Posted by: ~*some_one*~
Going to go out on a limb here, because it's what I know GV here in NZ to be, and say government valuation. LOL
Our house purchase turned to custard 2.5 years ago, but at the time we paid about $10,000 under asking price, but more than we wanted to. LOL This was at the 'height' of the NZ property boom, but it had been on the market for a while.
When we tried to buy houses in the UK we got what would have eben our first house for less than what they were asking, and the second house we attempted to buy we offered just under asking price they countered at asking price so we went back at asking price and then the vendor got greedy and asked for more and we walked away.