Home Buyers Guide

Chapter 4: Choosing the Right Property

Dealing with Estate Agents

For most of this decade, Ireland’s property market was a “sellers market”.

There was very strong demand for property and prices kept on rising. First Time Home Buyers feared that they would never get on the property ladder, and potential buyers often ended up in a bidding war against other buyers.

It was a great time to sell a house, but it sucked if you were buying.

Unless you’ve been living under a rock for the last year, you know that it’s now a “buyers market”. Prices have been falling consistently, there are less active buyers out there, and unless sellers are ‘pricing to sell’, they’ll find it difficult to shift their property.

So the tables have turned, now the buyer is in control. It’s time to use the credit crunch to your advantage.

Find out as much information as possible

When you find a suitable property, try to get as much information as possible about the seller from the estate agent.

• Are they looking for a quick sale?

• Do they need to sell?

• Are they going through a break up or divorce?

• How long has the house been on the market? (Don’t forget to check IrishPropertyWatch.com too)

• Have they had any previous offers?

The more information you have, the better insight you’ll get into whether a seller may be willing to drop their price.

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