offers in access of ??

moving_2

we have seen a nice house with offers in access of....how much more would you offer, or would you chance it and offer less

Doozergirl

In England, I wouldn't bother offering over unless it was clear that the price they were asking in excess of was a bargain. Otherwise, it's often an Estate Agent's way of letting an overenthusiastic vendor down gently.

If you have seen enough house details and viewed enough properties, you'll know the sort of price it should be fetching.

drowningnotwaving_2

This depends on so many factors - how much you love the house, how desperate you are to move, how many other properties there are available, what other properties fetch in the same area and so on.

I would suggest going for a little less and see what they say - they can only say no and then you can up the offer if need be. However, they may be trying it on and if they're desperate to move and you're the only people who make an offer they'll probably bite your hand off!

Good luck.

hearts

If its in Scotland probably about 17% over but it depends on a lot of factors. Desirability being the most important. Check prices for other houses in the local to get an idea of what they are looking for.

linlin_3

I hate this style of marketing - it's more of an auction than a sale. Whatever you offer, say it's conditional on a decision within 4 hours of the offer being made, that way your offer can't be held against other expected "bids".

MJMum

We're guilty of having marketed our old house at an "offers in excess of" price, but it was because we wanted to move quickly and genuinely priced it to sell at a fair no-BS price. (We lived 6 hours away from my family and my dad had cancer). This didn't stop people trying to take the p*ss. Funnily enough, we didn't sell it to them

peterg1965

How long has it been on the market? If it is in England offer what you think it is worth and ignore the 'offers in excess of' price!

Cardinal-Red

One estate agent once told me that he sometimes lists properties like this when the vendor has accepted an offer which they're not totally happy with, and are hoping to induce a gazumping... i.e. the figure quoted will be the offer which has been accepted, and they're trying to chance their arm at it being bettered.

Shoddy dealings all round as far as I'm concerned....

MJMum

Don't jump to conclusions until you have asked why the property is being marketed "in excess of".

havekidsamskint

If it's any help i'm in Scotland and selling at "offers over £86000". I expect to get offers of £95000 & above.......that's if my estate agents eventually get me any viewers:mad:

average in scotland 10-20% above

good luck

boy_3

It's very common method of selling in Scotland. Though, there is no guideline I believe you should get the survey done (which should be done before offering anyway in Scotland) and use the survey prrice as the guide. In my experience the offer varies from -10% to 25% above offers above price. Some of the properties I viewed, somebody offered quite in excess around 20% more. Though I got mine in just 5% above the offer price. Best way is to get your solicitor to talk verbally to the seller's solicitor to see what is the ballpark price they'll be ready to accept. I was quoted higher but stuck to my offer and got it. Eventually, the sell price is what a seller wants to pay.