To ask what you paid for your house v asking price

[Whattodowhattodooo]

DH and I are (relatively old and inexperienced) first time buyers.

Can I ask what you actually paid for your properties in relation to the actual asking price.

I want to go in with a rough guide %wise as to what to offer..... GO!

Asking price £200k, paid £190k, wish we'd offered less, frankly, about £175-180k. We were starry eyed first time buyers who ignored the crap fence, 20 year old bathrooms (main bathroom didn't have a shower FFS) and water stained conservatory floor, no counter top in the utility (original owner had one of those MASSIVE smeg fridge-freezers so couldn't put a counter in there) and the fact that the loft didn't have a fixed loft ladder. Oh, and we overlooked the fact that the boiler was 20 years old.

This is hugely dependant on where you're thinking of buying tbf. Different places, different %s higher, lower or asking price!

First flat bought 2006 - on for o/o £59k paid 70k.

Second flat bought 2009 - on for fixed price £99,500 paid £99,500. It was a repossession sold as seen and worth £125k on home report.

Current house - on for o/o £225k, paid £205k. It was owned by cala who had bought it as a trade in for one of their new builds and they'd been struggling to sell. Worth £225k on home report.

I live in Scotland btw.

On at 160k, paid 145k

2011 paid £246, was up for £250. 3 bed semi in one of most expensive cities in U.K.

and the fact that the loft didn't have a fixed loft ladder.

My house doesn't even have that now!! What's wrong with a step ladder?

2009, asking price 125k, offered (and accepted) 118k (it was the exact amount they had paid for it 4 years previously, researched on Nethouseprices.com as we thought they wouldn't want to make a loss)

We ended up paying asking price, we offered a little below (can't remember exactly what) - they declined and pointed out they had reduced it by over 10% the week before - had we viewed the house the week before the reduction we probably would have offered over the current asking price

Asking price 245k, paid 239.

The asking price was £250k. I paid £225k (2013). It's now valued at £300k.

£300k, paid £284k in 2013

It was a while ago - £ 199.950 paid £170,000 .

2019, first time buyers, was on for £175k, reduced to £170k, we got it for £165k. Was the cheapest house on the street, as most go for £200k+, it needs a lot of work, but I still feel like we got a bargain tbh, as other than making an open plan kitchen diner, the rest of the work is only cosmetic (Windows, roof, heating etc are all fine) and we do the vast majority of it ourselves, so it doesn’t cost a huge amount.

We sold our house last year to first time buyers for full asking price. We bought our new house at the same time, for 5% less than asking price.

The area we live in is extremely popular and not many properties come on the market, which impacts how much people can negotiate. To give you an idea, our property for sale went online on a Friday, by Sunday we had 5 viewings arranged, and by Monday we had accepted an offer on the second viewing.

Asking £1.75m 6 years ago. Paid £1.755m. There was another buyer so we had to up our offer. I begrudged those fuckers every last penny of that extra £5k.
And they left a bag of vibrators in the loft.

11 years ago. On the market for £230k and after a lot of hard negotiations on my husband's part, we paid £167k. We have done a huge amount of work and a massive extension. It's now worth £310k well it was!!!!

On the market for 365 and we offered and paid 335. 10 years ago.

Asking price 420K, we paid 405K - about three years ago now.

Asking £375

Under offer at £357 prior to COVID-19

Contemplating renegotiating. Having a headectomy about it all. Even thinking of looking for something 100k less and being mortgage free.

Luckily we sold ours for full asking price (bidding war with two buyers) beginning of the year and we moved into rented.

We paid 15% less for our house as we were cash buyers with no chain as we sold our flat and moved into a short term rental while we looked for a house that is now our forever home 😍 x

2002 - on at 95k paid 93k
2008 - on at 450k paid 403k (sold old house for 147k)
2014 - on at 720k paid 670k (sold old house for 450k)

As others have said it entirely depends on the property market and the house itself. Our current house has been on the market 2 years, originally for 800k but had dreadful decor.

We exchanged in March. On sale for £340k paid £333k

We made an offer of 158,000 on a house for sale at 160,000

Although the house was in a bit of a state there was stiff competition for it but we were the first to sell our house (and the last to go on the market...house sold quickly)

We had an offer of 138,000 for our house on at 140,000 (i think) which is why we dropped our offer

Asking price £235, wasn’t worth that at all. Tried with a low blow offer but they weren’t having it. Ended up paying £219500, sounds good but had to replace the roof.

£320k asking paid £342k

Scotland where you have a closed bidding system

In terms of the price increase from when they bought it that sounds about right. Our 3 bed has gone up over £100k in six years.