Hi everyone,
First of brilliant forum this is, have enjoyed reading through many of the threads.
Looking at listings on mainstream estate agents online,
I am a little confused with the phraseology like
FIXED PRICE
OFFERS IN REGION OF
OFFERS IN EXECESS OF
OFFERS AROUND
OFFERS ABOVE
OFFERS OVER
which is usually followed by a number in pounds (I will call this the asking price).
I assume that when people are selling a house they just want the maximum price they can get whatever words they may choose to use on the schedule.
So, my questions are:
1) Do sellers generally get at least the asking price for their property in todays economic climate?
2) Is this asking price merley a 'wish price' knowing full well that offers from potential buyers are likely to be below the asking price?
If the answer is yes to the 2nd question how much below the asking price do sellers generally accept?
thanks in advance.