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Offers over
prishaan
Posts: 88 Forumite
Hi all,
I need your valuable advice.
I need your valuable advice.
I'm looking for a house to buy for more than six months.
However, I find that the house prices are increasing almost month to month, without any sign of dropping or staying stable, although I read that after the end of Furlough the prices will go down as more properties will come on the market, though it didn't happen as was predicted. Instead, houses are overpriced.
My question is can I offer below the asking price where they say 'offers over ' or do I have to offer over the asking price or can not make an for the asking price. I am a bit confused. Does that mean the vendor already have an over over the asking price although the property seem to be on the market for more than a couple of months.
Any advice and suggestions will be greatly appreciated.
thanks in advance
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Comments
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Ignore it. You can offer whatever you want.
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thank you for your kind reply and the linkSlithery said:Ignore it. You can offer whatever you want.
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You can offer what you want - what you think the property is worth. BUT
Don't be surprised if your offer is rejected in these circumstances.
The seller has probably been advised, or is convinced the "offers over" value is realistic.
If it is a brand new property to the market then chances are they will be expecting above that. If it has been on a while then chances are they would be more open to offers but really completely depends on a number of factors - even if their house has been on the market for some time, they may choose to hold out until someone is prepared to pay that amount.
Decluttering awards 2025: 🏅🏅🏅🏅⭐️⭐️⭐️ ⭐️⭐️, DH: 🏅🏅⭐️, DD1: 🏅 and one for Mum: 🏅1 -
I appreciate that you were able to give me some suggestions on how to move forward. thank you ~YBR said:You can offer what you want - what you think the property is worth. BUT
Don't be surprised if your offer is rejected in these circumstances.
The seller has probably been advised, or is convinced the "offers over" value is realistic.
If it is a brand new property to the market then chances are they will be expecting above that. If it has been on a while then chances are they would be more open to offers but really completely depends on a number of factors - even if their house has been on the market for some time, they may choose to hold out until someone is prepared to pay that amount.
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