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Offers over XXX. How lucky can I be???

Hi there! There is a property I'm interested but prices it Offers Over XXX. Majority of properties have now Offers over as I see. Would offer below the price indicated be considered?? How lucky I can be??

Asked on Sep 9 2014, House Prices in Renfrewshire | Report content

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  • Why ask here, just make an offer and find out.

    Answered on Sep 9 2014, Report content
  • This is a tricky question to answer, it all depends on what the vendor is willing. As the last poster said, go for it and see what happens. What's the worst that can happen? If you're in a proceedable position and ready to get things moving straight away, you're offer may be considered very valuable - there are a host of factors that effect vendor's decisions and not just the offer amount itself. Set yourself a price that you are not prepared to go above and work to that. If the offer is accepted, great, you've got the house you want at the price you felt was fair. If not, move on to the next one.

    Answered on Sep 10 2014, Report content
  • Hi, Offers over is usually a great indication that the vendor will only accept offers within that region. However any offer that you submit should be passed over to them for their consideration therefore if you are to offer lower it's always best to provide the agent with as much reasoning as possible so they can draw upon this information during the negotiation process. For instance the listing may state offers over however if you were to be a cash buyer with no chain this would be more favourable to the vendor to accept, so again it is dependant upon the circumstances of your offer as well. We hope this helps.

    Answered on Sep 10 2014, Report content

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