publication date: Jun 28, 2012
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
How to Price Property?
Asking Price for a House
We are regularly answering all types and subjects of property questions from consumers for FREE via our Property Forum.
Here's a snippet of one of the many property queries we have answered: recently-
Q - Is there any benefit of advertising a property for sale in England as "offers over" a certain amount? READ THE FULL QUESTION
A - With offers over, I think this is a good idea if it's a property which isn't easy to price. For example, if it's a rural property or a unique property in an area and you want to make sure you don't get 'silly offers'. However, the offers over price needs to be sensible, ie a little below perhaps what you are expecting. In the auction houses for example, their guideline prices are typically 25% less than they think the house would be worth. ANSWER CONTINUED HERE
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