balkanhawk
Registered User
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- 25
Thanks for all of your advice. The EA called back and said that 'as he expected she will not take anything less than the asking of 375k'. This annoyed me as it was at odds with his previos comments.
He has been pushing another property in the estate that that is the same and is asking for 360k. He thinks it will go for 350k. There are now 5 of these houses on the market ranging in asking price from 350k-395k
Should we view it even though we are set on the one we have the offer on?
We are renting a place from a relative so we are not in a rush. I am inclined to sit and wait while viewing other properties. Our current offer is 352 and we can go to near the asking price but the market isnt inspiring confidence in us at the moment.
Thanks for all of your advice. The EA called back and said that 'as he expected she will not take anything less than the asking of 375k'. This annoyed me as it was at odds with his previos comments.
He has been pushing another property in the estate that that is the same and is asking for 360k. He thinks it will go for 350k. There are now 5 of these houses on the market ranging in asking price from 350k-395k
Should we view it even though we are set on the one we have the offer on?
We are renting a place from a relative so we are not in a rush. I am inclined to sit and wait while viewing other properties. Our current offer is 352 and we can go to near the asking price but the market isnt inspiring confidence in us at the moment.
Strangely, I made an offer on a 3-bed semi 5k under the asking price, and the vendor accepted it even before I put down the phone ... makes me suspect that I could have gone lower.
PS - asking price was 225k ...
If you're worried about the next interest rate decision ... fix your mortgage for a while ...
In the current market you would probably have had an offer of €200k accepted.
I dont think things are that bad. Buyers just have a bit more room to negotiate in the current climate.
Remember one important fact. The EA makes his money on commision. The higher the price the more he earns.
He said 'it may be easier to buy'
Yes, things are that bad and worse! many vendors have dropped prices by much more than that and still cannot sell:
[broken link removed]
http://www.irishpropertywatch.com/
Remember one important fact. The EA makes his money on commision. The higher the price the more he earns.
Eh, what? Business is business. There's price drops going on. Be annoyed, sure.. but "disgusted"?personally i'd agree with the EA... if i had my property on for 375k and you went in 30k below i'd be disgusted also!!!
.
Went to view the other property on Monday. It was OK but was no as nice as the previous one. We then noticed that the nicer property had dropped their asking price to €365k from €375k. Our last offer was €352.
I then got a phonecall from the EA who showed us the 2nd prop asking if we were interested. I told him that we were more interested in the first property but that we would consider it if the other one fell through.
10 minutes later the EA who is dealing with the orig property called me. I was expecting it as both EAs work in the same office.
He said that she will not take anything less than €365 and it is pointless offering anything lower than that. Sounds familiar. He said that the market is warming up and they have sold more houses in the last 3 weeks than they have in the last 3 months. He also said they three couples have viewed the house this week alone and we may loose it. i said that we will not go to €365k. I am tempted to raise the offer a few thousand.
Any opinions?
My opinion - you are being played by EA, not for his profit, but because vendor wont drop price. EA is using all usual tricks to try and get you to up your price. Same trick as all salemen, ever had a carsales man try this on with you, exactly the same trick the EA is using - thats his job.
Why won't they vendor drop their price - cos they think they can get more!
What you have to do is persuade the EA & vendor that your offer is final and then they may take your offer seriously and either they accept it or not.. If not you have to just forget about it and more on. There's plenty of houses out there!
Try not to get too attached - I think you are.
Good luck
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