Tuesday, June 10, 2014

What does guide price actually mean?

There is a property advertised on Rightmove at a guide price of £140,000 to £150,000.

We really like the property and made an offer of £135,000. We expected the offer to be declined and it was.

The estate agent said to me they are looking for something closer to the asking price, to which I replied 'well what is the asking price exactly?'

She didn't have an answer and said that she had asked them if they would accept £140,000 but apparently they were still ummin and ahhin.

Now no one in their right mind is gonna offer £150,000. When you search it comes up at £140,000 but then in the description saying £140,000 - £150,000. It's confusing for buyers and I think it puts people off.

I've sold me house and me and my partner have a mortgage in place and are ready to proceed.

We don't want to be back and forth making offers, we are going on holiday next week and we want it all in place.

What offer would you make and whats your opinion on the guide price thing?

Thanks.

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