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"Offers in Excess Of" or "Offers over"?

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Comments

  • sinbad182
    sinbad182 Posts: 619 Forumite
    500 Posts
    brit1234 wrote: »
    "Offers over" is a straight put off for many buyers as it appears no negotiating room and stubborn seller. People just move on and look at the next house.

    Especially people like you, who haven't got any money to buy a house with
  • artbaron
    artbaron Posts: 7,285 Forumite
    Smoggie69 wrote: »
    My question is, how are the terms "Offers in Excess Of" or "Offers over" perceived by buyers? Would we be better putting offers in the region of say £119,950?

    Personally I never even looked at properties with "offers over" on account of it inviting gazumping and indecision on the part of the seller. If I'm told a seller wants "offers over £200K" that tells me he's willing to accept £200K if nothing better comes along. So why would I offer more unless it's to protect against someone else beating my offer, in which case I'm in the position of being gazumped or at best, messed around?
  • Smoggie69
    Smoggie69 Posts: 73 Forumite
    Part of the Furniture Combo Breaker
    edited 13 March 2013 at 9:24PM
    I hadn't thought about gazumping to be honest. However, we have been through a similar experience, albeit the seller asked for more money on the day we were due to exchange contracts.
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