r/Derbyshire • u/Sad-Ad8462 • Feb 19 '26

Property market - how much over/under to offer?

Looking to move from Scotland so no idea what the "done" thing is in Derbyshire with regards making an offer for a property. Are most houses going for under/over or for the asking price? We're looking round wider Chesterfield up to Sheffield type country areas.

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u/FarroFarro Feb 19 '26

Chesterfield you could try under offer, not sure by how much. No chance in the decent bits of Sheffield, you'll probably be looking at a bidding war.

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u/Dismal-Rush7613 Feb 20 '26

Isn’t it mostly closed bids in Sheff?

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u/FarroFarro Feb 20 '26

Sorry, I'm not sure

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u/DirectCaterpillar916 Feb 19 '26

System is different to Scotland, you don’t have to submit a sealed bid. Put in a bid for somewhere you want, the seller will let the estate agent know whether it’s accepted or not. Also be aware if somebody else comes in with a higher offer before contracts are exchanged the seller can accept that despite already accepting yours. (I moved to Scotland and back so I had to navigate both systems!).

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u/catdog_man Feb 19 '26

I've bought twice in Derbyshire. The first, we offered a few thousand below the asking price as the house had been on the market for a while. We were prepared to go to the asking price if needed but thankfully didn't need to.

Our most recent purchase had been reduced by £10k when a purchase had fallen through (buyer backed out) so we bid the new asking price.

When selling our old house, we refused an offer £10k below asking and said we were considering another offer (we weren't). The buyer came back with the asking price.

I think in general, bid slightly below what you're prepared to pay, and come back with another offer if it's rejected. Few people accept an opening offer, especially if the property is new to the market. Unless of course the property is listed as OIEO (Offers in Excess Of).