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Offers Over/Offers in Excess Of - offers?

3 replies

PiggyMad · 17/05/2010 19:36

Just wondering if a property is marketed at Offers over, where would you out in a first offer? Dead on the amount? Just under? Just over? I'm thinking in terms of a 120grand property with a few for sale at the same price on the same estate.
Any advice?

OP posts:
DoNotFeedMeBiscuits · 17/05/2010 19:44

I think it depends entirely on the local market. The Scottish system works entirely like this, but the amount over varies wildly depending on the area.

not very helpful, sorry - Perhaps see if hte estate agent can give you guidance?

PiggyMad · 17/05/2010 19:46

Yes that's true - could ask estate agent. The fact that there are four on all same price all offers over is making me quite confused!! Thanks for your reply.

OP posts:
foreverastudent · 17/05/2010 21:17

Well it used to be 25-35% above was the MINIMUM expected but now who knows?

Best to go by what it surveyed at.

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