"Offers over" vagueness

kilby_007

robatwork wrote: »

EA: "Lovely house I'd love to market it for you"
Client: "OK but we need £300,000 minimum to afford the house we want to buy"
EA: "How about offers over £300,000?"

Later: "Only offer on the table is £300,000 from this oil rig guy"
Much Later 1: "So glad we held out to get £310,000 from that lovely couple"
Much Later 2: "So glad we didn't offer more than £300,000 and they didn't get any higher offers"

Yes I get the idea, but are you suggesting myself and my wife are not a lovely couple? And you've assumed I work on an oil rig, I don't

robatwork

kilby_007 wrote: »

Yes I get the idea, but are you suggesting myself and my wife are not a lovely couple? And you've assumed I work on an oil rig, I don't

I was assuming your loveliness - you're on an MSE forum and we're all lovely without needing to clarify.

The point is, I have always treated any listed price as a slight fantasy no matter what is says - offer what you think and walk away....

kilby_007

robatwork wrote: »

I was assuming your loveliness - you're on an MSE forum and we're all lovely without needing to clarify.

The point is, I have always treated any listed price as a slight fantasy no matter what is says - offer what you think and walk away....

I think you just about got away with that one! :beer:
Difficult one to judge, but I reckon given all the pro's & con's we're about on the money. I was ready to negotiate if they said they wanted a *little bit* more as per the original statement made when I spoke to the EA a couple of weeks ago but I didn't see the point in adding a grand or two against their eventual counter offer of 320.

konark

I'd go for the Victorian one, the Georgian one will be listed, so you'll need to apply for 'consent' every time you change the bog roll.

kilby_007

konark wrote: »

I'd go for the Victorian one, the Georgian one will be listed, so you'll need to apply for 'consent' every time you change the bog roll.

It's not listed. It was a 2-up/2-down originally and has been extended to add 3rd bed, bathroom, kitchen & utility.

Shakin_Steve

On the main ad on right move, ours was priced at £100,000. When you opened it up it said the price was £100,000 to £110,000, which I think is a bit naughty. We paid £105,000, not because of anything written in the ad, but because we thought that was a fair price.

Strummer22

As others have said, it depends on whether you think the asking price is fair, and have a maximum in mind you're willing to pay. I recently had an offer accepted on a house at about 3% under the 'offers over' price. We actually played low ball and initially offered well under, but as expected we met somewhere in the middle.

For context, the seller had bought and done up the property as an investment. It had been on with various agents since June and already had asking price reduced by 5%. It's something of a buyer's market here with good, reasonably priced properties often taking months to shift, so I think any seller asking for 'offers over' is being cheeky.

iantojones40

Shakin_Steve wrote: »

On the main ad on right move, ours was priced at £100,000. When you opened it up it said the price was £100,000 to £110,000, which I think is a bit naughty. We paid £105,000, not because of anything written in the ad, but because we thought that was a fair price.

Given what you've said in that one post, I've got to say... you've got one the most appropriate and unironic profile signatures I've ever seen.:rotfl:

anotheruser

G_M wrote: »

On the other hand, if you spend the next 5 years kicking yourself and wishing you'd paid less or walked away, then you've overpaid!

While I won't spend 5 years kicking myself about it, I feel I overpaid for my house.

We paid what it was valued at, but I rarely see people paying more for a house than it was put up for, or for what it is actually worth, so I can't help but feel a bit cheated.
Overall though, it was a good move for us at the time and I know we've added value to it doing the small jobs that needed doing. Just wish we knew about them all before we bought.
I'm happy to be truthful - if the sink tap doesn't work, I'd tell the prospect buyer if they asked. But then it's all about keeping things a secret to trick house buyers isn't it.

kilby_007

Well, a month since our offer, no further contact and the house is still on the market (just over 3 months now). I'd have expected a call if there was a competing offer on the table so one has to assume they're in this for the long haul!