Offers in excess of...

jonners666

We put ours up for OIEO 350, because we'd reduced down from 375 after losing our buyer, and 350 was our absolute bottom line.

We got an offer for 345 and we said up it to 350 and we'll take it - they did.

The house we bought was on for OIEO as well, but we got it 5K under as they'd had no offers in 3 months. 

NaughtiusMaximus

Daveinlincoln said:

I will just add that the property isn't worth £200k....its perhaps £192k max.

That seems an oddly exact figure, the fact you haven't either rounded up to 195 or down to 190 suggests you're either trying to apply some sort of science or logic to arriving at a very specific value (which doesn't really work with property as there's so many variables, some of them intangible), or far worse, you've just gone with the price Zoopla says. 

NinjaTune

As mentioned, seeing as how you're not proceedable I don't think any offer you make will be accepted.  In my area you'd be lucky to get a viewing without having a property on the market or being a cash buyer.  I assume the EA and vendor are aware of your current situation though.

As you're going for a second viewing I'm guessing this place ticks all/most of your boxes.  If I were you I'd get your house on the market ASAP even of that means putting your ex's belongings into short-term storage rather than waiting nearly a month for her to collect them.

ETA:  with regards to how much to offer, if you think it's worth a maximum of 192k and there's likely to be a few offers then185k might be a good starting point.  

Crashy_Time

lookstraightahead said:

Thrugelmir said:

A sure way of reducing the number of  timewasters you get that express huge amounts of interest. Have multiple viewings. Then offer a silly amount as they expect you to absorb the cost of the building work they plan to do. 

It doesn't just reduce timewasters, it reduces realists, cash buyers, sensible buyers and those absolutely ready to buy but can only afford £1000 less.

It just screams - Timewasting Kite Flyer TBH.

NameUnavailable

I think even worse that offers over is 'guide price'. For example a place I have just seen advertised at £220K when you click into the full description it actually says 'guide price £220-250K' - how can you have such a wide range? The property is actually worth about £200K looking at the amount of work it needs (it's not an auction property by the way).

frogglet

We rang up for a viewing for a house OIEO, the estate agent wouldn't give us a viewing if we wouldn't say what our top offer would be!!!

Thrugelmir

lookstraightahead said:

Thrugelmir said:

A sure way of reducing the number of  timewasters you get that express huge amounts of interest. Have multiple viewings. Then offer a silly amount as they expect you to absorb the cost of the building work they plan to do. 

It doesn't just reduce timewasters, it reduces realists, cash buyers, sensible buyers and those absolutely ready to buy but can only afford £1000 less.

Vendor sets out their expectations. At least initially.  Nobody is ever ready to buy. There's a whole time consuming process to go through. 

p00hsticks

Why cant people actually put a price that they want for a property? its not difficult

Because many (most ?) buyers seem to think that they mustn't offer the asking price, however realistic it may be,  and will immediately offer at least 10% less ?