Private sale

D

donal_donegal

New Member
Messages
8
I wish to sell my home privately to an individual who has expressed an interest in buying it.

So I will need to get it valued.

What's the usual protocol?

My instinct would be to get written valuations from three auctioneers and take the average as an asking price.

Does this sound sensible?
 
donal_donegal said:
Does this sound sensible?
Click to expand...

It will give you a number, and is no less sensible than any other way of arriving at one. I'm sure you're aware that it may well leave you at high risk of not achieving the maximum market value for your home, which can only be realised by putting it on the market and seeking bids from all interested parties.
 
"My instinct would be to get written valuations from three auctioneers and take the average as an asking price.

Does this sound sensible?"

No.
 
If it was me I'd look at recent asking prices (on the likes of Daft and MyHome), selling prices (on the Property Price Register), and Revenue LPT valuation bands for similar properties in the area and then make a judgement call on what's a reasonable fair market value selling price. And I'd keep some notes about such analysis just in case they're needed later for tax or other purposes.
 
You are not based in Ireland so you would not be familiar with the market.

There is no harm in selling it privately.

If you arrive at a valuation of €200k then they will probably offer you €180k. So it gets down to horse trading. So you should probably ask for 10% more than you think it's worth.

But what is your objective? To get a fair price? To get the maximum? To sell it to a relative at a discount?

You could ask a valuer to advise you. Tell them what you want to do and pay them a fee for their valuation and advice.
 
You must log in or register to reply here.
Back
Top