Originally Posted by
RichardPON
And? Standard practice to bid at least 10% lower than the asking, and even more so in this market.
Our property company has never paid the asking price for a property ever.
I agree, BUT..
There were a LOT of documented cases last year of property selling well over its asking price, especially in london, and my mate and his mrs put thier ex-council 2 bed on the market last september, was sold for 7k OVER the asking price the next day..... they had over 15 offers in a day!!!
Just shows (IMHO) that the market is slowing big time...I was going to buy last year, but decided to wait a while and bought an escos instead
,might have paid off if it does sink a bit
..
As I said, it's great for all us first time buyers as it was stupid last year, shoe-box properties were fetching a fortune in decent areas.