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Anyone have any thoughts on tactics when you want a place which is 'offers in excess of'?
Use https://www.getagent.co.uk/ to see what the % of asking price is typically the sale price for the estate agent in question, and offer that much.
It's a site for people selling their house, but actually the information can guide you as a buyer.
Velocio
Anyone have any thoughts on tactics when you want a place which is 'offers in excess of'?
We viewed a place we like yesterday, it's on at offers in excess of x when x is about 8% less than what we think it's worth.
We do want to buy on this particular street but our place isn't on the market yet, so we're prepared to go high to try and convince the vendors to go with us over people who are in a better buying position because we want it and we don't know when something similar will come up again.
It will be first offers tomorrow then best and final later in the week. We'd rather not show our hand too much in the first round of offers so our final offer isn't anticipated.
I think our first offer should be big enough to seem serious but not so big it sets hares running and encourages a bidding war between the other prospective buyers.
Does that make sense? I have no idea what I'm doing really because we were first time buyers last time round.