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Offers Over Or Fixed Price Change?
marginalone
Posts: 194 Forumite
Our house has been on the market for two months. Its valued at 200k. Firstly we marketed at fixed price £205 as our area's property prices are selling well over valuation in the region of 10% over.
We had few enquiries so, we took it to offers over £190k to attract viewers. That worked like a charm with loads of viewings. But any offer we have had have been £190k to £194k. Turned them down so we cant get to closing date soon.
Just looking for some guidance here, should I instruct EA to go back to a fixed price at valuation?
We had few enquiries so, we took it to offers over £190k to attract viewers. That worked like a charm with loads of viewings. But any offer we have had have been £190k to £194k. Turned them down so we cant get to closing date soon.
Just looking for some guidance here, should I instruct EA to go back to a fixed price at valuation?
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Comments
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Sounds to me like people think the house is worth £195k. That's the price if you want to sell it.0
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quotememiserable wrote: »Sounds to me like people think the house is worth £195k. That's the price if you want to sell it.
They have noticed the original price and thought that when we went to offers over, we were looking to sell below valuation.0 -
I presume (from your previous posts) this is in Scotland? And the valuation is actually a surveyor valuation in your Home Report rather than merely ambitious EA "valuation". Other posters will probably assume you're talking England/Wales.
Nevertheless it sounds like the market isn't quite as buoyant for your property as you first thought. I'm not sure that fixed price / offers over makes a great deal of difference, people are more likely to look at the HR value. I wouldn't expect to get more than the HR value unless it's a closing date.0 -
I presume (from your previous posts) this is in Scotland? And the valuation is actually a surveyor valuation in your Home Report rather than merely ambitious EA "valuation". Other posters will probably assume you're talking England/Wales.
Nevertheless it sounds like the market isn't quite as buoyant for your property as you first thought. I'm not sure that fixed price / offers over makes a great deal of difference, people are more likely to look at the HR value. I wouldn't expect to get more than the HR value unless it's a closing date.
In Scotland and its the surveyor valuation.:)0 -
I would always go in under offer if I saw 'fixed price' or 'offers over'.0
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