What Does "Offers Over" Mean in Scotland?
By PINEAPPLE NEST · Published
What is "Offers Over"?
In Scotland, most properties are marketed at an "offers over" price. This is the minimum price the seller is willing to accept — but in practice, buyers are expected to bid above it. Think of it as the starting point, not the final price.
How does it work?
When a property is listed as "offers over £200,000", interested buyers submit sealed bids through their solicitor by a set deadline (the "closing date"). Each buyer submits their best offer without knowing what others have bid. The seller then chooses which offer to accept — usually the highest, but not always.
How much over should you bid?
This depends on the local market. In competitive areas like Edinburgh's Stockbridge or Glasgow's West End, properties regularly sell for 10–20% over the asking price. In quieter areas, you might secure a home at or just above the offers over price.
Tips for buyers
- Get your mortgage in principle first — sellers and their solicitors take you more seriously.
- Research recent sold prices in the area to gauge what homes actually sell for.
- Consider your "walk away" price — the maximum you'd pay without regret.
- Add personal touches — a letter to the seller explaining why you love their home can make a difference when bids are close.
Tips for sellers
- Set a realistic offers over price — too high and you'll deter interest; too low and you might attract time-wasters.
- Your Home Report valuation matters — buyers' mortgage lenders will check it.
- Consider all offers holistically — a slightly lower bid from a chain-free buyer with a mortgage in place might be safer than the highest bid from someone who hasn't sold yet.
On Pineapple Nest
When you list on Pineapple Nest, you set your own price and pricing type — offers over, fixed price, or offers around. You're in control. And because buyers contact you directly, you can have real conversations about their situation before setting a closing date.