House offer price

mug098

Hi all, forgive me as no doubt this has been asked many times.
I am in the process of viewing houses, i dont want to go over the £215.000 mark.
I there a general rule as to % of the house listing price compared to sale price.
With not going over the £215.000 mark what listed priced houses do you think i can look up to in order to get it down to the price im looking at.
I know they are all different but wasnt sure if estate agents over advertise the house value by a certain % knowing it will get knocked down in price.

michaels

Depends on local market conditions.

Best to ask on the house buying and selling board as this board is more to debate the theory than answer specific questions of this sort.

Mistermeaner

set your rightmove at 250k and go from there

Newtown

depends on the area.

I am based in Bournemouth and housing market here is Nuts !

You got to offer the asking price in most of the cases. (Unless you are buying a house no one else wants touch). Good area Good House you will always have to pay a bit of a premium.

(My thoughts)

steampowered

It will surely vary a lot. Some estate agents will price higher to win business; others will price lower to get a quick sale. Some home owners will listen to their estate agent; others will ignore them.

I think you need to look at what similar houses nearby sold for recently to determine what you should offer, rather than at the asking price.

[Deleted User]

My dad put his flat on the market last month he received and accepted an offer for the full asking price within 7 days, the property he is buying he offered 5% below asking price and they accepted.

Shaka_Zulu

Up here it is offers over and you better be prepared to pay 15-20% over the asking price.

gycraig_2

Every house I looked at seemed to sell for asking price. You could be waiting a long time with this strategy

mark5

Where I am, I would guess about 220 for the majority of houses, of course you always get the odd few houses sitting on the market with an inflated asking price.