Guide price - what does it mean

[movingtokent]

we have seen a property we like with a guide price of £1 million. What do you think they actual want. Due to the change in stamp duty I don't really want to go over that.

I looked online, and the general feeling was that 'guide price' was more negotiable than 'asking price'. Not sure though.

We are also looking at a property with a 'guide price'.

It means the agent has had a problem valuing it because it is possibly different from other houses round about. Usually more expensive than others so it is not the usual 3 bed semi price. Unless it's in London of course!