'Fixed Price'

[kirinm]

Sorry for the multiple threads, you can tell I'm a FTB stuck in the insane London market which seems to have no rules.

Seeing a place tomorrow that has a 'fixed price'. We've so far seen 'guide price', 'offers in region of' and 'offers in excess of' do fixed price is new to us. Is it effectively the same as offers in excess of do you think?

[Wellthatsit]

Fixed price in Scotland usually means that if the buyer offers that price, then it's a sale. Usually comes about when no offers have been forthcoming and the seller wants to push a sale through. Not sure about in London

[kirinm]

Hmmm this flat only came on yesterday so I don't think it's a case of not being able to sell. I wish it was more transparent like Scotland!

[StepAwayFromTheThesaurus]

My experience of (disclaimer: non-London) England is that no one pays much heed to the words that sit next to an asking price in deciding what to offer.

All it can really tell you is how inflexible a seller is likely to be. Offers over tells you they probably want the moon on a stick. Fixed price presumably means they don't want to negotiate below that price at all.