We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Is marketing my property as offers over, really worth it?

Curious49
Curious49 Posts: 2 Newbie
in House buying, renting & selling
I'm selling my house and have been advised to market it as a fixed price or offers over. I can see the logic in terms of not receiving really low offers I don't want to accept. However I don't want to put buyers off. Has anyone done this? Did it take longer to sell your house as a result?

Thanks!
«13

Comments

  • lee111s
    lee111s Posts: 2,987 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Imo, just set a price. Don't bother with offers over, OIRO etc. most buyers will ignore this and offer what they see fit anyway.
  • Bill23h
    Bill23h Posts: 68 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    Don't bother - people will only see the six-figure number and behave accordingly. IMO, it just muddies the issue. I think you will put off more people than you attract.
  • sniggings
    sniggings Posts: 5,281 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    unless houses go in minutes in your area, then the idea is to get people to view it, they are then more likely to make an offer.

    Offers over creates a big unknow, should they offer 10% over 15% etc, chances are they will not bother even viewing it.

    You can always turn down a low offer so why not just set a price the normal way.
  • rosie383
    rosie383 Posts: 4,981 Forumite
    As someone who has viewed lots of houses, just get a price which reflects the market around you, with a wee bit on top so that there is a little bit of wiggle room and don't bother messing about with offers over. As has been seen many, many times on this forum, it just puts some buyers off and is unnecessary. If your house is priced correctly it will sell. You don't have to accept a figure that you are unhappy with, although the EA will tell you that any offer is a brilliant offer!
    Father Ted: Now concentrate this time, Dougal. These
    (he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
    :D:D:D
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    It depends where the property is. In Scotland it's pretty common for properties to be marketed at offers over.
  • Curious49
    Curious49 Posts: 2 Newbie
    Thanks very much. I was doubting the idea after speaking to the estate agent and your replies have cemented my thoughts that it's not a good idea
  • pickles13
    pickles13 Posts: 157 Forumite
    As a buyer, it always puts me off.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    Think of it the other way round.


    Does 'offers over' attract any buyer who would not view if just a bare price was shown?


    If the answer is 'no' (and it is) then it isn't worth putting 'offers over'.
  • MoaningMyrtle
    MoaningMyrtle Posts: 1,968 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I quite like 'guide price' as an indicator.
    A minute at the till, a lifetime on the bill.

    Nothing tastes as good as being slim feels.

    one life, live it!
  • goodwithsaving
    goodwithsaving Posts: 1,314 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I wrote off houses marketed as 'offers over'. I thought places like this would turn into a 'how high can you go' situation, and bidding war.
    Possibly wrong, but that was just my thought.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture