Open day

loulou41

Will be going to an open day tomorrow to view a property. I think it is a probate, the house is empty and no chain. I do not know what to expect, will there be like a bidding to the highest bidder. Do I offer the asking price if I like the house? Will appreciate some advice if anybody has got any experience on this!! Thanks

huntersc

I'm going to one as well! Maybe it's the same one? That would be amusing. No one will make bids there, it's just an informal viewing. Once you've seen it then go home, think about what you want to offer and make the offer on Monday morning.

Don't be pressured into anything. You might even find there are only a couple of people there anyway. I went to an open house last week and it turned out it was just me and the wife

JayZed

An open day is simply a viewing opportunity - a chance for you (and anyone else who wants to) to go and look at the property. No need or obligation to put in an offer at the time.

If you like it, you can call the estate agent later and ask for a second viewing, or if you're sure you want it, just make an offer.

In this market there's no need to offer the asking price - can't really say what to offer without knowing more about the house and the asking price, but I should think that most places are probably selling for 10-15% below asking price. Presumably you have a budget in mind in terms of what you're willing to spend?

Doozergirl

It's only an open viewing. Treat it like any other viewing. If there's anything special about the bidding arrangements it would come out later after they've guaged interest from tomorrow. Even then, if you're interested you're still offering what you think it's worth. There isn't any situation that should make you behave differently than you would with any other house.

A house across the road from me had an open day once. I got more viewings that day than they did so you can't draw much from the fact they're having an open day.