I will be moving to Scotland from Essex in about 3 months time. Over the last few months I have been looking at houses in the Greenock area. I am little unclear of a couple of things. I have found a couple of houses that I have been watching, that all say 'Offers in Excess of £110,000'.
Can anyone tell me, what 'Offers in Excess of' actually means? and how it works. Is the a rule of thumb, like add 10% to that price or something? What would be a good starting offer to put in?