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How much notice of 'Guide Price' or 'Offers Over' should I take?

Hi all

Just accepted an offer on my property, so now having to ramp up the search for a new place!

Quick question - the EA's are advertising several properties I'm interested in as either 'Offers Over', or having a 'Guide Price' or 'Price Range'. Whilst I'm aware that the agent must pass on any sensible offer to the vendor, I was just wondering if anyone could share any experience of offering lower than these 'conditions' seem to suggest.

Much appreciated.

Comments

  • InkZ
    InkZ Posts: 258 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    Every vendor is different. Decide what you think the property is worth by checking out houseprices.co.uk and then play the negotiating game.

    I put my flat on for offers over 124995 as that's the lowest I wanted to take and was priced lowest on the market for the area, but it had been on the market over a year, and I would have taken 5k under just to get rid of it.

    There aren't any rules.
  • geoffky
    geoffky Posts: 6,835 Forumite
    edited 12 June 2011 at 2:18PM
    none whatsoever.....flag flyers do it.. work out what you will pay not what they want or more commonly need to get bailed out of debt. my seller wanted 300k, he got 186k...
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
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