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Seven Deadly Questions When Bidding on a House

March 1, 2018 By CadenGrimesEstate

Buying a home is tricky in this market – though some people actually enjoy the process. But for most it is time consuming and nerve wracking. Let’s assume you have your desired locations, your budgets and your finances in place.

Once those essentials are done, getting your thoughts in order is the best start for your weekend House Hunting Expedition.

1. Ask if the Agent if the house has been upgraded in recent years – knowing that the wiring, plumbing, heating, insulation are or aren’t up to scratch allows you assess the impact that will have on your budget. And don’t forget the Building Energy Regulation (BER) Certificate.

2. Find out what’s included in the sale and what may be bought. There may be some items of furniture that are ideally suited to the place, the integrated appliances may be available at a bargain price and might help your budget.

3. Is planning permission or architects exemption certificate in place for any extensions? If not that can really delay the sale.

4. What is the sellers’ status? Is their new house ready for them, are they sale agreed on it? Are they reliant on the proceeds of this sale to complete? The big question here is “when do they want to close”. Make sure that fits in with your plans.

5. Ask for a second viewing if you are interested. It is surprising what can be missed in one viewing. And drive around the neighbourhood, look at the condition of houses in the area. I always note the condition of the cars, it says a lot.

6. The agent is paid by the seller and is not your friend, that’s true. However – if s/he is a professional s/he will appreciate a buyer who knows what they are doing. Feel free to ask about the other bidders – are they mortgage approved first time buyers or are they in a chain. Knowing that helps you negotiate.

7. And don’t be afraid to put in an early bid, yes you can go low, but not so low as to be an insult. You don’t want the Agent or seller to think you are not a serious contender.

What happens when your bid is accepted? info@CGEstates.ie to request a copy of out First Time Buyers Sales Process Guide.

And our very best wishes to you, it’s a trying time and we wish you well.

Filed Under: Blog Tagged With: bidding on house, sales agent, sales my house

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    Testimonials

    Mary One Property

    "We first engaged Gerry Grimes to find a tenant for us in 2005 and have been using his services ever since. We don't even consider contacting another agency when we are looking for new tenants. Gerry's judgement has always been sound, the end result being that our property has been let without major gaps in tenancy and the clients were long lasting and reliable."

    Helen One Apartment

    "Property for People has proven themselves to me on a number of counts. Rapid response to queries, a comprehensive service leaving no loose ends when leasing and most importantly the genuinely sound tenants that they found for the apartment."

    Peter Weston Investments, Various Commercial and Residential Properties

    "Gerry rents and looks after my investment properties. Rents, problems, leases are all under his control, he takes a huge amount of work from me. He’s very reliable and quick to get back to me, an excellent manager."

    Jini & Terence Rooney One Property

    "PropertyforPeople has managed our property for the past four years. He consistently conducted his business expertly, efficiently and with minimum intrusion to us. He secured several excellent tenants who left the property in impeccable condition. Based on the high quality of service that we have received from Gerry, we would gladly recommend his services to anyone seeking a reliable property manager."

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