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 Post subject: Bidding in a Private
PostPosted: Wed Dec 05, 2012 12:42 pm 
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Single Home Owner

Joined: Dec 5, 2012
Posts: 156
Hi
We were called to a private view of a house based on us unseccessfully bidding on another one of the EA houses on the same road. That was on the market for 1.25 and eventually went for over 1.7!
This house is asking 1.65. While it is in much better condition it doesn't have the "wow" factor of the first house, this one is semi detatched etc with a smallish North facing garden and is a smaller house
We don't have 1.65 and even if we did wouldn't pay it for this house as ones comparable to this on this side of the road went for 1.3 to 1.375 this year which is all we would be prepared to pay and all that we could afford

Should I offer the 1.35 or will Ibe laughed out of it or worse still insult the agent who is actually to be fair very good and up front. I want him to take us seriously if we bidon other houses in the future and let us know about private sales.if it was on the Open market I would bid I am just not sure if you can bid below asking on a provate sale ? I don't have a link for the property
Thanks for reading !


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:01 pm 
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Property Magnate

Joined: Nov 28, 2008
Posts: 506
I don't think there is any fear of an EA not taking you seriously if you have 1.35m to spend on a property.

All you need to do is explain your "low" bid - the reasons you give above are all very reasonable and will make sense to an EA.

You were invited to a private bid because there are only a handful of people who have this kind of money to spend on a property. Put in your offer, giving your reasons for what you feel it's worth. If your bid isn't successful thank the EA for inviting you to a private sale and ask to be included in the future. Ignore any EA posturing.

But are you sure you want to spend this much money on a house without the wow factor, good orientation etc?


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:08 pm 
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Under CAB Investigation

Joined: Aug 2, 2009
Posts: 1513
Moss wrote:
Hi
We were called to a private view of a house based on us unseccessfully bidding on another one of the EA houses on the same road. That was on the market for 1.25 and eventually went for over 1.7!
This house is asking 1.65. While it is in much better condition it doesn't have the "wow" factor of the first house, this one is semi detatched etc with a smallish North facing garden and is a smaller house
We don't have 1.65 and even if we did wouldn't pay it for this house as ones comparable to this on this side of the road went for 1.3 to 1.375 this year which is all we would be prepared to pay and all that we could afford

Should I offer the 1.35 or will Ibe laughed out of it or worse still insult the agent who is actually to be fair very good and up front. I want him to take us seriously if we bidon other houses in the future and let us know about private sales.if it was on the Open market I would bid I am just not sure if you can bid below asking on a provate sale ? I don't have a link for the property
Thanks for reading !


Orwell Park?


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:21 pm 
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Under CAB Investigation

Joined: Jun 9, 2008
Posts: 1640
In my experience, private viewings are arranged to try and sucker someone in at a high asking. I have been at several and I cannot recall any which did not subsequently go to market at a lower asking.

The only one I ever got a private viewing on, which subsequently sold privately was this one. IIRC, they were touting it around for 1.5M asking.
http://www.myhome.ie/priceregister/lish ... blin-12732


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:26 pm 
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Planning Tribunal Attendee
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Joined: Nov 21, 2006
Posts: 1060
Would this be "Hunters" estate agents?

We got the same treatment (much lower value houses though). The one we got the "private viewing" for was far below the standard of the property we had been outbid on, but was only asking a little less. We said thanks but no thanks. 1.35m you should not be compromising surely? North facing garden for that kind of money. I guess it really does not matter how much your budget is, there will always be something!

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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:40 pm 
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Under CAB Investigation

Joined: Nov 13, 2006
Posts: 1910
Location: Stuck in Ahernistan
You're going into this with the wrong attitude. If you were buying a car would you be worried about insulting the salesman with a low offer? So why would you be embarrassed about doing the same when so much more is at stake for you?


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 1:48 pm 
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Single Home Owner

Joined: Dec 5, 2012
Posts: 156
Thanks so much for the replys. We have been looking for over a year and nothing so I guessed over time we have been willing to compromise on things that we wouldn't have before. We bought very badly with our last house, sold high which negated some of the loss but I am keen that anything we buy we don't lose on and period house in good nic in good areas seem to hold their value best

No the agents are not hunters and yes to where the house is :-)

It is probably moot point anyway as considering what the other house went for which needed 500K plus work this will probably go for far over asking too

The house doesn't have the "wow" factor but it is a practical house which my other half likes plus it has a lot of good sized bedrooms which again is a priorty for us and parking which a lot of period houses don't seem to have.
Thanks again, I really appreciate all the advise.


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 3:18 pm 
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Joined: Aug 2, 2009
Posts: 1513
The house in question - owned by a member of the legal profession? close to the Rathgar rather than the Dartry end of the road? - has been touted “privately” by at least three estate agents. Based on a rational review of the property register on the prices achieved by houses in Orwell Park over the last year or so and taking into allowance factors such as time to renovate, likely need to apply for planning permission to build the needed ground floor extension with associated delays (allow for up to 30 weeks for design, apply, permission, building) and cost to renovate, the house in question is worth of the order of 1.1 million at most. The owner has unrealistic expectations created by a failure to sell at the top of the market. The owner may not even sell and so waste your time and money.

Hold your nerve. A million is actually quite a lot of money.


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 Post subject: Re: Bidding in a Private
PostPosted: Wed Dec 05, 2012 5:30 pm 
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Property Magnate

Joined: Oct 21, 2012
Posts: 544
Only 1.97% of houses sold in Dublin since May 2012 exceed €1,000k (110 properties)

But the average price of those houses that did exceed this figure was €1.75m (excludes Sandford Lodge €27m)


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 Post subject: Re: Bidding in a Private
PostPosted: Thu Dec 06, 2012 10:48 am 
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Single Home Owner

Joined: Dec 5, 2012
Posts: 156
Jxbr thank you so much, you are a fountain of knowledge and yes it is one and the same house I believe
That was my worry too that they are essentially testing the market after the other one on the road sold for 30% above market and they won't let it go unless their one does the same

Alex i would of thought too that there were not many people out there with budgets of a million plus but that is just not the case if the stampede at every viewing we go to is anything to go by. The last house which was on for 1.25 wasn't a open view so you had to ring to ask to view it (so less likely tire kickers will bother) was packed and after a week there was about 15 builders, engineers booked in.

Maybe the budget will take the air out of it, I certainly hope so as I don't think we have a hope of getting a house otherwise. I look at houses on the ppr like one in Palmerston overlooking the park which sold for 1.3 and I think if it was on now they would be looking for 1.7 plus and would probably get it.


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 Post subject: Re: Bidding in a Private
PostPosted: Thu Dec 06, 2012 1:23 pm 
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First Time Buyer

Joined: Aug 19, 2010
Posts: 93
Moss wrote:
I certainly hope so as I don't think we have a hope of getting a house otherwise


For me, this sentiment would have me worried if I was you. A budget of 1.3 million is a massive, massive amount of money. As LL pointed out, it would buy more than 98% of the properties that have been on sale in Dublin in the last year, and probably more than 99.5% nationwide. Do not underestimate the purchasing power that you have. I for one would love to have a budget even half that. I say this because there will always be houses more expensive than you can afford, and compromises that need to be made - but this doesn't for one second mean that you should be pressured or panicked into paying more that you can afford, or even AT what you can afford.

Budgets are like speed limits - they're an upper limit, not a goal to aim for.


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 Post subject: Re: Bidding in a Private
PostPosted: Thu Dec 06, 2012 3:15 pm 
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Single Home Owner

Joined: Dec 5, 2012
Posts: 156
Sorry I should explain. We have a house, nice house, Victorian renovated and about 1600 SF. The problem is no parking and a tiny garden. We could live here happliy forever but with the bottom falling out of the housing market we thought why not buy a house now that we would never have got near in the past and move. So I don't just want a house I want a house that is WAY better than what we have, 3000 SF , garden and parking if possible. There seems no point in moving otherwise. It seems eveyone wants this and have a house with serious equaity in it too sell and fund this or else they are very high earners because so far the houses we have looked at have all gone for over asking and over what I would have paid for them. A lot priced at the 1.1 -1.2 apart from being in maybe a better aread don't seem that much better to what we have and the ones we want seem way out of reach like 1.6-1.7


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 Post subject: Re: Bidding in a Private
PostPosted: Thu Dec 06, 2012 7:17 pm 
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Holiday Home Owner

Joined: Jun 12, 2012
Posts: 313
Moss wrote:
Sorry I should explain. We have a house, nice house, Victorian renovated and about 1600 SF. The problem is no parking and a tiny garden. We could live here happliy forever but with the bottom falling out of the housing market we thought why not buy a house now that we would never have got near in the past and move. So I don't just want a house I want a house that is WAY better than what we have, 3000 SF , garden and parking if possible. There seems no point in moving otherwise. It seems eveyone wants this and have a house with serious equaity in it too sell and fund this or else they are very high earners because so far the houses we have looked at have all gone for over asking and over what I would have paid for them. A lot priced at the 1.1 -1.2 apart from being in maybe a better aread don't seem that much better to what we have and the ones we want seem way out of reach like 1.6-1.7

I agree with Outspann. If I was an EA and thinking about how best to start a bidding war, I would subtly be playing up the exclusivity of the location and the scarcity in supply of the type of house that is on offer. I would be massaging the egos of my target market and making them feel as if they are part of an elite group by making viewings by invitation only. I would be trying to get the balance right by highlighting that only a small percentage of the buying public can afford a product of this quality while also making them feel that they were getting an amazing bargain compared to prices at the peak of the boom! I would be encouraging the subconscious fear that if they don't really stretch themselves now, they may never again be able to get the house of their dreams as houses like this can only go up in value!

I'm glad I'm not an EA and I have no marketing experience whatsoever, but I do think that they are using these subtle panic inducing marketing strategies at the moment and it seems to be working! What's hard for you is that now that the idea of something lovely has entered your heads, it's hard to see it just beyond your reach because others seem to be able to stretch themselves just that little bit more and so you're in the position of feeling like the ones who are losing out in the whole game. If you can hold your nerve, the strategy may not work as well as people start to get more nervous about the property market in the coming months. Things may go in your favour and next year, the kind of house you'd like might be within your budget. Fingers crossed!


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 Post subject: Re: Bidding in a Private
PostPosted: Fri Dec 07, 2012 8:17 am 
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Joined: Aug 2, 2009
Posts: 1513
FKALL wrote:
Only 1.97% of houses sold in Dublin since May 2012 exceed €1,000k (110 properties)

But the average price of those houses that did exceed this figure was €1.75m (excludes Sandford Lodge €27m)


When you remove multiple properties and obvious errors:

Code:
23/07/2012      15 Cappagh Avenue, Finglas                                               €4,812,500.00
30/11/2012      Heeleys View, The Mall, Malahide                                         €4,605,000.00
27/02/2012      'Eagle Lodge', 27 & 29 Sydney Avenue, Blackrock                          €2,900,000.00
10/05/2012      14A & 16A Ailesbury Road, Ballsbridge                                    €2,700,000.00
10/08/2012      18 Seafield Road and rear, of 20 22 and 24 Seafield Road, Clontarf       €1,950,000.00
20/07/2012      13 - 19 Railway Cottages, Serpentine Avenue, Ballsbridge                 €1,725,000.00
26/10/2012      108 and 110 Orwell Road, Rathgar                                         €1,100,000.00


you get the following list of properties that sold for more than one million on Dublin:

Code:
12/10/2012      'Lissadell', 9 Shrewsbury Road, Ballsbridge                              €6,000,000.00
17/01/2012      8 SHREWSBURY ROAD, BALLSBRIDGE, DUBLIN 4                                 €5,200,000.00
07/08/2012      Brynogue, Westminster Road, Foxrock                                      €3,450,000.00
01/08/2012      16 Temple Villas, Palmerstown Road                                       €3,450,000.00
17/02/2012      51-53 Orwell Park, Rathgar                                               €3,251,144.74
13/01/2012      33 Raglan Road, Ballsbridge                                              €3,125,000.00
01/10/2012      16 Argyle Road, Herbert Park, Ballsbridge                                €3,050,000.00
14/11/2012      Bartra House, Harbour Road, Dalkey                                       €3,000,000.00
23/08/2012      2 Castle Place, Breffni Road, Sandycove                                  €3,000,000.00
24/08/2012      9 Temple Villas, Rathmines, Dublin 6                                     €2,800,000.00
07/06/2012      79 Park Avenue, Sandymount                                               €2,800,000.00
23/01/2012      Errigal House, Eglinton Road, Donnybrook                                 €2,800,000.00
03/08/2012      83 Wellington Road, Ballsbridge                                          €2,750,000.00
27/04/2012      70 Park Avenue, Sandymount                                               €2,725,000.00
28/06/2012      Ardbrugh House, Ardbrugh Road, Dalkey                                    €2,650,000.00
13/04/2012      24 Fitzwilliam Square, Dublin 2                                          €2,650,000.00
30/01/2012      43 Ailesbury Road, Donnybrook                                            €2,650,000.00
03/08/2012      6 CLYDE ROAD, BALLBRIDGE                                                 €2,640,000.00
17/09/2012      3 Herbert Park, Donnybrook                                               €2,600,000.00
24/08/2012      Cranford Hainault Road, Foxrock                                          €2,600,000.00
19/07/2012      71 Park Avenue, Sandymount                                               €2,600,000.00
10/07/2012      11 Temple Villas, Rathmines                                              €2,600,000.00
20/01/2012      25 Greenfield Park, Donnybrook                                           €2,600,000.00
31/08/2012      2 Sorrento Terrace, Dalkey                                               €2,500,000.00
29/08/2012      9, Ailesbury Road                                                        €2,500,000.00
06/07/2012      84 Ailesbury Road, Ballsbridge                                           €2,500,000.00
03/02/2012      Ravello, Vico Road, Dalkey                                               €2,500,000.00
25/07/2012      ALTAMONT, KNOCKNACREE ROAD, DALKEY                                       €2,470,001.00
07/09/2012      HAZELMERE, WESTMINISTER ROAD, FOXROCK                                    €2,450,000.00
17/07/2012      35 Belgrave Square South, Monkstown                                      €2,408,735.00
04/09/2012      36 Coliemore Road, Dalkey                                                €2,400,000.00
14/09/2012      Dunamase, Cross Avenue, Botterstown                                      €2,250,000.00
25/05/2012      16 Clyde Road, Ballsbridge, Dublin 4                                     €2,200,000.00
01/02/2012      80 Shrewsbury Square, Dublin 4                                           €2,130,396.00
15/11/2012      Arranmore, 14 Alma Road, Monkstown                                       €2,100,000.00
30/01/2012      6 Temple Villas, Rathmines                                               €2,100,000.00
01/11/2012      23 Northbrook Road, Ranelagh                                             €2,050,000.00
06/06/2012      Thornhill House, Cherry Garth, Mount Merrion                             €2,000,000.00
11/04/2012      Lugnaquilla, 26 Cowper Road, Rathmines                                   €2,000,000.00
05/07/2012      Maryville, 78 George's Avenue, Blackrock                                 €1,950,000.00
07/09/2012      8 Palmerston Park, Rathmines                                             €1,900,000.00
22/06/2012      27 Palmerston Road, Rathmines                                            €1,900,000.00
16/05/2012      19 Clyde Road, Ballsbridge                                               €1,900,000.00
01/02/2012      57 Leeson Park, Raneladh, Dublin 6                                       €1,900,000.00
20/01/2012      HOPETON, 33 TERENURE ROAD EAST, RATHGAR                                  €1,865,000.00
13/07/2012      9 Orwell Park, Rathgar                                                   €1,850,000.00
08/06/2012      4 Raglan Road, Ballsbridge                                               €1,850,000.00
15/10/2012      St Johns, 48 Glasthule Road, Sandycove                                   €1,820,000.00
16/08/2012      7 Palmerston Park, Rathmines                                             €1,800,000.00
06/06/2012      winward, Ceanchor Road, Baily                                            €1,800,000.00
21/05/2012      50 Abington, Malahide                                                    €1,800,000.00
23/02/2012      Evergreen, Church Road, Malahide                                         €1,800,000.00
16/02/2012      Palmerstown Lodge, Dartry                                                €1,780,000.00
27/03/2012      Victoria Lodge, Victoria Road, Killiney                                  €1,775,000.00
14/09/2012      50 Cowper Road, Rathmines                                                €1,750,000.00
11/01/2012      'Woodside', 18 Shresbury Road                                            €1,700,000.00
05/09/2012      Kildoon, Miliatary Road, Killiney                                        €1,625,000.00
27/07/2012      14 Highfield Road, Rathgar, Dublin 6                                     €1,600,000.00
19/09/2012      Woodlawn, Golf Lane, Foxrock                                             €1,595,000.00
18/09/2012      'Kelburne', 128 Howth Road, Clontarf                                     €1,550,000.00
13/06/2012      33 ABBINGTON, MALAHIDE                                                   €1,550,000.00
04/05/2012      68 Orwell Park, Rathgar, Dublin 6                                        €1,550,000.00
01/03/2012      28  Castle Avenue, Clontarf                                              €1,550,000.00
03/08/2012      28 Orwell Park (otherwise, 30/31 Orwell Park), Rathgar                   €1,549,050.00
07/03/2012      39 palmerston Road, rathmines, dublin                                    €1,540,000.00
01/08/2012      Westbury, Willow Bank, Dun Laoghaire                                     €1,500,000.00
31/05/2012      6 Waltham Terrace, Blackrock                                             €1,500,000.00
28/05/2012      Gracefield, Waltham Tce, Blackrock                                       €1,500,000.00
01/03/2012      7 longford terrace, monkstown                                            €1,500,000.00
21/08/2012      'Lisheen', No 45 Bushy Park Road, Dublin 6                               €1,460,000.00
18/05/2012      Gorse Hill, Baily, Howth                                                 €1,460,000.00
08/06/2012      12 Appian Way, Ranelagh                                                  €1,450,000.00
12/01/2012      28  Abington, Malahide                                                   €1,425,000.00
15/10/2012      15 Belgrave Square, Rathmines                                            €1,415,000.00
02/02/2012      Rockall  The Birches, Torquay Road, Foxrock                              €1,400,000.00
30/05/2012      25 Orwell Park, Rathgar                                                  €1,375,000.00
06/07/2012      Auburn Lodge, Off Auburn Road, Johnstown                                 €1,374,449.34
19/06/2012      1 Sandford sq, merton drive, ranelagh                                    €1,365,638.00
04/09/2012      Eirene, Marino Avenue East, Killiney                                     €1,350,000.00
16/08/2012      142 Georgian Village, Castleknock                                        €1,350,000.00
02/07/2012      Tailteann, 20 Orwell Park, Rathgar                                       €1,350,000.00
02/11/2012      20 Abington, Malahide                                                    €1,341,111.00
02/11/2012      56 Crannagh Road, Rathfarnham, Dublin 14                                 €1,315,000.00
20/09/2012      34 KILLINEY HEATH, KILLINEY                                              €1,300,000.00
24/08/2012      ORCHARDTON, SWEETMOUNT AVENUE, DUNDRUM                                   €1,300,000.00
19/07/2012      22 Upper Leeson Street, Ballsbridge                                      €1,300,000.00
17/07/2012      44 Abington, Malahide                                                    €1,300,000.00
11/06/2012      51 Seafield Road, Clontarf                                               €1,300,000.00
27/02/2012      9  Edward Lane, Bloomfield Ave, Donnybrook                               €1,297,500.00
13/08/2012      Emoclew, Anastasia Lane, Dalkey                                          €1,295,000.00
01/03/2012      homestead, 19 rathdown park, terenure                                    €1,285,000.00
24/08/2012      Sutton House, Sutton                                                     €1,275,000.00
07/09/2012      75, Haddington Road                                                      €1,270,000.00
17/08/2012      Malakoff Villas, 184 Rathgar Road                                        €1,230,450.00
10/05/2012      Clonmore, Torquay Road, Foxrock                                          €1,230,000.00
14/09/2012      4 Cowper Gardens, Rathmines, Dublin 6                                    €1,225,000.00
28/06/2012      68 Tritonville Road, Sandmount, Dublin 4                                 €1,220,000.00
21/05/2012      8 Park Lane, Dunlaoghaire                                                €1,210,000.00
12/09/2012      33 Upper Leeson Street, Dublin                                           €1,200,000.00
09/03/2012      treborth east, 15 claremont road, howth                                  €1,200,000.00
13/04/2012      5 HARVARD, ARDILEA, CLONSKEAGH                                           €1,195,000.00
02/02/2012      2 Palmerston Gardens, Rathmines, Dublin 6                                €1,186,000.00
23/07/2012      Streamside, 5 Grove Avenue, Blackrock                                    €1,185,000.00
06/03/2012      8  PEARTREE FILED, CARYSFORT DOWNS, BLACKROCK                            €1,185,000.00
18/10/2012      83 Palmerston Road, Rathmines                                            €1,175,000.00
18/01/2012      Coundon House, Killiney Avenue, Killiney                                 €1,175,000.00
16/11/2012      Adare, 13 Wynnsward Park, Clonskeagh                                     €1,150,000.00
20/09/2012      BURNBRAE, 103 DUBLIN ROAD, SUTTON                                        €1,150,000.00
09/08/2012      18 Mount Pleasant Square, Ranelagh, Dublin 6                             €1,150,000.00
08/11/2012      Manor Bride, Ballybride Road, Rathmichael                                €1,140,000.00
23/03/2012      5 Carlisle Terrace, Church Road, Malahide                                €1,140,000.00
19/11/2012      Wadena, 147 Dublin Road, Sutton                                          €1,100,000.00
23/04/2012      221 Upper Rathmines Road, Rathmines, Dublin 6                            €1,100,000.00
05/10/2012      2 Castle Avenue, Upper Churchtown Road, Dublin 14                        €1,090,000.00
05/07/2012      26 Palmerston Gardens, Rathmines, Dublin 6                               €1,085,000.00
26/03/2012      12 Edward Square, Bloomfield Avenue, Donnybrook                          €1,081,057.00
07/06/2012      34 Windsor Road, Rathmines, Dublin 6                                     €1,080,000.00
15/08/2012      Banyul, Proby Square, Blackrock                                          €1,075,000.00
22/06/2012      Swanbrook House, Bloomfield Avenue, Donnybrook                           €1,075,000.00
02/05/2012      24 Nutley Road, Ballsbridge                                              €1,075,000.00
07/09/2012      Dunluce, Glenamuck Road, Carrickmines                                    €1,071,000.00
05/07/2012      118 Bloomfield Park, Donnybrook                                          €1,057,268.71
09/11/2012      Carrick Hall, 69 Orwell Road, Rathgar                                    €1,050,000.00
26/10/2012      Brugh na Carraige, Glenalua Road, Killiney                               €1,050,000.00
15/10/2012      67 GEORGIAN VILLAGE, CASTLEKNOCK                                         €1,050,000.00
23/08/2012      Parkfield House, Mount Anville Road, Dundrum                             €1,050,000.00
16/03/2012      Grasia, 77A Orwell Road, Rathgar                                         €1,050,000.00
27/04/2012      Rathmichael Haven, Rathmichael                                           €1,047,000.00
05/11/2012      86 Eglington Road, Donnybrook                                            €1,017,000.00
02/05/2012      Gortanell, Blackwood Lane, Malahide                                      €1,015,000.00
05/04/2012      62 SHREWSBURY SQUARE, SANDYMOUNT AVENUE, SANDYMOUNT                      €1,004,405.00
29/11/2012      1 Thormanby Woods, Thormanby Road, Howth                                 €1,000,000.00
09/11/2012      7 Salzburg, Ardilea, Clonskeagh                                          €1,000,000.00
30/10/2012      53 Hollybrook Road, Clontarf                                             €1,000,000.00
01/10/2012      88 Haddington Road, Dublin 2, Dublin                                     €1,000,000.00
15/08/2012      20 Castlepark Road, Dalkey                                               €1,000,000.00
03/08/2012      3 Trafalgar Terrace, Monkstown                                           €1,000,000.00
07/06/2012      16A Sydney Parade Avenue, Sandymout, Dublin 4                            €1,000,000.00
23/05/2012      Marlay Grange House, Grange Road, Rathfarnham                            €1,000,000.00
16/05/2012      Ivybank, 76 Georges Avenue, Blackrock                                    €1,000,000.00
03/04/2012      16 Rathdown Crescent, Terenure                                           €1,000,000.00
27/03/2012      46, Talbot Street, Dublin 1                                              €1,000,000.00


The average price was €1,723,395.82 and the median price - a better measure - was €1,455,000.00.

The houses in Orwell Park that sold were:

Code:
17/02/2012      51-53 Orwell Park, Rathgar                                               €3,251,144.74
13/07/2012      9 Orwell Park, Rathgar                                                   €1,850,000.00
04/05/2012      68 Orwell Park, Rathgar, Dublin 6                                        €1,550,000.00
03/08/2012      28 Orwell Park (otherwise, 30/31 Orwell Park), Rathgar                   €1,549,050.00
30/05/2012      25 Orwell Park, Rathgar                                                  €1,375,000.00
02/07/2012      Tailteann, 20 Orwell Park, Rathgar                                       €1,350,000.00


Excluding 51-53 Orwell Park, the average price was €1,534,810.00.


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 Post subject: Re: Bidding in a Private
PostPosted: Fri Dec 07, 2012 9:39 am 
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Joined: Jun 26, 2012
Posts: 2024
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jcsmith wrote:
You're going into this with the wrong attitude. If you were buying a car would you be worried about insulting the salesman with a low offer? So why would you be embarrassed about doing the same when so much more is at stake for you?

+1

In fact you should if anything worry more about insulting the car salesman, since there's a greater chance that you buy repeatedly from the same person and may want to develop an ongoing commercial relationship. Buying the property, the odds are very slight that you'll buy from the same person twice.

Ultimately, it's a large commercial transaction, and it's a one-off purchase. Keep it rational as much as possible, while factoring in your own valid non-rational preferences (I mean emotional, etc., to do with finding a home you love etc., don't want to ignore these as you'll live there for some time).

FKALL wrote:
Only 1.97% of houses sold in Dublin since May 2012 exceed €1,000k (110 properties)
But the average price of those houses that did exceed this figure was €1.75m (excludes Sandford Lodge €27m)


I was going to make a one word reply: "median"
jxbr beat me to it, and did so in a much more generous and thorough way than I would have. Understanding this point is very important to keeping you safe from some nasty data-abuse traps. Not getting stuff like that can lose you a lot of money!


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