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  • Just been outbid on a house yet again. The Scottish system of sealed bids is starting to get to me. Offered 11.4% over valuation (in a region where the average sale price in the last 3 months was 10.6% over valuation) and ended up in the bottom 25% of 21 offers.

    There's some absolute madness by people with very very deep pockets out there.

  • Prob in Edinburgh that kind of thing is still going on, Glasgow has cooled right down. Even a few flats on our street (older folk moving off to other places) that are on for under what I'd call normal (from before C19), either because they are cesspits (doesn't seem to affect the price at all, if anything bids go more mental for a doer upper) or to get more folk interested/more bids, hence the lower (still £180k+ offers over for a smaller 2 bed flat with some small work required).
    Keep at it. Would advise to just keep it sensible, no matter how good a property you think it is, once you've scratched the surface you'll always find suprises.

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