No photo available of PLAYUP

PLAYUP

What is property guide price

A guide price is stated between £280K-£310K. Would asking price be £280K with offers expected 5-10% below £280K. Why can't EAs sell with a single asking price instead of creating confusion with price guides?

Asked on Feb 19 2012, General in Loughton | Report content

Answer this question

Answers (3)

Was this question useful? Yes 5 No 0

Sort by: Oldest | Recent | Highest rated

  • Photo of HomeWhereTheHeartIs

    HomeWhereT...

    A guide price is just that, it is to try and guide you to offer around that price. To state £280K-£310K is a little confusing, it seems to suggest an offer somewhere between those two prices would be acceptable, but often people like to bid below an asking price and negotiate up a little. My guess is that the vendors do not want to accept lower than 280k, and are trying to coax a higher offer. You could try to come in lower than the 280k to know what the vendors are looking for.

    Answered on Feb 20 2012, Report content
    Was this answer helpful? Yes 4 No 0
  • Photo of Harringtons Letting

    Harrington...

    In selling property, a price that gives buyers a general idea of how much the seller wants, but which may be reduced or indeed increase. In simple turns it is just a rough idea of what the price will be.

    Answered on Feb 21 2012, Report content
    Was this answer helpful? Yes 1 No 0
  • Photo of ForestResidential

    ForestResi...

    Guide price can be used by agents as a way for sellers to appear lower in price order online. Sometimes agents use the lower price as an indicator of where a buyer can begin with an offer but it may not be a price the seller would even consider but a bottom line for the start of negotiations.

    Answered on Jun 11 2012, Report content
    Was this answer helpful? Yes 0 No 0

Didn't find what you were looking for? Ask a question

More General in Loughton questions on AskMe

See more AskMe Q&A about General