House evaluation in Lucan - Dublin

[I{U}Ireland]

Hello

I am thinking about buying a 10 years old house (3 beds, 2 bathrooms) in Castle Riada - Lucan. The house is for a friend. we did not talk about the price yet. we are thinking about using an evaluator. If I got the house I would stay in it for at least 10 year.

Any idea of how much would be the average evaluation of the house? Looking in the Daft I can see prices between 250k up to 300k in Lucan!! The house in a good shape.

Regards

 

[jesseplay]

House's prices have dropped dramatically in the last year ½ in lucan so you paying 300k for a house in Castle Riada is alot of money make sure you look around first and bargain them down .

 

[I{U}Ireland]

I am not paying 300k. I can see some people looking for this price in Lucan...

How the evaluation work? does depend on the houses prices in the area? so if someone around the house is asking for 300k which is high would that affect the evaluation value?

 

[mf1]

I am not paying 300k. I can see some people looking for this price in Lucan...

How the evaluation work? does depend on the houses prices in the area? so if someone around the house is asking for 300k which is high would that affect the evaluation value?

What exactly are you asking?

How much a house is worth? Answer: what someone is willing to pay for it.
How much someone should pay for a house? Answer: what they think its worth. what someone is willing to accept for it.
How much prices are likely to drop or increase? Answer: who knows?

There is no actual arbitrator who decides any of this. If you want to know how much a Bank Valuer is likely to value a property at for the purposes of a mortgage, then ask a Bank Valuer to value any property before you put an offer in.

mf

 

[onq]

Hello

I am thinking about buying a 10 years old house (3 beds, 2 bathrooms) in Castle Riada - Lucan. The house is for a friend. we did not talk about the price yet. we are thinking about using an evaluator.

What's an "evaluator" - do you mean an estate agent and valuer?

If I got the house I would stay in it for at least 10 year.

Its for a friend, yet you're considering living it it - what's that about?

Any idea of how much would be the average evaluation of the house? Looking in the Daft I can see prices between 250k up to 300k in Lucan!! The house in a good shape.

Regards

Price is dependent on location, demand and what someone is willing to pay for it.

Price is market driven, not set in stone, so it really comes down to what the current offers are like on the day.
Housing markets have fallen considerably over the past year or so throughout the country.
Ask at least three different valuers to look at it before making a decision.
Then wait six months before you buy and do the same again.

That way you'll be in a position to assess the market with six months data and the 2010 Spring Market behind you.

FWIW

ONQ.