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House for sale @€265,000. What should we offer?

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Comments

  • #52
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Pkiernan wrote: »
    Offer €265,000.

    You will get the house if you offer this.
    Keep it constructive.

    While the price may not be exceeded by anyone else, getting a mortgage on it may prove impossible.


  • #53
    engineermike
    Users Awaiting Email Confirmation Posts: 280 ✭✭engineermike


    smccarrick wrote: »
    Damn good question.......
    They still haven't agreed on the equation to figure how to determine property taxes- Urban based TDs want it done on a size basis- Rural TDs want it done on a value basis. Still up in the air.......

    A rural property has more to worry about with Septic tank PETS assessment - and possible remedial works if issues exist with the system in place, the property tax / rates & water metering all still mostly unknowns .....
    :confused:


  • #54
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Any update OP? Did you put in an offer?


  • #55
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Lorrainbo wrote: »
    http://www.daft.ie/searchsale.daft?id=564424

    Here is link to view the house.

    Nice house but lets call a spade a spade; Donegal is not in an area where there is a high demand for housing. On daft.ie there's 3,190 houses for sale in Donegal, of which 439 have 5 beds or more. There's also a further 577 properties for rent of which 36 of them have 5 beds or more. I think you see where this is going.... Crazy for a county with c100k residents and c20% unemployment. The market outside of the big cities won't be recovering anytime soon.

    If you want my 2c.... I'd divide by 3 and start from there. Even at a rent of say 800 p.m (which is prob far too much), this property would have an economic worth of 96k (800 x 12 x 90% / 9% rent yield * 100). What I will say is don't get emotionally attached because once you do you'll be taken to the cleaners.


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