this is the $64K question but I'd be grateful for any help.

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#2 03-11-2011 3:12pm
zac8

Registered Users Posts: 530 ✭✭✭

Join Date: May 2007

Posts: 476

Find out what similar properties rent for in the area. Easily done on daft.ie - make sure you include "Let Agreed" properties in your search. Multiply that monthly rent by 200. That should be the most you offer. No doubt they'll laugh at you but that represents a 6% gross yield.

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#3 03-11-2011 10:06pm
Slydice

Registered Users Posts: 10,501 ✭✭✭✭

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Posts: 9960

it depends on the house.

have you got a link to it?

I doubt posting the link here would be detrimental to your bidding process.

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