If
several buyers are interested in a property, the offers may have
to be made through sealed bids. This is where you
all put your offers in writing and they're supposed to opened at
the same time.
If
you get involved in a sealed bid, aim to go a little
higher than your competitors. Depending on the circumstances you'd
probably want to offer more than the asking price. You want to stick
out to the sellers.
Just
above your competitors would be fine. But beware of bidding
too high as sealed bids are known to lead to people paying
well over the odds.
Don't
bid a rounded figure but try an odd amount, eg £100,101
will be more effective eg than a rounded £100,000. The point is
to avoid a tie with the other bidders.
Don't
forget to put "Subject to contract and without prejudice" at
the top of any letters ie your written bid.
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Please
note, this information is NOT necessarily RELEVANT in Scotland
