What is the average percentage of overbidding? What percentage above the asking price do you bid? What percentage should you take into account? Questions we are asked almost daily.
The most important question should really be, what is a property currently worth? After all, the asking price is determined by the selling agent and the seller. The asking price is generally set in combination with the chosen sales strategy. Sometimes extremely low, but it can also be set realistically.
In other words, it is best to discuss how much you should overbid or negotiate off with your buying agent before making an offer.
