The phantom bidder who keeps outbidding me is a real nuisance
rom9 on
And just like every other sensible ESRI flag/recommendation, this will also be ignored, cause some pockets need to be lined lol.
caisdara on
It’s a very silly article.
In countries where you aren’t allowed bid – hello, Mr Constitution – the solution is just to set extremely high asking prices.
Instead of setting a price of €500k and hoping for bids to take it up to €600k or €700k you set the price at €1 million.
TesticulusOrentus on
Yes it does but what about estate agent’s commissions? We need to look after them too!
throughthehills2 on
Yes but I paid for my house like this so we cant change it or I will lose out s
Aikune on
I bought my house last year in Sweden. This is how it goes down. House is put up on website there js a very popular one nearly everyone uses. It’s not cheap to but your house up there. There is another cheaper website that’s less nice bur has good information and you can use it to look at the history of what the house was sold/bought for.
Anyway house is on website, you can contact the realtor to find out where viewing is. You go to viewing if you are interested you bid. You text the realtor your offer. One the website you can see the bidding process but names are hidden it’s just „buyer 1 buyer 2 etc“ so you can see if its the same person who bid against you but you don’t know who it is. I am not certain of this but I think you can check after the bidding is done.
Congrats you win the bid, you will sign the contract in a day or two after the bid is closed. You will agree with thr seller the date of entry. The buyer will pay the seller some of the amount of the house (its there so that the seller gets something if you renege on the contract) and it’s done. Then on the day of the entry you and the seller meet in the realtors office and do the last signing and the realtor will contact your bank to hand over the rest of the money and activate the mortgage, and that’s it.
Don’t even get me started on how simple the mortgage application was.
I have no solicitors fee as there are none involved. It’s the seller, buyer and realtor (and the bank funding it)
In my case the bidding was one week long. After I won I signed the contract 2 days later on a Sunday morning, and the „strange“ thing about mine was that they sellers had not found a new home do they asked if I could wait 3 months before getting the keys and I agreed (it gave me more time to save as I was now poor because bought house).
That’s how simple it was. There is a house tax you have to pay when gain entry too that is 1.5% of the price you paid for it, but that bank takes care of that at the same time they start the mortgage.
Hearing how it is back home in Ireland sounds like a fucking shitemare.
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7 Kommentare
Quelle surprise!
Making bids public might be a start
The phantom bidder who keeps outbidding me is a real nuisance
And just like every other sensible ESRI flag/recommendation, this will also be ignored, cause some pockets need to be lined lol.
It’s a very silly article.
In countries where you aren’t allowed bid – hello, Mr Constitution – the solution is just to set extremely high asking prices.
Instead of setting a price of €500k and hoping for bids to take it up to €600k or €700k you set the price at €1 million.
Yes it does but what about estate agent’s commissions? We need to look after them too!
Yes but I paid for my house like this so we cant change it or I will lose out s
I bought my house last year in Sweden. This is how it goes down. House is put up on website there js a very popular one nearly everyone uses. It’s not cheap to but your house up there. There is another cheaper website that’s less nice bur has good information and you can use it to look at the history of what the house was sold/bought for.
Anyway house is on website, you can contact the realtor to find out where viewing is. You go to viewing if you are interested you bid. You text the realtor your offer. One the website you can see the bidding process but names are hidden it’s just „buyer 1 buyer 2 etc“ so you can see if its the same person who bid against you but you don’t know who it is. I am not certain of this but I think you can check after the bidding is done.
Congrats you win the bid, you will sign the contract in a day or two after the bid is closed. You will agree with thr seller the date of entry. The buyer will pay the seller some of the amount of the house (its there so that the seller gets something if you renege on the contract) and it’s done. Then on the day of the entry you and the seller meet in the realtors office and do the last signing and the realtor will contact your bank to hand over the rest of the money and activate the mortgage, and that’s it.
Don’t even get me started on how simple the mortgage application was.
I have no solicitors fee as there are none involved. It’s the seller, buyer and realtor (and the bank funding it)
In my case the bidding was one week long. After I won I signed the contract 2 days later on a Sunday morning, and the „strange“ thing about mine was that they sellers had not found a new home do they asked if I could wait 3 months before getting the keys and I agreed (it gave me more time to save as I was now poor because bought house).
That’s how simple it was. There is a house tax you have to pay when gain entry too that is 1.5% of the price you paid for it, but that bank takes care of that at the same time they start the mortgage.
Hearing how it is back home in Ireland sounds like a fucking shitemare.