Best and Final Bids

hazyjo

Scotbot said:

hazyjo said:

Bossworld said:

From what I read at the time you shouldn’t bid an ‘exact’ amount (e.g we put in £212,212 rather than £210,000 ) but that could just be an old wives tale I guess

on the other hand, the other party we were up against bid £228,000 according to the Land Registry. Whoops for them

It's more that you offer say £212k. To add odd pounds at the end just looks a bit silly (perhaps say a £250, 500 or 750 wouldn't look so bad). You really don't want to look like you've had to tip your piggy bank upside down! Anyway, it's what you think it's worth rather than "this is every penny I've got".

The general advice is not to go with a round number as others may do the same and you are more likely to be the highest if if is not rounded up to the nearest 5k.  However if the vendor also looks at the buyers position and how proceedable they are they may decide not to go with the highest.

Oh, I agree. I say the same. And that it's not always a case of 'highest offer clinches it'. I just wouldn't add a £12 figure at the end...