There's plenty of "dream houses" out there.
You say the bank will only loan what its worth (170k) just don't forget thats your valuation based on a string of unnecessary costs. I would say that if you do buy the house and attempt to bring it to market quality i.e no extras then you will probably spend about €20/25k on improvements. Its amazing the costs people see when valuing down a property. If you are going to submit a list of what is faulty with the house I suggest you strip it back to what would be the standard requirments.
Yep even ones with 21 faults.
You upped too soon, slowly slowly... Remember if they are not in need of a sale they may not sell for a lot less than the asking.
We are in the same boat..we are viewing a house next week, on at 300k....bank will loan us 240k....we have a house to sell.....it has an extension and huge garden...area is okish....Were thinking of offering 240...60k under asking...will we be laughed at ??
We are in the same boat..we are viewing a house next week, on at 300k....bank will loan us 240k....we have a house to sell.....it has an extension and huge garden...area is okish....Were thinking of offering 240...60k under asking...will we be laughed at ??
I viewed a property earlier on in the year, it was advertised at 275k, I liked the house so I put in an offer of 235k, the EA asked me was I taking the pi$$ and that I was way off the mark, he also said he would not be in a position to show me any other properties if I was going to make offers like that again
Needless to say I didn't buy.
To illustrate this, the latest borrowing figures were released recently for October, where €26,000,000 was borrowed in the mortgage market country wide. In the same period (Ocotber 2007), €700,000,000 was borrowed!!!
Sorry but EAs out there need to get a grip.... There is a worldwide financial crisis never before seen and this WILL be reflected in the prices sooner rather then later.... The EAs I've been dealing with keep going on about current market value yadda yadda yadda... This is total BS as there IS NO MARKET at the moment.
We have since revised our offer DOWN! Oh yeah... And since making that offer, the EA in question is on a travelling leave for the next "number of months" from her invincible firm!!
This market will get a lot worse before it stabilises IMHO.... Like the banks, it's the EAs who've fueled this whole mess our country is now in.... Rant over....!!
I gain no satisfaction, as you put it, from this
I told him that my uppermost limit was €30k/€40k more but that was it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?