Rowena Quinn, Managing Partner of Hunters Estate Agent has some tips on the the property bidding process in Ireland and how to best navigate that with your agent. “It can feel like a rollercoaster—fast-paced, competitive, and sometimes confusing. Whether you're a first-time buyer or returning to the market, understanding how the process works can make a huge difference in both your confidence and your outcome. It’s vital to work with an agent you trust and respect. Hunters agents can bring value to the process – not only making it easier but more profitable for you”
- Get Mortgage Approval First
We always advice potential buyers to obtain mortgage approval in principle from your lender before you even start looking at properties. This gives you a clear idea of your budget and shows sellers you’re serious. Without it, agents are unlikely to consider your bids credible.
- Know the Asking Price Is Just the Starting Point
In Ireland, the asking price is rarely the final sale price—especially in high-demand areas like Dublin where Hunters has particular expertise. Due to limited housing supply, it’s common for homes to sell well above the asking price, particularly if there’s strong competition.
Hunters agents have knowledge of the market. We live and work close to our four offices in Dalkey, Foxrock, Donnybrook and Rathfarnham. We know of recent sales in the area, not just asking prices. Websites like Daft.ie and the Property Price Register can give you realistic benchmarks too.
- Making an Offer
Once you find a property you like, submit your offer through us, usually by phone or email. Offers are non-binding until contracts are signed, which means the process can shift rapidly.
We will submit key details with your offer:
- Your offer amount
- Proof of mortgage approval
- Proposed timeline for closing
- Any conditions (e.g., sale subject to valuation or survey)
Being flexible and prompt with communication gives you an edge.
- Dealing with Counteroffers and Bidding Wars
Bidding wars are common, especially in Dublin and high-density areas. Hunters agents have expertise here. We are required to pass along all offers to the seller, and they’ll usually inform you when you’ve been outbid. You’ll then have the option to increase your offer.
- ‘Sale Agreed’ Is Not the End
Once your offer is accepted, the property is marked “sale agreed.” At this point, the seller takes it off the market, but nothing is legally binding yet.
This is when you arrange:
- A surveyor’s inspection
- Final mortgage approval
- Your solicitor’s review of contracts
Until contracts are signed, either party can pull out, so move quickly and stay organised.
- Contracts and Closing
Once both parties sign contracts and the buyer pays a deposit (typically 10%), the sale becomes legally binding. Closing usually happens within 4–8 weeks, depending on how quickly the legal process moves.
