Property for sale,advertised as "price guide"

MrPaulius

Hello everyone,


quick question. I am interested in one property, which I will be weaving tomorrow. It is advertised as Price Guide £225,000.
What they mean by Price Guide? does it mean that they would go lower than advertised price or higher?

Dan-Dan

It means the square root of sod all , do your research as usual , on sold prices of that property and others nearby etc etc , what its worth to you etc etc , and offer based on that

Gwhiz

Totally agree with Dan-Dan.

hazyjo

Often used in areas where they think it may go over asking price - so that people won't think they've paid over its value. I'm seeing it more and more again in London/Essex.

If they're being very ambitious and there's no interest, it means they may take a lower offer without losing face (might have been marketed at 'offers over', but 'guide price' is more flexible).

As much down to what interest there is as what it's worth.

IMO - general EA's ways of getting people to pay over that amount instead of giving it a definitive sale/asking price. Some are still reluctant to pay over asking price thinking they're overpaying. 'Price guide' (or 'guide price') adds flexibility to that figure.

Jx