To ask about the difference between property asking prices and achieved prices?

[Flossyfloof]

Would you generally say that asking prices are higher than prices achieved?
About 10% lower ? I can't find any supporting info for this assumption but I am sure someone on here will know !

I think of it goes within the first few weeks of being on the market then it's either asking price (or very close to) or higher. If it's been on the market for loner then it will go for lower. We bought our London flat for about 9% under about 6 years ago, sold it for about 2% less and bought a house in Kent for about 3% less. I don't think there's a set rule and areas/popularity do factor.

We paid more on ours, 3 asking price offers were made. We went a bit higher because it was perfect for us, we made crazy profit on our London terrace and needed to move asap to keep our buyer before they lost their mortgage offer.

Paying quite a bit over meant we could call the shots, we got the completion date we wanted and they certainly pulled their finger out.

Before that we lost out on a house we liked, our chain collapsed, w'd offered slightly under, it was accepted but they were dragging it out to try and get another buyer we think.

So I guess it all depends on what you can afford, sometimes knocking off a couple of grand can be a waste of time because if a chain has collapsed you've lost more than that on fees, surveys etc.

If you buying a home and not an investment then paying what you are happy to pay is all that matters.

Near where we are asking price or sealed bids unless the house etc is over priced in which case it sticks...