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Kezza10

Bid Higher?

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I'm looking at a 4 bed detached house in Ballyhackamore area. it's on at 95k more than its rateable value. I bid 65k less than the asking price but it was rejected and agent said it's not enough. Do you think I should put in a higher bid or sit tight and wait for prices to drop? It's had no other bids and I'm in a position to move.

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I'm looking at a 4 bed detached house in Ballyhackamore area. it's on at 95k more than its rateable value. I bid 65k less than the asking price but it was rejected and agent said it's not enough. Do you think I should put in a higher bid or sit tight and wait for prices to drop? It's had no other bids and I'm in a position to move.

What is the rateavle value, and what EA is it on with?

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I'm looking at a 4 bed detached house in Ballyhackamore area. it's on at 95k more than its rateable value. I bid 65k less than the asking price but it was rejected and agent said it's not enough. Do you think I should put in a higher bid or sit tight and wait for prices to drop? It's had no other bids and I'm in a position to move.

:blink:

Edited by headmelter

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Sit tight or rent rent rent if you need to move/want a bigger place. Ballyhack is up and coming and improving, so I think it will have a higher market rate at the moment than others. So the issue really is (and for other forum members); are houses reasonably priced or not and what is likely to happen to them.

If you do buy you can say goodbye to your deposit (IMO), so why not rent for 1/3 of the cost while you watch the market drop.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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