Warum Irlands Immobiliengebotssystem die Preise und FOMO beeinflusst
https://www.thejournal.ie/house-prices-ireland-13-6847585-Oct2025/
Von Banania2020
Warum Irlands Immobiliengebotssystem die Preise und FOMO beeinflusst
https://www.thejournal.ie/house-prices-ireland-13-6847585-Oct2025/
Von Banania2020
12 Kommentare
The agents are not your friend in this either. It was routinely suggested to us that we put in 10k bids to ’show we were serious‘ as if a 6 figure payment was not.
At one point, we were called to put in a bid 10s of thousands more than the current bid despite already having the highest bid because ‚that is what the sellers expected.‘
Any suggestion you slow things down or were happy to wait and see was met with hostility! God they were sickening to deal with.
Move to closed envelope sealed final bid system.
Cut the nonsense .
What pisses me off is that despite already overpaying a lot for a second hand house, the seller:
– Gives practically no freebies – like come on, you already made a shit tone
– Removes most of light fittings despite the effort required
– Leaves two ancient appliances that I would have to pay later on to dump
– Leaves appliances that break within weeks
This is not good enough tbh.
And this is the house that was least overpriced from our 3 choices we were bidding for. The other 2 had insane bidding (close to 40% of asking!) and bullshit final price. I am not paying a mansion price for some middle of nowhere house.
We need to start taking action on estate agents and communicating that yo our local TDs.
It needs to become a much bigger talking point.
It’s cute calling it a “system” 😂
As I’ve typed before,this system is now officially broken.
Auctioneers asking if our house is “ Sale Agreed “ we say no “ better get it done „, Properties not the same in reality as they look on daft, with addresses that really aren’t accurate.
Properties allegedly gone sale agreed only to be left up on online portals for months. Having outbid all the others over a few months and having another higher bid arrive.
Lack of communication, we had to call them everytime. Finding out during bidding that the property doesn’t have correct planning.
We appreciate that the seller wants to maximise the price, and that’s the Auctioneers job, but it’s very one-sided.
Wrote a letter to Minister, department didn’t know the department who dealt with my complaint, it was theirs, got BS letter back….
We are now going to look abroad.
Edit, the rules that auctioneers operate under are over 20 years before the digital marketing age too. My best friend just sold a house in the UK and within a few hours the online advertising read “ sold STC, subject to contract, that alone would be an improvement here.
I can understand bidding and all that being in a commercial market. While understanding sellers and agents need to make (extortionate) profit, I have been through two purchases and in both cases the seller doesn’t have all the documents ready to do a sale.
This needs to be regulated so that houses can’t be listed for sale unless they have everything ready to go from the seller’s side. It has added at least six months to each transaction.
French system requires the vendor to accept the first offer that matches asking price. That’s the way it should be.
Remember the estate agent works for the seller not for you
It’s a matter of perspective, as a buyer it is sh*te, but as a seller you wouldn’t have it any other way! Don’t kid yourself!
Anonymous bids allows auctioneers to game the system. A public auction would be a lot more transparent.
The solicitor of my deceased aunt organised a valuation of her house for probate last week. He came in and estimated the house would be worth 650k but then went on to say that he would advertise it for 625k. More than a little misleading for prospective buyers.