Putting an offer in buying a house

[Em2122]

Houses are selling like hot cakes and I’m unsure about how to proceed. If a house says ‘offers over’ how do you know what price to offer? Can you find out other offers to trump or do you just have to guess? Then how do I know I’m paying too much?

they certainly aren't selling like hot cakes round my way - used to sell in a weekend, now it's taking months. If an estate agent is telling you that I'd assume they're lying.

You take a punt based on how much you think the house is worth and how much you can afford.

A property is worth what you are willing to pay. I dont think people can beat the market.
As for "offers over"....my friend paid 237k on offers over 250k...you just dont know.

Offer 20% less and negotiate upwards so that you get 10% off the original price.

In my area and my low price range they are selling like hot cakes. It is not the agent lying because I’ve visited houses and asked for viewing and they’ve been sold within days

We’re just about to go on the market and agents round here are really pushing offers in excess of prices. Low stock, desirable area means most stuff is getting offers over within a week