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Topic - house buying

Mattyk - on 10 Feb 2013
We've just looked at a house that i really would like. it has OIRO of X but the estate agent informs me it has had 3 offers already and its only been on market since friday.

i'm thinking tactics now. we can afford a little more than the OIRO price. obviously don't want to spend more than we have to as it does require some work. Its in a very desirable location with very few houses coming on the market certainly in this price bracket - so i suspect it would get its asking if not more?

What would you do automatically go in low 10% under. we were thinking of going in only 5% under. Do you think the estate agents sometimes spin a yarn about these other offers?

The general advice i know is split. 10% under or just pay what you are prepared to pay.

Oh collective wisdom what do you think?
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