UK
Offers over
Offers over, or offers in excess of, asks buyers to bid above a stated figure. It does not promise the vendor will accept the first bid that clears that figure.
Also called Offers in excess, OIEO.
Where you see it
It is common in Scotland and also used in England when a vendor wants competition. The figure is a threshold for offers, not a completed price. Closing dates and best-and-final rounds are a separate instruction. Follow the one the vendor actually gave.
In the advert
Publish the words the vendor agreed: “offers over”, “offers in excess of”, or a plain asking price. Do not add “offers over” to a normal asking price because it sounds busier.
Questions
What does Offers over mean?
Offers over, or offers in excess of, asks buyers to bid above a stated figure. It does not promise the vendor will accept the first bid that clears that figure.
General information for agency staff, not legal advice. Rules and local practice change. Check the official source before you rely on a definition in a client letter.