Tag: asking price
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What Does ‘Offers Over’ Mean? Full Definition & Guide
Read the article: What Does ‘Offers Over’ Mean? Full Definition & Guide‘Offers over’ means the seller is looking for bids above the stated price, which is usually set below the property’s Home Report value to attract more interest. How much you need to offer depends on demand: with strong competition, buyers tend to bid the price up; with little interest, offers close to the asking price…
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Is This a Good Offer on My Property and Should I Accept This Offer
Read the article: Is This a Good Offer on My Property and Should I Accept This OfferWhat Makes a Good Offer and How Should I Know Whether to Accept It or Not? Sellers often ask our Property Negotiators what they would consider to be a good offer for their property, and whether they should accept it. So, how do you answer this question?
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What Does ‘Offers in the Region Of’ (OIRO) Mean?
Read the article: What Does ‘Offers in the Region Of’ (OIRO) Mean?‘Offers in the region of’ (or ‘offers around’) means the seller will consider offers either above or below that price, unlike ‘Offers Over’, which only allows bids above. This is meant to signal that the seller is more open to negotiation. How much to offer depends on demand and competition for the property, as there’s…
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