Property asking price

[Alexalee]

About to put a house on the market. General consensus is sale price will be around 525k.

Would you list at 525k

550k to allow the buyer to make an offer and think they were getting a deal

Or offers over 500k to get the most amount of viewers

As a buyer what would you prefer

I mean good luck and all but everyone is doing this around my way, we as buyers know what you’re doing and the houses are sitting there a year later. So good luck.

Sorry I hadn't updated
Had 10 viewings in the first 3 weeks
Just 1 offer which we accepted about 2% under asking

Co granulations @Alexalee , fingers crossed for a smooth sale.

We eventually had an offer of 96% asking price accepted on one of the £525k houses we viewed. The other went to best and finals and apparently went for significantly over asking.

If you think 525 is fair and you'd accept it if it was the best offer you got, I'd list at that. If buyers form a queue, you can go to best and final if you want, or pick and choose the buyer that suits you best.
If you get offers below, you can consider them or ignore them, as you wish- it's good to have an idea, as you seem to do, of what you'd accept in that case.
If you get very little interest, you could always reduce.

Your focus shouldn’t be the price. Your focus should be the buyer.

Lots if properties are returning to market because after an offer is accepted (making the seller ecstatic), several weeks down the line, it turns out the buyer cant afford it and can’t get a mortgage on it.

Judging by your post, your house is nof even worth £500k and you’re just trying it. Those are huge differences in prices that you’re considering.

Even if you get a high offer, I bet they can’t afford it.

You’re better off being realistic and a reasonable seller rather than playing games. This is a buyer’s market. The ones who can afford these house (very few now) won’t appreciate or respect your games.

Do not put OIEO or offers over it is beyond annoying.

Put a set price of around 5% more than you really want.

Pricing high might put you out of peoples searches. If someone has a budget of £520k they might not be bothering to look at £550k so deliberately overpricing is just purely stupid.

If you are happy to accept £505k or something then going in at £525k or putting 'offers over' £500k are both acceptable strategies.

If someone has a budget of just £500k you might catch their search where as you wont at £525k but I don't think the market has much in the way of budding wars currently so offers over £500k might just get you £500 or so offers.

£525k might get low offers as well though, £475k for example is not an insane low offer to make on a £525k house in this current market.

Interesting you should have resurrected this thread @whyisitallsohard . Literally completed today at £510k.
But thanks for your opinion on me trying it on