What percentage of the asking price did you pay/acheive?

otter1_2

gps wrote: »

all the sellers seem to have acheived good percentages then.

Due to the nature of this website, I would expect people who come here to be reporting that they achieved a higher than normal percentage of their asking price on selling their property, and a lower than normal percentage on buying. They're all moneysavers, innit...

One_Day_Rodney

Norwich, Norfolk - 3 bed Modern Semi with Garage

Bought in January 1999 - New build £59,950 (knocked builder down by £5000 to beat the then stamp duty level of £60,000 :T ).

Sold in January 2007 - Asking price £172,500 and sold for £175,000 (101.5% :T )

My estate agents were excellent (I had knocked them down to 1% commission !) and I had guessed the right time to sell. The property sold within 6 days, with several viewers going to sealed bids. Two offered £175K and I went with the one who was cash/FTB.

My offer on an empty property I viewed was accepted same day (£4000 less than asking price :j )

Whole thing went through in 9wks, no hitches


.

gps_2

otter1 wrote: »

Due to the nature of this website, I would expect people who come here to be reporting that they achieved a higher than normal percentage of their asking price on selling their property, and a lower than normal percentage on buying. They're all moneysavers, innit...

well it depends i suppose on who chooses to post, i.e ones that had to drop their prices or ones that didn't. same for the buyers.

carolt

Also, a lot of these are a little bit out-of-date in the current market. The one above, Jan 07, for example, is positively archaic compared to what's going on now. It's only really sellers during the last 3 or 4 months, at most, who'll have had to seriously drop their prices - if my area is anything to go by. That was the point when estate agents started phoning up trying to interest us in properties we'd long since refused to have any interest in.....

gps_2

carolt wrote: »

Also, a lot of these are a little bit out-of-date in the current market. The one above, Jan 07, for example, is positively archaic compared to what's going on now. It's only really sellers during the last 3 or 4 months, at most, who'll have had to seriously drop their prices - if my area is anything to go by. That was the point when estate agents started phoning up trying to interest us in properties we'd long since refused to have any interest in.....

yes this is why i asked the original question really, to see what is happening now.

Malky

Aberdeen April 2006

Selling
Offers over £58000, sold for £85000
46½%

Aberdeen June 2006

Buying
Offers over £89000, bought for £105000
18%

Incidently, the chap who bought my flat for £85K in April 2006 subsequently sold it in July 2007 for £118K, an increase of nearly 40% over and above the 46% when I sold the flat a year earlier.

chriz1000

Just had an offer accepted at 6.5% below asking price.
House was on the market for £230,000 and got it for £215,000. That was my absolute limit though.
Not too bad to say it sold in 3.5 years ago for £201,000

Vickicb

Had two full-asking price offers on our house on Monday. House £200K in East Midlands. Both in a position to proceed. :j

IveSeenTheLight

Malky wrote: »

Aberdeen April 2006

Selling
Offers over £58000, sold for £85000
46½%

Aberdeen June 2006

Buying
Offers over £89000, bought for £105000
18%

Incidently, the chap who bought my flat for £85K in April 2006 subsequently sold it in July 2007 for £118K, an increase of nearly 40% over and above the 46% when I sold the flat a year earlier.

Agreed, Aberdeen has been doing wuite a bit of catching up with the UK average in the last couple of years

Hence why I agree with.......

Originally Posted by carolt
Also, a lot of these are a little bit out-of-date in the current market. The one above, Jan 07, for example, is positively archaic compared to what's going on now.

Since Jan 07 Aberdeen has increased approx 35%, meaning they have sold a for a lot more

You really have to look specifically at the market your are interested in.
Each area is affected differently

carolt

Which is why I think Aberdeen will be one of the hardest hit areas in the future.

But we agreed to rediscuss this in 5 years was it?