"Guide Price" refers to the estimated price that a seller is hoping to achieve for a property. Here are some key points about it:
1. **Initial Indicator**: It serves as an initial indicator to potential buyers about the expected price range for the property.
2. **Negotiable**: The guide price is often negotiable, meaning that buyers can make offers below or above this price.
3. **Market Context**: It helps to set expectations in the context of the current real estate market conditions and comparable properties.
4. **Not a Final Price**: It’s important to understand that the final selling price may differ from the guide price based on buyer interest and negotiation outcomes.
If you’re considering a property with a guide price, it’s wise to do your research on similar properties to gauge whether the price is fair.
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From: ABLE Toh- Your Property ASSISTANT : )
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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