Sealed bidding on property - any experiences?

[DanX5]

Seen a house I like and it has a guide price and a deadline for 'sealed bids'.

Not personally had any involvement in a sealed bid process before and wish that this particular property was not subject to this process as would have liked to enter normal offer and negotiations.....

Any idea of what current actual sales price is as % of asking price? I know that RICS do reports on this but can't find anything 'current'.

[DanX5]

Nolar Dog said:

Can you not check a comparable on House Prices?

Would have been nice to be able to do this but only 1 property sold in the postcode since 2001 and all properties in that part of the village range in size, date, character, etc, etc.

TBH I think this is why the agent has put it on as a guide price as they are struggling to value and are asking for sealed bids just to get some firm offers in by way of indication.....