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How much are people offering below asking price right now in London percentage wise

5 replies

Alexalee · 01/03/2019 13:03

Exactly that really...
Be good to see what's going on in the different zones
My dd has finally bought a flat zone 6 south east 15% off initial asking price

OP posts:
AwkwardPaws27 · 01/03/2019 13:43

Interesting idea! My neighbours 2 bedroom house sold for £372,500 just before Christmas, asking price of £375k. We're East London, zone 6, in an area boosted by Crossrail.

BlueSkiesLies · 01/03/2019 14:09

Surly that depends on your view of the asking price in the first place. There is no rule about how much under to offer.

Mildura · 01/03/2019 15:52

Be good to see what's going on in the different zones

Like Blueskies, I'm not really sure there's anything useful to be gained. As asking prices are all arrived at differently, by different sellers and different agents with differing objectives there are too many variables to be able to draw much of a useful conclusion.

Sometimes getting a discount of 25% still wouldn't be enough, alternatively in other situations paying the asking price might represent a good deal.

It all depends on how sensibly, or not as the case may be, the asking price was set in the first place.

MrsPatmore · 01/03/2019 15:56

We sold at 7% off and knocked the same % off our purchase - further out in an outer London Borough. Our vendors wouldn't have knocked 10% off so your daughter seems to have a good deal! In my experience, good houses are still going fast and for almost asking price.

GETTINGLIKEMYMOTHER · 01/03/2019 18:34

Must surely depend on how realistically (or not) the place is priced in the first place.
But I can't imagine anyone with half a brain ATM offering more than 10% below asking. And very likely less.

I do sometimes have a good old nose on nethouseprices to see what a particular property in the areas I watch has sold for. One from at least a year ago (2 bed maisonette in SW17) started at just under £600k and finally sold for about £525k. So around 12.5%.

I do think any discount is likely to be more on flats than family houses, though, especially the more affordable (or rather less unaffordable) ones, since they would seem to be in short supply.

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