Hi All,
Myself and my missus are in a good position to purchase a semi-rural mayo house. It's near to westport and has been on the market for about 2.5 years. It has had one price reduction just over a year ago from 350k to 325k. We viewed it initially last December and at that stage hadn't sold our Dublin house. We liked it immediately.
In the meantime, we sold our dublin property (broke even), moved into a rented property in westport to see if we liked the area and kind of put searching off 'til closer to the end of our lease.
The time is nigh, so we have arranged a new viewing of the property, which has, by the estate agents asmission, received no viewings and/or offers and is pretty much stale on the market.
I have looked into the 2003/4 price regions for the type of property and area etc. and the asking price would have been about 190 - 210k..... I am certain this is where asking prices are headed as that was a more natural house price level at that stage before the madness ensued...
I have offered 200k and the estate agent basically laughed at me and said that this offer was plainly ridiculous.
Am I way off the mark here?? I really, genuinely don't think I am.... Of course the vendors don't need to accept but is the offer wrong??
Opinions welcome please!!
Thanks for reading!
Myself and my missus are in a good position to purchase a semi-rural mayo house. It's near to westport and has been on the market for about 2.5 years. It has had one price reduction just over a year ago from 350k to 325k. We viewed it initially last December and at that stage hadn't sold our Dublin house. We liked it immediately.
In the meantime, we sold our dublin property (broke even), moved into a rented property in westport to see if we liked the area and kind of put searching off 'til closer to the end of our lease.
The time is nigh, so we have arranged a new viewing of the property, which has, by the estate agents asmission, received no viewings and/or offers and is pretty much stale on the market.
I have looked into the 2003/4 price regions for the type of property and area etc. and the asking price would have been about 190 - 210k..... I am certain this is where asking prices are headed as that was a more natural house price level at that stage before the madness ensued...
I have offered 200k and the estate agent basically laughed at me and said that this offer was plainly ridiculous.
Am I way off the mark here?? I really, genuinely don't think I am.... Of course the vendors don't need to accept but is the offer wrong??
Opinions welcome please!!
Thanks for reading!