Sellers wanting over advertised guide price for property?

Mickygg

It's a gamble by the sellers but it could work. If you fell in love with the house and had £8k more maybe you would find it. 
But also it's all a game of nerve. But saying £208k they already have you up to £200k. They more than likely would accept at £205k or even lower.

I have had the whole I cant accept lower than x before then checked out months down the line and they sold below their so called minimum they would accept.

bravotango

Very sneaky of the sellers to do something like this.

It does also start to make you think what other things they may be hiding if you did pay the extra £8k, and you "may" find a plethora of other issues.

OR

You may just take a gamble, and hope the seller was being as honest as they should be.

bucksbloke

Offers over is just ridiculous. I hate it and never agree to use it. Market it at the price you need. 

Jumblebumble

lalalaura95 said:

I recently put an offer in for £195k on a property (the property has a guide price of 200k, reduced from 215k 3 months ago). The estate agent came back to me this afternoon saying the sellers cannot sell the property for less that £208k, because that's the amount they need to purchase the property they're interested in. 

While I appreciate they need to achieve a certain amount in order to get the property they want, it seems ridiculous to have a guide price of almost £10,000 less than what they are willing to accept. I told the estate agent I was prepared to increase my offer to £200k, but was unwilling to increase it further. The house itself has been on the market for 8+ months, and talking to the seller at the viewing, there hasn't been a lot of interest - so it's not even like the property has just recently been put on the market or, they're waiting to hear back from other viewings. 

While I appreciate there are other properties on the market and undoubtedly I'll find another property - I just feel it's a massive waste of everyone's time advertising a guide price so far away from what the sellers are willing to accept. 

I considered a house being sold by someone who would not accept a full asking price offer
I pulled straight out as i felt this sort of behaviour is the sort that would accept a Gazump at the last minute 
I would not trust this stupidity as far as I could throw it.

cybervic

lalalaura95 said:

While I appreciate there are other properties on the market and undoubtedly I'll find another property - I just feel it's a massive waste of everyone's time advertising a guide price so far away from what the sellers are willing to accept. 

"Guide price" is common used to when a property sort of fall between two price categories or when seller couldn't make up their mind about what they want. I have seen properties sold way above guide price range, as well as way below that. Vendor may need some time to adjust their expectation. Perhaps go back in few month time see if they've found money elsewhere and would then take your offer, if you haven't found a place yet.

blue_max_3

In my mind, an asking price is the price that is acceptable to the vendor. I would almost never go in with an asking price offer. So, we start miles apart before we begin. It makes work for the agent anyway.