What Does Guide Price Mean On Rightmove

I will be asking the agent on the viewing but any ideas would be much appreciated.

What does guide price mean on rightmove. How low can the initial offer be to encourage further negotiation without putting the seller off. The phrase guide price when marketing your property on portals can leave it open to interpretation. In short the guide price refers to the approximate amount the owner hopes to achieve. The final selling price could end up being higher or lower than the guide price.

In simple terms it is just a rough idea of what the selling price will be. Sometimes especially with higher value houses sale particulars might also use terms such as offers in the region of oiro or offers in excess of oieo when suggesting a price level or range. Often it s not enough just to have a simple asking price other terms that commonly appear on property adverts include phrases such as offers in excess of guide price and price on application. As the easter sales weekend kicks off the head of a prominent buying agency says estate agents confuse the true valuation of a home by attaching guide prices or by calling for offers in the region of or in excess of.

In fact the prefix price like guide price or price from is just a. Are they expecting a minimum offer of 600 000 or is there room for a lower offer. 15th aug 2020 find out what guide price means when you are buying a property. Email save comment 8.

Some agents will only ever use guide prices won t have the courage of their convictions state the price have done with it. What does guide price mean plus over 150 other property related terms and jargon in plain english. If an agent says that a property has a guide price of 600 000 what does it really mean.