-
just double checked the numbers - we got 24.7% over HR. I'm sure there are some 30%s out there but must be rare. anything above 12-15% is just loopy to me - people who bought our last place will never make that back, I don't think. I'm sure I checked prices on that street again recently and there were some sales around the same time that were around par but the market had subsequently corrected downwards again
cozzzzzzzz-
Thanks @cozey and @konastab01 very useful info.
I've been looking in Lothian(s) and the average from the ones I've (unsuccessfully, thus far) bid on is valuation at ~£190-200/sqft and selling at 20-26.5% of valuation. That's only an average of three houses though. I paid around 12% over valuation for my flat but that was then, and this is now...
Edit: also come to think of it the one sold at 20% over valuation was in Berwickshire and they very quickly accepted an offer without setting a closing date, so presumably were in an undisclosed hurry
Cupcakes
Is 30% over valuation the highest you've seen?
Highest I've seen is 26.5% over valuation. My gut feel is 30% over is the maximum any sane buyer would stretch to.
(Assuming a spicy market and properties without any significant defects)