Re: From the Times to the Financial Times


"Flying Tortoise" <purple.mug@xxxxxxxxxxxxxx> wrote in message
news:1194918587.156096.225010@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Property in Scotland is sold by sealed bid opened at a stated
deadline. Whilst the vendor is by no means required to offer the
property to the highest bidder it's obviously in his interest to do
so. Therefore the asking price is oft if not always exceeded in areas
where supply trails demand.

The asking price is always stated as "offers above £X" though in this
instance. Not of course that you are obliged to do that, you can offer
whatever you like and when I sold my house in Aberdeen in 1986 when the
market was falling I had to accept a bit less than the "offers over" price
I'd started at. In the current market there, which is frankly insane, I'm
seeing houses going for 20% or more above the asking price.

You only see ONO when the asking price is as much as the person expects to
get.
--
Dave Baker - Puma Race Engines


.

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