How to bid?

D

drtroll

Guest
Hi,

we are first time buyers so need some help.

im looking to get a house. got mortgage approval and have the deposit.

there are 6 houses semi-d for sale in our estate and 2 detached houses for sale
on daft.ie semis are priced between 175.000-210.000 euro and detached houses are both 230k.
we have mortgage for 185.000 and 20k deposit

now, the question is how to bid, from where to start. Our rent is going to finish in february so we have plenty of time for negotiations.

all the houses are in the estate where we live, within walkin distance. should i knock at the door and try to avoid estate agents?

our friend bought a 3bed-semi house in our estate in february. was priced 210 and they got it for 185.

what do you think?
 
i went through this post before i posted mine. find it very helpfull.

important question for me is, if i should try to avoid EA and go knocking at the doors?
im polish, in poland i would do that with no problems, but im not there. my irish friend told me he wouldnt do it himself and that it may be a little offensive.
 
Why not do up a letter explaining that you are currently living in the estate and have been for X no of years. you are now in a position to buy with deposit and mortgage approval and u would like to know if they would be interested in dealing with you directly or would prefer to go through the Estate Agent. Leave your phone number.
Just because you have approval for 185k and a deposit of 20k does not mean you have to spend it all. If your friend got his for 185k in Feb, based on further decrease figures you should get it for less but I won't comment further as we are not allowed discuss house prices in depth.
All will be different inside as you probably expect in terms of decoration - improvements.

Good luck with it all.
 
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