Hi, Could somebody advise me what is the acceptable discount (of selling price) if we are to offer to buy a house (in current condition)? 20% below vendor's price?
Reason is, I am seriously thinking to buy a property (in Brisbane outer suburb), and have been watching closely for the price movement. The ones I watch/like seem quite cheap compare to the price of similar properties a few months ago.
One property have been reduced by 20K only after been in the market for 3 weeks (I wonder if it's a mortgage sale). and there are few others of similar condition.
This is going to be my first Australian property venture (I am currently overseas).
