When is an offer a good offer?

We invited George Burnand of Winchester’s Strutt and Parker to answer that question, ahead of the estate agent’s Open House Day tomorrow, where house-hunters are given the flexibility to explore a range of property options on the market in one day.

“We are often asked how offers are made, with everyone questioning the terminology before the offer, buyers asking how much above the guide to take it off the market, and sellers, on the other side, asking why people don’t make offers!  Which was a question asked by my client at Chilbolton Avenue this morning.

Dealing first with the terminology: guide price, asking price, offered at … in excess of or price on application all mean something, but what? Often it is down to each agents’/ individuals interpretation.  We tend to use ‘guide price’ as it gives both parties and us the flexibility to negotiate a price that is satisfactory to all.

When asked a few years ago “what offer would it take to remove a house from the market before launching”, we would think of a very high figure and double it.  There is now a sense of realism, and while guide prices would typically need to be increased, sales are being agreed at sensible levels above.

Our belief is that any offer is worth making and, in discussion with you, we will work on an appropriate way of delivering it.

So the message is for the Open House Day,  be brave and view a good price range of properties – we have some very motivated sellers and you never know what deals can be done!”

Winchester properties featured in the Strutt & Parker Open House Day on 11th October 2014 include:

3 Hockley Cottages – a developing dream. It needs almost everything doing but is in the highly popular village of Twyford with excellent transport links.

1 Forge Cottage – This sweet little cottage is completely ready to go, all you would need to do is find a tenant.

The Mission Hall – Again this is ready for someone to move in to and as it is located next to Shawford’s station yet in this lovely village, the best of both worlds!

Bramble Bank – The house is in walking distance to Grateley station so would be a fantastic opportunity for a family to rent after moving from London for the first time. The house is a modern build so would be easy to maintain.

63-67 Church Street – The current owners have already gone down this path, the house is easily divided in to two homes and they kept the smaller section as their lock up and leave.

8 St James Terrace – Winchester is a popular city to invest in at the moment with its strong commuter links to London. Period townhouses such as this are classic investment opportunities due to their ease of finding a tenant and in an area that we can foresee remaining popular.

Yaffle House  A no fuss required family home ready to tenant and go.

23 Chilbolton Avenue – as with our townhouse above this would be a popular city house that would be low maintenance.

For more information on the Open House Day, please visit Strutt and Parker, Winchester.