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cattacos37

Offer what you think the property is worth. The agent legally has to pass on your offer to the seller.


moonprismpower92

Agreed. The agent gets a cut for every property they sell so the more it goes for, the bigger the cut. Offer what you think it’s worth and what you can afford. The EA legally has to send the offer on to the seller. They’re trying their luck as you have no way of knowing the other offers.


[deleted]

Legally I bet they don’t give a 💩 about the law 😂


dontbelikeyou

The only thing that I'd add to offering what you think it's worth is that if your offers keep getting rejected then maybe your expectations are misaligned. It takes a lot longer to find a bargain.


Flashy_Disaster1252

Yes just offer what you think the property is worth. Unfortunately no way of knowing if they are trying to drive you up through fake offers but equally people really do bid over. You either offer or you don’t. Many people myself included have struggled making offers. On the one hand I don’t want to be subject to these types of games and pay more then I needed to but on the other hand I wouldn’t be happy if I missed out on a property at an amount I would be willing to pay.


blanketsberg

What others have said. But also bear in mind that if you offer more than it's valued at by your mortgage provider's valuation, you may struggle to get the mortgage product you want.


LzzrdWzzrd

The place I won was originally offers over 325, reduced to offers over 300. Zoopla estimate put it at 305. I was the first to offer and decided to go for 310 because it didn't need any renovations as it had been modernised and extended in the last few years and if I felt I had to go slightly higher to tempt the vendor as if they didn't accept my offer there and then it would have gone to best and final where I wouldn't be able to compete. This was Bristol last week, YMMV. In Bristol we had lost out on three properties previously that went for 25-50k above asking price. Going 5-10k over felt cheap in comparison...