How much to offer?

[CaitieCat]

We are about to put our house on the market. Looking at potential houses to view on Rightmove and it's all "offers in excess of" and "offers in the region of" and I am not sure where to go in price wise. So if a house is on "in excess of" say £350,000, how much are they likely to be looking for? Because I doubt they're going to accept £351,000 (obviously I wouldn't make an offer like that) but how much is "in excess of" supposed to be? Similarly, "in the region of" would an offer of £345,000 be considered in the region of £350,000, or are they only looking for offers of more than £350,000 too? I can't really remember what we did when bought our first house. I know it is going to be stressful and I hate the idea of second guessing offers or trying to figure out what sellers want etc

Excellent observation 👍👍

Make the offer you think it’s worth. They can always say no.

Id do your homework and offer what you think it's worth.... they're gauging the market just like you.

I offered 5% less than the 'offers over' price and got it.

Good luck

Exactly.

Thanks all, it's been really helpful hearing what everyone has said. Ours goes on the market next week so fingers crossed.

Good luck.