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Offers in excess of.......
oneandonlyboy
Posts: 252 Forumite
When a house(in england)and offers in excess of what sort of price are they looking for?
How much over the in excess of should i go?
Any help would be grateful.
Many thanks.
How much over the in excess of should i go?
Any help would be grateful.
Many thanks.
0
Comments
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Just offer what ever you think it is worth. You can offer below asking price - it is just a 'mental' trick EAs are using. Unless house is really priced realisticly, go, as others will suggest, below asking price. Look what houses in the area sold for recently - although it can be hard to compare.Spring into Spring 2015 - 0.7/12lb0
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offers in the excess are stupid.. in england someone will just offer below the excess offer :P.
You never gonna get someone offering more.. offers in excess show the seller is greedy but also desperate to sell. knock 10k off their excess price at least...0 -
When I sold my 1st house we used offers over £112,500 as this was the figure we were looking for.
Someone offered that price and they got it.
We had been on the market a while, the house was next to a railway line, not very busy one but still it put people off and was harder to shift without moving down on the price.
When we bought it we used it as a negotiating point as well so it was swings and roundabouts.I beep for Robins - Beep Beep
& Choo Choo for trains!!0 -
I'm sorry to say that I hate offers in excess of. On Property Bee I am seeing daily changes from say £200k to OIEO £195k. To me (and it's my opinion only obvioulsy) it just seems like people are saying it's been valued at £195k but I want a bit more than that. Now as I said that's my opinion but if I think like that and it would put me off viewing how many more think the same way?
To the OP, the house we are in kept reducing it's price and then came on at a 'guide of £180-190k' and we offered £175k. After the EA phoning back and forth we finally agreed on £180k. So offer what you are happy to pay. Don't put in an offer in exess of just because you feel obliged to.0 -
it is just a 'mental' trick EAs are using
Yes and perhaps because their greedy seller clients insist that they do it this way!!!A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Thanks,
I was just worried that if i put in a bid the EA would then say to another bidder that they offered this much and the EA plays us off to increase the price.(not sure if im sounding stupid or native, this is my first time buying).0 -
Who said there is another bidder?...Spring into Spring 2015 - 0.7/12lb0
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oneandonlyboy wrote: »Thanks,
I was just worried that if i put in a bid the EA would then say to another bidder that they offered this much and the EA plays us off to increase the price.(not sure if im sounding stupid or native, this is my first time buying).
Wouldn't you want your agent to do this if he was selling for you? Buying and selling is like a game of poker.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
I've just had an offer accepted that was £8k less than the OIEO price.
Bid what you think is reasonable based on properties around the area and your own thoughts on the valuation.0 -
are some people still falling for this con with the markets at the worst for 30 years?this is a con used by estate agents for people who dont mind being conned....its up to you to name your price in this market and if they dont agree well i am sure there will lots of other offers for them..maybeIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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