All over New Zealand, houses that carry a price sell for close to that figure. In Auckland, Hamilton and Wellington, the average sale price is under the asking price by within 6%. In Tauranga and Dunedin, it’s a little lower; and in Christchurch, you can almost just transfer the asking price straight to the seller’s bank account.
https://www.westpac.co.nz/rednews/property/asking-price-vs.-sale-price-are-you-paying-too-much/
If you're not happy with the property, the price will never seem fair, even if you get a bargain. Even if you pay a little over market value for a home you love, in the end, you won't really care. Test the Waters. Even in a seller's market, you can always offer below list price just to see how the seller reacts.
http://www.investopedia.com/articles/mortgages-real-estate/08/fair-price-on-home.asp
Bidding below listing price. Bidding for a property below its asking price is very common during a buyer’s market. A buyer’s market occurs when there’s a surplus of homes on the market relative to demand from sellers. Many experts advise against bidding more than 10 percent below the asking price. However, you can sweeten a relatively low offer price by guaranteeing the seller a quick closing and a large earnest money deposit.
http://www.homefinder.com/research/making-an-offer-on-a-house-58id
Is there a percentage a seller will mark up the price of a home? For example, if the asking price is $114,000 is an initial offer of $95,000 too low? Although you can always offer whatever you want, yes, $95,000 is generally too low too offer for a home priced at $114,000.
http://www.realestateabc.com/answers/offers.htm
Sellers usually mark up the price a little because they realize most buyers aren't going to make a full price offer (though in different markets you can get offers ABOVE the listing price). In your example above, you were offering almost 15% below the listing price. much, just a few percent.
http://www.realestateabc.com/answers/offers.htm
In this scenario, it would make sense to offer less than the asking price. If the comps were very similar to the target house, I would probably offer somewhere around $250,000. If the seller shot that down without so much as a counteroffer, they would be foolish.
http://www.homebuyinginstitute.com/homebuyingprocess_article9.php
In 'sellers' markets,' real estate sellers frequently see offers at asking price or above. In 'buyers' markets,' real estate sellers may see few if any buyer offers at asking price and many offers at below asking price. Lastly, a hopeful real estate buyer's initial offer, when below asking price, is usually intended to elicit a counteroffer price from the seller.
http://homeguides.sfgate.com/real-estate-asking-price-vs-offer-price-49364.html
Together with asking price, the offer price of real estate normally serves as the basis for negotiation between sellers and buyers. Naturally, real estate sellers are trying to obtain the maximum sales price. Just as naturally, real estate buyers want the lowest sales price possible for their hoped-for purchases.
http://homeguides.sfgate.com/real-estate-asking-price-vs-offer-price-49364.html
You've been told by a friend of a friend that you should always offer below the asking price when buying a house. So after viewing my home a couple of times, you decide to make an offer for $245,000 -- $15,000 below asking. Your offer is good for 48 hours, so I have a couple of days to think about it. The next day, I get another offer from a potential buyer. This person offers $255,000 -- $5,000 below my asking price.
http://www.homebuyinginstitute.com/homebuyingprocess_article9.php
Sellers usually mark up the price a little because they realize most buyers aren't going to make a full price offer (though in different markets you can get offers ABOVE the listing price). In your example above, you were offering almost 15% below the listing price. They don't mark it up that. much, just a few percent.
http://www.realestateabc.com/answers/offers.htm
how much below asking price on real estate?
Many experts advise against bidding more than 10 percent below the asking price.