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AteMoose

If You Were To Buy A House Now... What % Under The Asking Would You Pay?

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I put 20% some of the crap im seeing at 210K, id pay 170-175K just to end this saga and get my life back.

Effectively 2004 prices which were a national disgrace.

Edited by Corruption

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Like Bruce said.

It's pointless though trying to offer 40% off a price for someone who's 'not going to give it away'. In all reality 20%, but it would have to have already been reduced 20% in asking price.

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30% for me. Which I did (repo). PP + spend on work is still c15% below asking.

I've only got access to the same trade rates as most, so I'm guessing this house I'm in was c15% overpriced (even if it was in good condition - which it definately wasn't).

When I was looking around last year, I couldn't get anyone to budge more than 10% so I went down the repo route, as banks seemed to be less detatched from the emotional value of what's on their books and take a more pragmatic view of "value".

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Outside London, at least certain areas, where prices fell 20-25% from the 2007 peak. I would be offering 10-20% below the asking price which wouldn't be cheap but would seem like a fair price.

In London however some places seem to be 60 or 70% overpriced from fair value! Not that anyone would be interested in taking my offers....yet!

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Some sellers think buyers think like this, so they up their asking price by the percentage amount they expect the seller to offer under by. Then they change estate agent when they get no viewings.

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