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Buying a house - what does it mean by for sale by informal tender?

(3 Posts)
Heated Mon 16-Feb-09 14:34:51

Have seen a lovely 4 bedroom house and the advert says offers to be made by informal tender with a guide price of 249k - but is this just to get people interested since it looks like it should really be worth £300k+?

Has anyone done this before? Any advice?

tiggerlovestobounce Mon 16-Feb-09 14:42:16

definition here

Heated Mon 16-Feb-09 14:51:10

Thanks smile

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