Sellers - how close to asking are you/ did you hold out for?

Catatonia

Just out of interest (and as, as you can see from my other thread, I've had an offer of 90% of asking turned down), I was wondering how much of a reduction the sellers on here are willing to give from their asking price (or did give if you have sold)?

I know it varies according to how much the asking price is, and how competitive it is, but I thought it might be interesting. Of course, if you get an offer of the full asking price straight away clearly you'd accept that, but say it it was on for over three months, how much would you accept?

I recently sold a house for £187 which was on for £200k (house on same street sold a couple of months before for £214k, which was in better nick but much smaller) and was pretty happy with that (93% of asking).

Philippa36

We have sold our house for £151k - we originally put it on the market at £165k expecting to drop to £160k but 16 months on, we have finally exchanged with our 3rd buyers accepting the offer above.

We have bought at £301k - the house was up for sale at £325, listed August 17th and we offered at the beginning of October.

hazyjo

I think a lot depends on if the seller's found somewhere to go...

Mine was on the market for £265k. Bloomin' stamp duty meant it had to be reduced to £250k. Took an offer within 2-3 weeks of £248k. Fell through. Back on market, same price. Found a perfect house, considerably less than the other house we were going to buy which gave us a bit of room to move on price. Accepted an offer of £230k and dropped the house we're buying by £15k. All swings and roundabouts. If we'd not found that perfect house, I'd not have taken less than £240k-ish. Not for a while, anyway. Houses are still selling quite well in my road and the surrounding roads, so I would have had to play the waiting game.

Jx

rilou81

Brother in laws house has just sold after 7 months on the market. on at £120'00, only 3 viewers and got an offer of £117'500 - shocked!!!! He is very lucky!

Ours is looking to drop 5K in Jan. On at 110'000 will drop to £105'000 wont accept less than £98'000 as others are going around this price and more x

nell53

Hazyjo is right. Before my buyer died, I would have accepted up to 40k reduction [10%] as I had somewhere I really wanted to buy. Now I've lost both, I'm not so desparate to sell at any cost, so would be inclined to hang on to closer to asking price. Ridiculous really, because I know I would be in a better position to haggle had I sold. Nothing on market that even interests me in going to have a look.