Is this Greed or am I getting Old and Cranky

[bertandernie]

Hello,

Does anyone else feel that the "Sealed Bid" method for buying houses in a "New Development" is Greed or am I getting Old and Cranky ???

This is happening at a new development in Malahide called "Galtrim Grange", where buyers have to submit their bid in a sealed envelope accompanied by their 5,000 euro deposit. The deposit will be returned if the bidder is unsuccessful. The selling agents give guide prices for the houses, but say that they expect some of the houses to sell for well above the guide price.

I know that people will argue that this happens for 2nd hand houses, but for a new development it really seems to be trying to squeeze every last cent out of buyers.

Any views welcome.

yes this is greed ..just a way to squeeze as much as possible out of buyers....new developments should have a set price.....dont bite !!

 

[pricilla]

Do they bid on a specific number house, or are they just paying to get into the estate and the highest bidder has first choice of houses?