Irish house buying is a black box and people are sick of it. A new report says buyers don’t trust estate agents, bids feel dodgy, and loads of homes end up selling 10–20% over asking. Only 16% of buyers think the system is transparent. Other countries manage to keep asking and sale prices close, but not us. More transparency and proper online bidding is the big recommendation.
It’s been a while since I’ve dealt with buying a house, but I use these services for other things, and the lack of transparency really does make the whole process unnecessarily difficult.
DexterousChunk on
Well you reap what you sow and harvest has already happened
Camoflauge94 on
Make it so that all bids are sealed , you’re allowed to place one bid , at the end of a set bidding period the bids are opened , if the highest bid is at or above the asking price the seller MUST sell to that bidder
If the seller refuses they are penalized and not allowed to relist the property for sale for a year and are fined
This will do 2 things
1: stop estate agents pitting people against themselves by going back and forth between bidders telling them that someone has made a “higher bid”
2: it’ll stop landlords and letting agents listing properties lower than they wanted in the first place because now if someone bids at the asking price they’re required to sell.
Key_Duck_6293 on
Estate agents are the worst
Ok_Engine_9822 on
Make it so there is a fixed price on a house. It cost X to build plus markup for agent = cost of house. Bidding on a house is insane.
5 commenti
Irish house buying is a black box and people are sick of it. A new report says buyers don’t trust estate agents, bids feel dodgy, and loads of homes end up selling 10–20% over asking. Only 16% of buyers think the system is transparent. Other countries manage to keep asking and sale prices close, but not us. More transparency and proper online bidding is the big recommendation.
It’s been a while since I’ve dealt with buying a house, but I use these services for other things, and the lack of transparency really does make the whole process unnecessarily difficult.
Well you reap what you sow and harvest has already happened
Make it so that all bids are sealed , you’re allowed to place one bid , at the end of a set bidding period the bids are opened , if the highest bid is at or above the asking price the seller MUST sell to that bidder
If the seller refuses they are penalized and not allowed to relist the property for sale for a year and are fined
This will do 2 things
1: stop estate agents pitting people against themselves by going back and forth between bidders telling them that someone has made a “higher bid”
2: it’ll stop landlords and letting agents listing properties lower than they wanted in the first place because now if someone bids at the asking price they’re required to sell.
Estate agents are the worst
Make it so there is a fixed price on a house. It cost X to build plus markup for agent = cost of house. Bidding on a house is insane.
Imagine bidding on a new car