0

I often see "Enquiries Over $xxx,xxx" in real estate ads, e.g. "Enquiries Over $500,000".

Does the "over" literally mean offers should be above the figure (or don't bother approaching the seller), or "around" the figure (i.e. the figure is provided as a guideline, not a minimum)?

Does the same apply to "Negotiate Over"?

Please note that it is the exact meaning of the phrase I am asking, not enquiry / negotiation tactics.

2

"Enquiries Over $xxx,xxx" means that the seller will not consider offers under the stated amount. In New Zealand, they apparently take this seriously. Go here for a story that uses the term about a real estate agent fined for advertising a property at "Enquiries over $380K" when he knew the seller wouldn't let the property go for under $400K.

1
  • Thank you for the detailed answer with example. I'm in New Zealand :) Marked as answer.
    – Xeon
    Oct 4 '15 at 8:38
1

It means that the owner wants offers over the amount x. So don't bother offering anything under x.

0

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.