Guide price range

[throughtheair]

I know this is a how long is a piece of string question but here goes...

If a house was listed as guide price 170 - 180, do you think in the current market people would offer at the lower, middle or top end, or even go in higher than 180?

Impossible to answer without knowing the property and whether keenly priced or not

Hard to say what it's worth really as nothing has sold on its street or the surrounding similar streets for a couple of years, but it's probably a fair price range.

Just wondering what the psychology might be making offers when there's a range price like that.

I think if it's listed as "guide price 170 - 180" they're saying they won't accept less than 170 but ideally want 180.
So if you offered 170 I think at first they'd turn it down as really they want 180, the lower price and "guide price" is a marketing tactic by estate agents to make properties look cheaper than they actually are in my experience.

I always think a guide price means it's worth less but the seller is unrealistic.

Thanks. We'd be happy to pay 180 if not slightly more, but am trying to second guess what competition we might be up against as we keep losing out at best and finals.
I know it's impossible to say but am wondering whether most people presented with a price range would go in at the lower, mid or top of that