{"id":189467,"date":"2025-12-13T09:27:10","date_gmt":"2025-12-13T09:27:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/189467\/"},"modified":"2025-12-13T09:27:10","modified_gmt":"2025-12-13T09:27:10","slug":"estate-agents-are-underestimating-asking-prices-to-create-bidding-wars-among-first-time-buyers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/189467\/","title":{"rendered":"\u2018Estate agents are underestimating asking prices to create bidding wars among first-time buyers\u2019"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">\nHomes in Ireland regularly sell for well above their asking price and buyers are frustrated by what they perceive as a lack of transparency and a suspicion of \u2018phantom bids\u2019 designed to push prices higher\n<\/p>\n<p><img decoding=\"async\" alt=\"\u2018Every bid should be logged\u2019: Ciar\u00e1n Mulqueen, creator of the popular Instagram account and podcast 'Crazy House Prices'. Photo: Frank McGrath\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/efdb93fb-ec4b-44ee-b7d2-f27f190a7846.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">\u2018Every bid should be logged\u2019: Ciar\u00e1n Mulqueen, creator of the popular Instagram account and podcast &#8216;Crazy House Prices&#8217;. Photo: Frank McGrath<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">In early October, a burnt-out house in the Finglas area of Dublin went on sale with an asking price of \u20ac225,000 following an arson attack. The estate agent\u2019s promotional video went viral across the internet when the auctioneer described the house as a \u201cfantastic opportunity for anyone looking for a project or investment\u201d.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Auctioneers have always had a talent for florid and upbeat descriptions of their properties. Beware the \u201ccosy residence with convenient transport links\u201d. It\u2019s likely to be a tiny wreck of a home next to a busy road.<\/p>\n","protected":false},"excerpt":{"rendered":"Homes in Ireland regularly sell for well above their asking price and buyers are frustrated by what they&hellip;\n","protected":false},"author":2,"featured_media":189468,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60,102077,279,47554],"class_list":{"0":"post-189467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-kim-bielenberg","12":"tag-review-magazine","13":"tag-rory-hearne"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/189467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=189467"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/189467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/189468"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=189467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=189467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=189467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}