General Chat, Products & Comps <
09/06/2013 at 12:18
Husband and I are house hunting. We've found a house that we love online that's at the very top of our price bracket but it says "offers in excess off XXX"... Do they mean it? (appreciate that this a very subjective!) Anyone ever offered a lower price on a house with such a caveat? Anyone sold their house with this caveat in place? I think I once read that people do this when they've already reduced the price considerably and don't want to go any lower?
It's a lovely house but it does need some work doing to it - the windows all need replacing for a start, some of them look particularly rotten, and that's just going by the photos...
09/06/2013 at 13:10
I think it's worth putting in any offer tbh. We offered on a house that had a price range and we offered lower than the starting price, it was accepted x
09/06/2013 at 15:02
Thanks Lauren, that's good to hear. Think we're going to make an appointment to view it and then see what we think. Exciting! x
09/06/2013 at 16:21
No harm in a cheeky offer IMO....thing is it's only worth what someone's willing to pay for it x
09/06/2013 at 17:11
Exactly what weekender says. Good luck figaro!x
09/06/2013 at 18:00
We just bought and moved into a house for which we paid £10k under the 'offers over' price. We started out negotiations even lower. Good luck.
09/06/2013 at 18:27
When we bought our current house it was offers in excess of. We offered less and they politely declined and explained someone else was also offering the asking price so we put an offer £500 above, the others offered more and they accepted our offer!
09/06/2013 at 19:35
We got our house that was advertised as "offers in excess of X". We offered X, and got it. It had previously been up for £20k more, and I think they just wanted to sell it.
09/06/2013 at 19:44
Possibly different up in Scotland but our house was on sale at offers over and we accepted less than that. Just depends on the market whereas a few years ago a house at offers over would normally go for at least 10% over
09/06/2013 at 21:37
Thanks for taking the time to reply ladies! That all sounds quite promising then. We're going to go and see it and then decide from there if we'd like to put in an offer, probably for less than what they've said, and see what happens. I do really love it from the pics...can't stop looking at it! Eeek! X
We've sold our flat. We put offers in excess because below that price we literally couldn't afford to sell. Someone still offered nearly 10% below that to which I laughed and explained the situation to agent, then they made another still under!
Anyway, someone came in at our offers over price which we accepted purely because we're desperate to shift the bloody place.
So might be worth an offer but don't be offended if they laugh at you
09/06/2013 at 22:51
Thanks WH, that is what I thought might be the case. Good to know.
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