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What do you think of this advice from an estate agent ?
Comments
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Hi,
I have just agreed a price on a property i have sold. It was on the market for 140k for 3 weeks, not much activity.. I then marketed for OIEO 129,995 and have sold it within a week. Lots of veiwings as well.
HOWEVER, an EA mate of mine said it isnt always a good idea, and the majority of buyers dont or wont understand the acronims, and then offer below your OIEO price anyway!
It worked for me this time, but the house was sharply priced to sell... good luck!0 -
I agree with speccyget - I used to ignore Offers over / offers in excess of when I was buying0
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I ignore it and think the vendors are just overoptimistic with the EA letting them down gently...
Unless it's genuinely a bargain at the OIEO price, in which case people really won't be able to resist looking at it. A 10k drop with OIEO is not looking like a potential bargain that I would really offer more for.
Your EA friend has been getting used to letting vendors down gently I think. Eventually that 'excess of' disappears from many listings I've seen.Everything that is supposed to be in heaven is already here on earth.
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