OIEO stands for "Offers In Excess Of". This is a sales tactic used by many agents to ultimately gain a higher price than what it has been marketed at.

In this short video, Will explains the following in more detail:

How Does OIEO Work?

This method works best when the property is priced competitively to attract numerous viewings and generate high interest. The idea is to spark a bidding war among potential buyers, ultimately driving the sale price up.

Factors to Consider:

While OIEO can be effective, it's not foolproof. Here are a few reasons why it may not always work:

  • Overpricing: If the property is initially priced too high, it may deter potential buyers and fail to generate interest or viewings.
  • Slower Market: In a sluggish market, the OIEO tactic may not yield the desired results, as buyers may be more cautious with their offers.

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