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Bidding on house

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  • 18-04-2016 3:04pm
    #1
    eden01
    Registered Users Posts: 3 ✭


    Hiya,

    I feel a bit stupid posting this but....

    I foolishly went and viewed a house last week that is a good bit over my budget & I fell in love with the house and now would like to make an offer but don't want to be laughed out of the auctioneers office. This is my 1st time bidding on a house and wonder is there a percentage below the asking that is acceptable?

    The house has been taken back by the banks and the asking is 350k the max I could offer would be 290k maybe 295k at a push. There are currently no offers on it.

    As a side note if my offer is rejected when bidding in the future should I up my bid or wait, am I just bidding against myself.


    Any advice would be appreciated.
    Thanks in advance :-)


Comments

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    #2
    tuisginideach
    Registered Users Posts: 2,072 ✭✭✭tuisginideach


    Bid whatever you like - they can only say that the bid won't be accepted. The biggest problem will be the banks - they may prefer to leave the house to rot than to allow the owner to sell it below their €350K.


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