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TheTick said:We are selling a 2 bed apt in Dublin.
We went with an est agent who told us our 2 bed would get about 390K but to market it at just over 400K then drop the price to rein buyers in but things were slow. A few weeks later he dropped the price to 365K to generate some interest.
We were doubtful, as we thought it was too much of a drop and would
look dodgy esp as we had no intention of accepting anything less than
381K but we decided to trust he knew what he was doing.
However, we're doubtful buyers will go to >381k if they think the asking price is 365k. Our apt is a top floor apt and a ground floor in our complex sold for 381 a month ago. Now the est agent is telling us the market is slowing down and we should take 365K (current highest offer)....any advice?
Anyone else selling an apt in dublin and finding things are slow? We are thinking of taking it off the market altogether and possibly going with another est agent in sept or maybe waiting a while... or should we try to gt it sold before teh september rush... or will there be a september rush?
CelloPoint said:My opinion: Sell it now. Ignore the relative price differences, take your profits and emigrate out of this country as soon as you can.
gravitygirl said:tbh interest rates are only going to go up, taking a bit out of the market anyway. is it city centre based or further out? if it's the former you may get luckier with rising demand in september and get a couple of interested parties who try and outbid each other. but it's not without risk. i get the impressions it's been on a few weeks already and it's hard to drum up interest when thats the case i feel, as most ppl who are interested in similar properties have probably already viewed it, or ruled it out. good luck with it anyway!
(id probably take the offer)
phoenix_n said:Is it something like this [broken link removed]
The market you are targetting is FTB or investors neither which are anxious to commit at the moment.
Dave Dub said:Unless you are under pressure to sell why not remove it from the market, add a few things that might give it a big more of a bite e.g. flat screen tvs are expected to be much cheaper in about 6-8 weeks apparently due to a significant reduction in costs and oversupply, add a new appliance to the kitchen, lamps, large mirrors (maybe even just a paint job). Stick it back on the market in 2-4 weeks and hold out for what you feel it is worth. I do think though that at 381K in D12 you would be getting quite expensive unless you are near very good transport links or it is the closest part of D12 to city centre. Maybe put two single beds in one room to entice a FTB so that they could see the return from Rent-a-room to two students sharing?? Hope that helps
liteweight said:Estate Agent had no right to drop price to 365k without consulting you especially if you weren't willing to accept anything below 381k. Remember estate agent works for you. As Glenbhoy said, the summer is slow and perhaps not the best time to sell. It appears from your post that you would not be happy taking 365k for property. I agree that estate agent has made it look as if there's something dodgy going on with an apartment whose price has dropped from 400k to 365k in a matter of weeks. I'd take it off the market if you're not in a rush to sell and I would definitely put it with another estate agent next time.
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