'Did you pay asking price for your pad?' poll discussion

Sami_Bee

Hubby paid asking price (£65k) for this place in 2005, I wasn't amused as I thought he could have got it for £60k but he believed the EA who said the vendor wouldn't accept less (we were 'just' boyfriend and girlfriend living with our respective parents then so I couldn't really insist ).
The vendor was in a lot of debt so I figure he was desperate for as much as he could get but at the end of the day the longer he stayed unsold the more debt he was in so I think he'd have accepted the lower offer after a good think.

Evilm

It depends on which asking price you go by. Our house was put up at £30k higher at first until the executors of the estate got desperate and dropped it.

We managed to get it for about 22% of the first asking price and 13% of the realistic asking price.

Edit (bought in 2008)

bobthedambuilder

We bought an old barn for renovation 4 years ago, a one-off so we had no local comparison for judging the market value. The asking price seemed reasonable and I'm pretty sure we were in competition with at least one property developer, so we bid the asking price and got it. Then spent a small fortune and 3 years doing it up! However, we've got exactly what we want and always dreamed of.

Impet_Limpet

We bought our place in March 2008 apparently it was up for £115k, we only noticed it when it was for sale at £105k (very unrealistic original price and there was nothing on property snake to back this "drop" up!!).

We viewed it a few times and then decided to offer £94,750 and then if required up it to a max of £98,000 using the HPI as our guide (we knew how much they had paid in 2005, this didn't take into account the work they had done in the meantime either)

They accepted the first offer d'oh :mad: should have gone in lower!!!

catnatlady

In Scotland, it's almost impossible to haggle the price lower as buyers bid for a property with sealed bids that are opened on a specified day. You have to guess how much 'over' the advertised price you are willing to go to secure the sale, but at the lowest possible cost to yourself. The seller does not have to accept the highest bid, but they generally do. There are, occasionally, properties on the market advertised as 'fixed price', and that's what you pay!

PeteW

I love the fact that 794 people spend the time to tell us that they had nothing to say of any value!

smk77

catnatlady wrote: »

In Scotland, it's almost impossible to haggle the price lower as buyers bid for a property with sealed bids that are opened on a specified day. You have to guess how much 'over' the advertised price you are willing to go to secure the sale, but at the lowest possible cost to yourself. The seller does not have to accept the highest bid, but they generally do. There are, occasionally, properties on the market advertised as 'fixed price', and that's what you pay!

After having a quick look on espc I'd say that almost half of properties in Edinburgh are advertised as 'fixed price' at the moment. Offers Over is fine in a active market, but, at the moment, put a decent offer in and it's unlikely to be rejected.