I have two contradictory experiences with OIEO properties, so I’m not sure whether a rule can be found. Depends greatly on how long it’s been on the market for, I think.
Recently bought a flat for 5% less than the OIEO asking price. But a couple years ago, when everything in E17 was selling in a week, I had to go 5% over.
If you feel it’s undervalued to attract viewings, then personally I’d offer the asking price to show willing and then work your way up from there as Tenderloin has said.
It is in E17, doesn't sound much different to a couple of years ago!
It's definitely undervalued to attract viewings. I just worry that going in at asking when it's OIEO and everyone knows it will go for a fair chunk more will make us not look serious...
I have two contradictory experiences with OIEO properties, so I’m not sure whether a rule can be found. Depends greatly on how long it’s been on the market for, I think.
Recently bought a flat for 5% less than the OIEO asking price. But a couple years ago, when everything in E17 was selling in a week, I had to go 5% over.
If you feel it’s undervalued to attract viewings, then personally I’d offer the asking price to show willing and then work your way up from there as Tenderloin has said.