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 Post subject: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:17 pm 
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Single Home Owner

Joined: Apr 28, 2012
Posts: 106
https://www.myhome.ie/residential/brochure/ballydevlin-goleen-co-cork/4113716

5 Bed in Goleen, West Cork with AMV of €70,000.

Certainly less than half its full market value all things being equal. No warning of Cash Buyers only.

Any guesses what is the problem with the house? Flooding, title, pyrite, halting site?


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:19 pm 
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Joined: Jan 1, 1970
Posts: 22510
For starters the photo of the back garden has cloned grass.

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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:21 pm 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3073
Location: Cathair na dTreabh
It has a low price to attract attention FOR SALE BY PUBLIC AUCTION:
Well done for advertising it more


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:30 pm 
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Single Home Owner

Joined: Apr 28, 2012
Posts: 106
Quote:
It has a low price to attract attention FOR SALE BY PUBLIC AUCTION


But why a sale by auction unless they want rid of it without a protracted sale process.


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:33 pm 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3073
Location: Cathair na dTreabh
Auctions tend to drive a price up, as in you have to bid on it right now instead of thinking for a few hours/days.


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:35 pm 
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Property Magnate

Joined: Oct 23, 2011
Posts: 514
Cordyline wrote:
Quote:
It has a low price to attract attention FOR SALE BY PUBLIC AUCTION


But why a sale by auction unless they want rid of it without a protracted sale process.


They need a quick sale before the trees come in the windows.


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 2:44 pm 
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Joined: Oct 29, 2007
Posts: 11535
Location: Multiverse
If the property price is too good to be true, then go through the contract with a fine tooth comb.


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 Post subject: Re: Whats wrong with this House?
PostPosted: Wed Sep 13, 2017 4:55 pm 
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Under CAB Investigation

Joined: Mar 14, 2013
Posts: 1650
vegetation is closing in on the building
id check the boundaries and check for Japanese Knowweed
Also water could potentially pour down the hill into the property

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 Post subject: Re: Whats wrong with this House?
PostPosted: Thu Sep 14, 2017 9:29 am 
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Old Time Landlord

Joined: Dec 5, 2007
Posts: 365
Ask the EA probably don't have good title


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 Post subject: Re: Whats wrong with this House?
PostPosted: Thu Sep 14, 2017 9:56 am 
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Joined: Jan 4, 2013
Posts: 16996
Location: To the right of the decimal place
Here it is for €149,000 previously

http://sfon.ie/Properties/Brochures/67284b-150908092858¬Ballydevlin.pdf

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 Post subject: Re: Whats wrong with this House?
PostPosted: Fri Oct 06, 2017 7:23 pm 
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Single Home Owner

Joined: Apr 28, 2012
Posts: 106
House has vanished from all the property sites. Looks like the auction was pulled. No mention of anything on the SherryFitz website.

Mystery!


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 Post subject: Re: Whats wrong with this House?
PostPosted: Fri Oct 06, 2017 8:28 pm 
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Neo Landlord

Joined: Aug 26, 2012
Posts: 273
temene wrote:
Auctions tend to drive a price up, as in you have to bid on it right now instead of thinking for a few hours/days.


yes and no , while auctions can create a situation where a percentage of people loose the run of themselves , they also deter a set of people who would otherwise be comfortable bidding on a property so the pool of bidders is reduced , auctions often throw up real bargains


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 Post subject: Re: Whats wrong with this House?
PostPosted: Fri Oct 06, 2017 10:43 pm 
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Under CAB Investigation

Joined: Jun 22, 2006
Posts: 2918
irish_bob wrote:
temene wrote:
Auctions tend to drive a price up, as in you have to bid on it right now instead of thinking for a few hours/days.


yes and no , while auctions can create a situation where a percentage of people loose the run of themselves , they also deter a set of people who would otherwise be comfortable bidding on a property so the pool of bidders is reduced , auctions often throw up real bargains


Your are not wrong.


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