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Cheers. Will go a little above, read conflicting views on what "Offers in Excess of" actually means, but generally I think it means its on for less than they will actually want to get a lot of attention and then it goes to a shitty bid war... anyone dealt with sales listings like this?
chrisbmx116-
Will go a little above, read conflicting views on what "Offers in Excess of" actually means
Don't. It means nothing.
Ring the agent, say you're keen but you're struggling to put a value on it. Ask if they've had any other offers, try to judge if their answer is the truth...
How long has it been on the market?
Link?
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Agree with Hefty.
Prod and poke the EA. Sure they're working for the seller, but you are their potential commission. I'd start with well what if I offered x amount / asking price... What do you think their reaction will be...
Use rightmove/zoopla to find any local that have sold or are currently under offer. If they are in your favour, then use them as examples to back up your offer/thinking.
If someone offers 5k / 10k more than you, they're gonna have to tell you anyway. And it'd more than likely go to best & finals. And if that happens, surely you want to start lower?
generally I think it means its on for less than they will actually want to get a lot of attention and then it goes to a shitty bid war... anyone dealt with sales listings like this?
There's one EA I'm dealing with in Mcr who only do open days. So they jam about 20 people in one day and probably scare the feckers in to thinking 'oh my god there's so much interest, I'm gonna have to up my bid'.
But yes, some definitely do that. List low. But as above, just mither the EA, you should be able to work that out.
Hefty
Hairingtons
Start with £5k above, keep in touch with EA, you should be able to tell if they are bluffing or if there is an actual bigger offer on the table, if there is up yours by £5k, always be in a position to walk away. Whatever rest of £££ you have left put it in a pension pot?