Selling Holiday Home

23rdbuchan said:
On the other hand if you agree a set fee, there is no incentive for him to try and keep the price of your property higher than the market will bear and thus stuck on the market for an age.
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That's a fair point also. I reckon if I was to put it on the market I'd probably go the daft.ie route anyway. However, I was interested to get opinions on going the auctioneer route as well.
Thanks for your contribution.
 
Hi Lex Foutish,

By advertising on Daft do you mean selling privately? If so there have been various threads on here before with people's opinion on that with the general concensus being that potential purchasers would rather deal with a neutral body i.e. an auctioneer. I wouldn't pay any auctioneer any more than 1.5% in the current climate - advertise on daft and myhome. Try and get free editorials in papers - write in to adverising department with write up and photos. MrMan who is a regular poster on here is also very helpful - he is an auctioneer and gives good advice maybe if you wanted to pm him.

Best of luck

angela59
 

Hi Angela59.
Yeah, if I was going through daft I'd be selling privately but I find what you just wrote very interesting. It's great to benefit from people like yourself who know the aam.com scene well. I've learned a lot today.
When my wife and I were buying our first home years ago, we viewed one house which the vendor was selling privately in that he did the viewings etc. himself but if we wanted to bid on the property, we'd have had to do so through his solicitor. That was about 1990. I've never come across that since but maybe it's a more common practice than I thought.
I will definitely check out the threads you referred to and I'll also check out MrMan. He sounds like a people person.
Thank you so much for taking the time to write. I found all your comments very interesting and I really appreciate them.
 
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Hi Lex,

Thanks for the reference Angela!

First thing that stands out is the 2007 valuation, I would say best case scenario is drop by €40k depending on how accurate the valuation was and of course if the destination is very popular it may not suffer as badly as other areas. I would sit tight until after christmas because anyone looking for a holiday home isn't thinking about it now and maybe February would be a good month to go to the market.
I would go with an auctioneer rather than go it alone (I'm an EA) because it will save you money initially and in the long run. Choose an auctioneer that advertises on daft and straight away you have saved yourself the cost of putting it there because the auctioneer shouldn't charge you for this. Also do beat him down to at least 1.5 % and don't forget that doesn't include vat.
If you go to market in February you give yourself 4 months to shift it before the summer holidays and if nothing happens by then you still have the rental to look forward to. It is a difficult choice in the current market whether or not to sell up because if the market comes back within 5 years its actually not a long time to wait if you have the means.
 
You also need to consider that the average time on the market at the moment is estimated at 255 days.......and rising.
 
Mr DT said:
You also need to consider that the average time on the market at the moment is estimated at 255 days.......and rising.
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I know some people find stastics and figures helpful but sometimes they are not and you really have to take a determined approach to selling a house so pma all the way.
 

Hi MrMan.

Thank you for the reply. Angela was right. Very helpful advice.

Lex.
 
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