I am just curious to hear your experience in houses which you or a friend (or someone) may have recently bought.
For houses which have not been sitting in the market for years, which is the average % under (or over!?) selling price from the asking price?
I know this depends on many different factors (location, demand, circumstances of the seller, etc, etc) , I am just interested to hear your experiences. I always heard of the 10% mark under the asking price as an average rule.
It has changed a lot in the past 18 months. I think 18 months ago it would have been 10% and a 20% discount was possible, but now I would put it at less than 5% for the average house that goes sale agreed. this in the places I am looking which in Dublin, not sure if the country is much different.
I bought last June and paid 8% under asking but would agree with bml that it would be less now in the area I bought in (SCD). It would appear that houses are going for in and around the asking price and some over. I have several friends you are bidding at the moment and vendors don’t seem to be considering low bids (i.e. 10% below asking asking)