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What's the difference between 'Asking Price:' and 'Offers in the region of...' ?
Legacy_user
Posts: 0 Newbie
Looking at properties for sale I noticed that some are listed with 'Asking Price' and some with 'Offers in the region of...'
What is the difference between these statements? Would you say one is more flexible than the other?
When making an offer on a property what is the lowest you should offer in comparison to the 'Asking Price' or 'Offers in the Region of' ?
What is the difference between these statements? Would you say one is more flexible than the other?
When making an offer on a property what is the lowest you should offer in comparison to the 'Asking Price' or 'Offers in the Region of' ?
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Comments
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I don't pay any attentions to nay words next to the price, "offers in region of", "offers in access of", etc. Just look at the number and offer what I feel the house is worth!Spring into Spring 2015 - 0.7/12lb0
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As an EA I like my sellers to agree with me to keep matters simple. The price is the price and we all know offers below will be made. Howver I do come across sellers who think they know tactics better and who insist on these 'twaddle' terms.
As ginvzt says don't take any notice and make your own assessment of value.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
My experience is that different agents have their own code.
e.g. Guide Price seems to mean that they are looking to start an auction with the price quoted as the minimum, like a reserve price at an auction.
This nonesense might have worked when it was a sellers' market, but now it's a buyers' market make an offer that you think reflects the value to you and what you think seller will accept.0 -
"Offers in the region of..." means they hope they may get more, or sometimes you see it used for very unusual properties with few comparables to value it against. I'd imagine it'll be less used in the current climate. Offer what you think a property is worth to you.They deem him their worst enemy who tells them the truth. -- Plato0
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OIEO = vendor geting desperate as can't sellcandyflossing wrote: »Looking at properties for sale I noticed that some are listed with 'Asking Price' and some with 'Offers in the region of...'
What is the difference between these statements? Would you say one is more flexible than the other?
When making an offer on a property what is the lowest you should offer in comparison to the 'Asking Price' or 'Offers in the Region of' ?Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0
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