What % reduction did you get from buying your property?

The percentage off tends to go up the higher the price fo the house (within limits obviously). My first house was bought for £217K on asking price of £228K so ~5%.

My current house I bought for £583K on an asking price of £655K so ~ 11% - will also always depend on where/when and the circumstnaces. In a hot sellers market there are very few bargains to be had. Right now it's easy to bag a bargain (so long as you can afford it/get a mortgage).
 
Richie said:
Bit diff in Scotland as its (normally) "Offers Over" so you end up paying more than what the advertised price was LOL... Stupid way of selling houses if you ask me....
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Not really as with the Home Buyers Report you have to get done in Scotland which values the property for Mortgage purposes you'll see the majority of places have an offers over -10% of survey valuation.
 
Ant84 said:
Parents have just accepted an offer on their house at a discount of 7%.

I'm convinced it's worth a fair bit more than the asking price, though. Zoopla reckons it's worth £23k more than it's been up for. How accurate is it usually?
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Zoopla is pretty useless tbh unless people in your area have been keeping it up to date when they've sold/bought etc as the rest are normally estimates which are ********
 
We looked at a house which was out of our budget. I said to them I will give you X amount and she made a call and said yes. I knew it had been on the market for ages but I offered about 20% under the price. Luckily we sold our house inside a week and moved without even thinking about moving before that offer.
 
Somewhere there's exist a time series of the average completion price to listed price ratio...

A friend of mine recent bought a place in Bristol for £155k which was marketed at £172k, so -10%.
 
Both houses I bought I paid less than one or two percent less than the asking price, why may you ask because they were cheap in the first instance in the right area with potential, no internet cookies for anyone that waltzed up to a Barratt development and gets 20% off "aren't I great".

Lets have depreciation pole instead
 
maccapacca said:
Both houses I bought I paid less than one or two percent less than the asking price, why may you ask because they were cheap in the first instance in the right area with potential, no internet cookies for anyone that waltzed up to a Barratt development and gets 20% off "aren't I great".

Lets have depreciation pole instead
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Ours is now valued at $835k so the pole would have to include positive numbers.
 
House we're buying at the mo was up for £198k we offered £180k, they said £185k we said £182k theys aid no.

3 hours later the EA rang back and said yes to £182k. Needs about £10k putting into it but a modernised one 2 doors down that's exactly the same just sold for £229k so looks like we did ok.
 
6% but only because it was reduced the day before we called up to make an appointment, it valued much higher than the asking price too, so we snapped it up :)

This is Scotland though, not the daft system they have down south. Fixed price just makes more sense and no gazzumping :)
 
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