balkanhawk
Registered User
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- 25
Hello all,
Me and my girlfriend are hoping to buy our first place together. We have spotted a lovely 3 bed end terrace duplex and its current asking price is €375k. We went to view it today and the estate agent (EA) told us that the current owner cannot afford the mortgage on it and will "take a hit" on the asking price. We are both leaning towards the €375k one but are unsure what to bid?? Any help would be appreciated.
The other dupex being offered at €350k should be your guide because in my experience it is often the case that houses in good order don't sell for a great deal more than those in need of some repair in the same areas. .
We placed an offer of of 345k and the estate agent blew a fuse. Said it was a 'disgraceful offer'. ....
that the seller was 'disgusted' by this offer. ....
said that the seller is panicking because there is no interest.
I wouldnt buy anything off someone that spoke to me like that. Plenty of more houses and nicers EA's out there. Tell him that too, see what he thinks.
yes, but that was in a market on a high, now the quality stands out and holds its own against doer-upers. A good looking home gets more interest thus higher prices, in most cases.
Ein
Hello all,
We placed an offer of of 345k and the estate agent blew a fuse. Said it was a 'disgraceful offer'. I was quite taken aback by this. We asked if he would take the offer to the seller and he said he is legally obliged too. He called back the next day to say that the seller was 'disgusted' by this offer. We left it for a week and arranged a few more viewing. He called us back to inform us of another property nearby.
During this call we raised our offer to €352. He said 'great' and said that the seller is panicking because there is no interest. He believes she will take the offer. We are awaiting to hear back.
If this offer is refused should we leave it on the table and carryon looking? We can go higher and it is a dream property.
Advice would be great?
Ho hum. I don't see how an offer 2% higher than your original offer can go from "disgraceful offer", "disgusted", to "great", that the seller will accept the offer. I guess unemployed actors have moved on from being waiters to the Real Estate game.
I'd have offered less on the 2nd offer.
The differnece could quite possibly have been the mindset of the vendor after all they have the final say, an extra 2% isn't going to increase the coffers of the EA considerably so I can't see why he would be 'acting' in this instance. Offer less on your second offer and you may not be taken seriously at least i would be crossing you off of my list as a potential purchaser.
My opinion is that the "oh that's a ridiculous offer" flip flop to "oh that's a great offer" is just a mechanism of speeding up the deal, getting the buyer to the point where they're essentially bidding against themselves and happy the to sign asap even though there are no other bidders. Here's an example.
I can never figure out why people increase their offers by so much each time. Its only playing into the hands of the EA and the seller.
I purchased my house and the bidding went up in €1000 at a time and I did end up buying it. If you go up in more than that your just inflating the price
Ho hum. I don't see how an offer 2% higher than your original offer can go from "disgraceful offer", "disgusted", to "great", that the seller will accept the offer. I guess unemployed actors have moved on from being waiters to the Real Estate game.
I'd have offered less on the 2nd offer.
If this offer is refused should we leave it on the table and carryon looking? We can go higher and it is a dream property.
Advice would be great?
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