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I reckon if I bid 840 then it would just be the start, and I don’t want to get involved.
Deal with it like everyone should deal with an eBay auction. If you think 840 is the most you'd pay (and it's already at 830) then bid 840 and be prepared to be outbid.
If you don't bid 840 then you will have 0% chance of getting it for 840.
If you do bid 840 then you've got a small chance of getting it at 840. If the others out bid you then enjoy walking away. It doesn't cost you anything and you get the smug satisfaction that you've probably cost the others an extra £20k by making them bid up to 850. Just don't get caught up in a bidding war.
I bought our current place on the strength of offering asking price (in 2007!) and saying "That's it, that is the final final offer, there is no more, if they want more it won't be from us, take it or leave it."
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Greenbank
@Dammit
My feeling is that the price would bid up fairly far, the house is probably worth close to a million in good condition, so another 20k on the purchase may seem like small beer to the other party. I reckon if I bid 840 then it would just be the start, and I don’t want to get involved.