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'OIEO' - Ignore? Is it a sign a seller believes their house to be worth more than it truly is?
I hate these OIEO listings. We've been looking at houses recently. We have a viewing coming up on Tuesday on one place which really fits out expectations.
My only reservation is that they have it listed for 'OIEO 190k. From researching similar properties, a larger one on the same street sold at 180k in April gone, and another - an identical plot in tidy condition - sold for 180k in Apr 22, when the market was less stagnant and before interest rates climbed sharply.
They seem to be selling it on the fact that it has been renovated over time since 2015, had electric works and that it has 'new' windows and doors (it doesn't) when it reality they've really been in place since 2020 or before as per street view so what other truths are they bending?
With the likes of aforementioned in mind, am I being unreasonable to go and tell them 180k-ish on such a property, pointing out exactly why?
Any advice for OIEO?
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