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Offer what YOU think the house is worth.
Marg
i guess what i'm asking is what is the standard discount ppl expect when selling?
Would depend on the location,if the vendor has money-marrriage problems one thing to think about is the real estate agent does not own the property ,the title is only in the vendors name or names and the RE only acts on behalf of the vendors,some people in this site have bought properties at under 30% over the past few months ,so 30% off is a good starting number,after all all the R-E can say is no,some AREA'S? in Brisbane the sales numbers are down by over 50% from the highs over the past few years..imho..willair..thanks marg... very good point
i guess what i'm asking is what is the standard discount ppl expect when selling?
I'd be looking to buy at 30 % under market at the moment , so starts somewhere under that .
Cliff
If you do get it 30% below the asking price don't be surprised if it only values up to sale price.
RightValue
I'd be looking to buy at 30 % under market at the moment , so starts somewhere under that .
Cliff
This is only when you do not care if you want this house or not. 99% of cases offering 30% off asking will get a two-word answer. The second word is "off". And you can get 50% of opportunity to get "Never come back" on top.
I do not know about Brisvegas, but in Sydney buyers market is over. Want the property - do not ask for more than 5-10K discount.
Do not care - employ Chinese strategy. These guys palce offers on every property they see. Then choose among accepted offers (rarely any).
I agree, 30% in the lower to middle range would be difficult...............
Big T