We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Can I offer below 'OIEO'?!?
firsttimebuyers_2
Posts: 123 Forumite
I have seen a house which is priced as 'OIEO £145,000'.
Does this mean I shouldn't offer below this, or should I just ignore the 'OIEO' part of it, and make a lower offer anyway?
Any advice would be greatly appreciated.
Does this mean I shouldn't offer below this, or should I just ignore the 'OIEO' part of it, and make a lower offer anyway?
Any advice would be greatly appreciated.
0
Comments
-
offer what you think the house is worth to you, not what an estate agent thinksIt's a health benefit ...0
-
Round here a lot of OIEO are reduced in price; eg used to be £150,000 then reduced to OIEO £145,000. You can offer anything you like. Whether it will be accepted is another matter. Most low first offers are rejected with the expectation of a small increase. But you never know, it might just work.Been away for a while.0
-
OK thanks for that. If we do decide to make an offer I won't be shy in going lower!0
-
I offered 141k on "offers over" 150k. The property was already the best looking property at 150k (fairly well priced if there is such a thing these days)... We ended up at 147k. Which is great, because I almost started the offering at 147k! Similar properties are still on at 165-170k, but they aren't shifting.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.2K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.6K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards