Sometimes we use slightly perplexing words in the property world, so if you're not sure what they mean, check out our jargon-buster.
An amount that a buyer offers to pay for a property.
Offer of a Loan
The formal document approving a mortgage that a buyer has requested which details all terms and conditions that will apply.
OIEO = Offers in Excess of the price listed
OIRO = Offers in region of
OITRO = Offers in the region of
Open Market Valuation
The price that a property will achieve on the open market.