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Guide Price and Offers Over

3 replies

SunshineandShudders · 16/01/2021 20:04

Almost everything currently listed on Rightmove in this area (England) is either Guide Price or Offers Over.

I'm sure this is new and that when we bought this house there was a "price" and you made a closeish offer.

What do these terms mean specifically and how are you supposed to know what a sensible offer is?

OP posts:
Candleabra · 16/01/2021 22:01

I've noticed this too. Everything is OIEO or OIRO.
When we got valuations last year an estate agent explained that it's apparently easier to drag someone past a price, than up to a price.
Didnt make any sense to me! I didn't use that agent.
I just assume it's an asking price.

CausingChaos2 · 16/01/2021 22:12

Have also noticed this on lots of local properties. Wouldn’t put me off putting in an offer below the guide price.

bilbodog · 16/01/2021 22:32

It doesnt mean anything! Some estate agents just prefer to use these descriptions. Every vendor wants as much as possible for their property - just use the figure as a guide, check house sold prices in the area and negotiate from there.

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