What percentage did you get off the asking price?

[James]

Just wondering what percentage you got off the asking price, if you bought a house recently. I heard that you should ask for 5-10% these days.

J.

[gkd_uk]

I purchased one around 7 months and got 4 thousand pounds off the asking price.

[temi]

I bought my house 6 years ago, I think I manged to knock about £5,000 off.

[Tony]

Well there is a David Mclean new build near me that was sold £189,000 five years ago when I move into my house and it is now £169,000. It is a Barratts' Oakleaf part exchange home and they are also offering 5% deposit paid. It is a bargain if you ask me can't imagine it going an lower

[temi]

Home purchase wise, its a buyers market, but getting a mortgage is no joke this days.

[Paul Carcone]

If you are in the position to cash-buy, a new build property can be snapped up at around 50% of the asking price as developers are on their knees for working capital and lending is drying up in this particular segment of the market.

Otherwise, the amount you get off the asking pice will depend on the desirability of the property. Some properties will be affected by the banks' reluctance to lend and the economic slow-down more than others. Unfortunately, for people who are still waiting to get on to the ladder, there is still a sizable demand for first-time type properties and the discount here are still likely to be negligible...

It also depends on factors such as whether you are in a chain and how desperate the vendor is to sell the property.