Making a mess of this reply: it’s quite a unique house. Similar (but better interior house) went for much more than this house is currently at
Bidding Strategy
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Making a mess of this reply: it’s quite a unique house. Similar (but better interior house) went for much more than this house is currently at
Yeah but IMO its an just an extra switching complication that is easily avoided.
I think thats the signal for the end of useful discussion on this thread anyway!
How is the OP's willingness or otherwise to disclose their max budget anything other than perfectly reasonable? I don't see how that makes any further discussion useless.
Patience...
You bid on Friday. Monday was a bank holiday. And bids don't come that fast anymore, it's no longer the celtic tiger years (thankfully!). We received 5 bids on our apartment, some spaced by a week, and there was a 'healthy interest' as the EA put it. You'll have to wait as the vendor is most likely waiting too in the hope of a higher bidder. Then they will consider your offer if nothing more interesting comes. They might want to negotiate with you to push your offer to their asking price, if they feel you're really interested in the house.
Just be calm.
Do you want to view the house again? Don't be afraid to ask for that before you bid.
You could ask the EA if it's at the level that vendors are happy with. But they won't disclose much in my experience.
Has the EA asked you to provide proof of mortgage approval? It's seems the norm in Dublin, but not with rural agents.
EAs will generally call the vendor before they finish up for the day if there have been any changes. So if you call early afternoon the vendor will know about your bid this evening.
Do you want to view the house again? Don't be afraid to ask for that before you bid.
You could ask the EA if it's at the level that vendors are happy with. But they won't disclose much in my experience.
Has the EA asked you to provide proof of mortgage approval? It's seems the norm in Dublin, but not with rural agents.
EAs will generally call the vendor before they finish up for the day if there have been any changes. So if you call early afternoon the vendor will know about your bid this evening.
If your max price is not far from 250 i.e. 260 or 265 I suggest you go 'all in' and see if that scares the rest of them. Be prepared for a long wait and and walking away and move on. You never know, they may still get back even after the it's outbid. Happened me last year in Dublin after the seller claimed they wanted a quick deal and the person who outbid me had money on 90 day access apparently which is why they went with my bid. You need to go and view other houses and give yourself a choice.
John Locke
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I don't think this is true. I got my life policy through the bank a few years, they were acting as an agent for an insurance company.
When I remortgaged recently, there was no problem reassigning the policy, it was the same as any other policy.
Beware, though, it may not be good value. I shopped around and the bank matched the lowest quote I got.