Posted by Scott on December 2, 2011, 9:20 am, in reply to "Re: South of Ireland"
207.195.243.218
You've been fabulously informative. Thanks.
Scott
--Previous Message--
: In fact, after taking to my solicitor
: yesterday, he dropped a bombshell in my lap.
: He said that the offer I was thinking of
: submitting was at least 505 too high. I wa
: told to think about the 28 -40% drop in
: future used and new home prices / values
: MUST be taken into considering when making a
: offer. I do not work with a estate agent as
: they work for the SELLER, I will make all
: offers through my solicitor as he will be
: [knock on wood] looking after MY interests,
: not the sellers!
:
: anyhow... I know I have made a few too many
: postings, but i hope they will give a bit of
: information so others don't make the
: mistakes I could have made! {always have a
: survey included into ANY offer that allows
: you to back out if the property is not up to
: snuff, and get your deposit back.... or is
: in a flood plain! Make sure you look here
: first before you get your heart set on ANY
: property! http://www.floodmaps.ie/FAQ.htm
:
: The estate agent may NOT inform the seller
: if it is and that could leave you all wet!
:
: Cheers!
:
: --Previous Message--
: Another site that tracks price drops:
:
: http://www.collapso.net/463.html
:
: --Previous Message--
: Scott,
:
: My issue is that I MUST be within a set
: area. I will be attending a university to
: get my Ma in Archeology. I wish to focus in
: underwater Archeology as I am a cert rescue
: diver with 20+ years of exp. So, I must look
: in areas that provide this ability. They
: commute is not as big a issue as the home
: itself. I have been a general contractor for
: 35+ years so I am looking for a bungalow or
: cottage, to fix up, but would look at a 2
: story house if it has a bit of land as me
: wife is a avid gardener. I have been
: watching
: WWW.IRISHPROPERTYWATCH.COM but the site
: seems to be down, for now. It was a wealth
: of info as to the asking price v- selling
: with the % price difference.
:
: I have found that Daft has a good selection
: of information on buying homes, and the
: pitfalls involved. Also, like this post
: shows, the days of sellers just accepting
: only what they ask are OVER. Make a offer
: and try to stick to your guns. negotiate,
: but have a final price you are willing to
: pay, and not a euro more. Remember that
: there are many many homes for sale and most
: of the sellers will be willing to work with
: you on price and terms. I even had one
: seller willing to take a larger down and
: carry a note, with payments going to a
: solicitor that will in turn hold the paper
: and disburse the payments to the seller.
:
: Example of a posting on Daft:
:
:
:
:
: http://www.daft.ie/discussions.daft?dcn[discussion_id
: ]=139431&dcn[forum_id]=4
: By Tom999 at 11:39, Fri November 4 2011, in
: Buying or selling - 2 responses
: I live not far from Drogheda. Prices will
: fall much further than the current
: advertised asking prices. In fact, those
: asking prices bear no resemblance to what
: some sellers are willing to accept. Its
: either laziness that the prices are not
: adjusted or simply wishful thinking or just
: using them as a starting point.
:
: Neighbors of ours have their house up on
: Daft for 225K. They received and accepted an
: offer almost 2 years ago for 202K which fell
: through but they have not adjusted the price
: with the agent.
:
: If you find a place you like, don't look at
: the price, just make an offer of what you
: think its worth. Most asking prices are not
: even indications anymore.
:
: Good luck.
: **
:
: Anyway, I have set up my accounts with Daft
: and Myhome.ie to alert me when a new place
: comes on the market or a price change
: occurs. We fell in love with one property
: and waited a day to long only to have it
: snapped up for 1/2 the asking price by a
: buyer with cash. I say: Rent until you find
: the right home as you will be holding it for
: the foreseeable future. Also, accept if you
: wish to take the plunge and buy, that you
: may eat a further lowering of the homes
: value.
:
: On a side note, if you rent, even a short
: term rental, month to month, it will make
: getting a bank account and a PPS number
: easier. TV Lic works as well, but they can
: and will ask for MORE documentation now when
: asking for a PPS number. I am expat citizen
: with a Irish passport, and have found that
: even guys like me have issues getting a PPS
: number and bank account.
:
: Thanks Scott for all the info... it has been
: very helpful. Inform oneself .... educate
: and KNOW all your rights before chatting
: with the powers that be as they will not at
: times give you all the information you need.
:
: mdelano
:
: --Previous Message--
: I just noticed that I never answered this.
: Sorry for the oversight.
:
: Yes, the two big sites will cover the vast
: majority of what's out there, but each
: individual estate agent generally has their
: own website as well. Most are affiliated
: with larger organisations, but there are no
: unified listings per se.
:
: Check out www.myhome.ie and www.daft.ie and
: then www.sherryfitz.ie and www.dng.ie and
: www.lisney.com to hit all the largest
: property sites. There will be some overlap
: because agents also put many of their
: properties onto myhome.ie and daft.ie to get
: a bigger audience.
:
: The key thing to remember, though, is that
: property price drops are still accelerating
: downward. You don't want to buy!!!! At least
: until you're familiar with an area, love it,
: are willing to stay put for years and years
: until, in a decade or so they're now saying,
: the market turns.
:
: Until then, find a rental you like, live and
: explore get to know what's on offer, and
: then reach deep into your wallet.
:
: The only mortgages available now are
: variable rate and the banks keep jumping
: these and jumping them again no matter what
: the interest rates are doing on the european
: level. Invest now and you're basically
: signing up to support your local Irish bank
: and paying exorbitantly for that privilege.
:
: Don't!
:
: Scott
:
: --Previous Message--
: Thank you Scott. I will make sure to sign up
: for your site. If it is just 1/8th as
: informative as this forum I will be very
: happy indeed. We have started look at Daft,
: but was reading that many estate agents have
: their own listings that are NOT on daft....
: is this true? I know there is no multiple
: listing service, but will I need to stop at
: all EA's to see their stock? I have a ticket
: for Jan as I want to be there in the winter.
:
: --Previous Message--
: There is a glut of empty houses, many of
: them
: going to wrack and ruin. Just remember that
: prices will absolutely, definitely fall from
: where they are now. New tougher mortgage
: rules just announced this week will ensure
: that as well as the falling internal
: economy. Plan to rent while you get your
: bearings and look at places.
:
: I have to tell you that I live in west
: waterford county and it's a fabulous area.
: Sea, mountains, halfway between Cork and
: Waterford cities, within an hour of cork
: airport and from there to about 40 cities in
: europe and the UK direct via aerlingus and
: ryanair. I visit the states on a hop from
: Cork to London and then on to San Francisco.
: So, you're not cut off from family in
: wherever you are right now.
:
: The main local town is dungarvan if you want
: to find it on the maps.
:
: Scott
:
: --Previous Message--
: Thank You! I will make sure to check that
: site out. We are very excited!
:
: --Previous Message--
: sorry, home.ie wasn't correct, it is
: www.myhome.ie
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