12 Nov 19, 09:27 AM
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#36
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Thread Starter
Imagineer
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Originally Posted by Disney_time
We're in Scotland and its nearly always "offers over", Unless someone wants a fixed price for a quick sale. Your estate agent just monitors the amount of interest and official "notes of interest" (meaning if you have made a note of interest you must be notified of a closing date). When the estate agent thinks there is enough interest to make a sale, they will fix a closing date, when sealed bids are delivered.
Most sellers are looking for at least 10% over, not so sure about the coutryside, but we are in the city so we would be looking for at least 20-30% over and many here go for more because we are in an excellent state school catchment.
I agree, useless for budgeting, and gives false hope when looking at adverts, but it really makes your estate agent work for their money. See more... |
Omg that is crazy where city properties could fetch 20-30% above the offers over price. I'm glad England doesn't usually follow that very high percentage above the starting price or a £500k property could sell for £650k (wow).
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