Duck! Pintail listing soars past offering price
/
17 Pintail Lane, asked $3.950 million, sold for $4,271,00.
It may be time to adopt the English practice of just posting “Guide Prices” which suggest the seller’s desired starting point.
(Of course, these properties are off-limits to native English-speakers)
AI Overview
In Great Britain, "suggested" prices in real estate ads are commonly listed as
Guide Prices, which are estimated valuations based on market data, demand, and comparable sales rather than firm selling prices. These guide prices are often used for auctions or premium homes and are open to negotiation, with buyers typically offering 5–10% lower or higher, note haart.
haart
Key Aspects of UK "Suggested" Price Ads:
Guide Price Definition: A guide price is an indication of the seller's minimum expectation and a guide for the starting price, but it is not a guarantee of the final sale price.
Negotiation Flexibility: Unlike a "Fixed Price" or "Offers Over" listing, a guide price encourages offers, allowing buyers to gauge interest and sellers to test the market.
Typical Usage: Frequently used in property auctions and high-end listings on portals like Rightmove.
Bonus material
While prowling the internet looking for examples of British guide prices, I came across Sotheby England’s page — If a cottage on Rogues Hill strikes you as too plebian and far below the minimum price that will impress your friends and tell the world how important you are, you may want to move your search across the pond; I’m sure Joe Barbieri would be willing to assist, and perhaps he’ll let me tag along.
