Aug 15,2011
By: 'E'
Aug 15,2011
10 people found
this helpful
I tried to book a viewing for a property advertised as 'Offers in excess of £119950', only to be told that the vendor would not consider any offers under £135000. She said there was no point in booking a viewing, even though we are cash buyers, with no property to sell in a position to proceed straight away.

Annoying sales patter too. ie 'loads of interest in this property', 'loads of viewings booked this week' ;'we don't have room dimensions as we don't have time to prepare full details, as our properties sell straight away'. I asked how long the property had been on the market and was told about a month. Yet I'm sure it has been on Rightmove for months.

I'm no expert, but I find it highly doubtful that in today's market people would be flocking to offer substantially higher than asking prices, and be willing to enter into 'bidding wars' as stated on their website.
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By: Bambam
Nov 14, 2011
Why do people find it so hard to understant "Offer in Excess of" means exactly that. Offers higher than, did you think that your initial offer was going to be accepted?? This estate agents work in revers of the high street. There they price property high expecting offers to be 5-15 percent lower than the asking price, Express price lower to stimulate interest and drive the price up to what the market decides is acceptable. If some of the people leaving silly coments on this website had a brain they would expect to pay higher than the figure quoted as it clearly says "Offers in Excess of" An easy calculation is to add between 10 and 20 percent to the asking price. By all means chance it at 5 percent but don't belly ache when your offers are rejected. After all buying a house is all about negotiations.
By: Jay
Aug 22, 2011
Just had the exact same situation. i'm a FTB with a mortgage in principle. Rang to view the house, saw it , liked it,was up at offers in excess of £149950 made offer 5k under asking price, was told they would only consider offers in excess of asking price. Made a new offer at £150,000 waited for a week. Just had a call to say that they want £165000 for it. Told them to withdraw my offer and do one :)

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