We like direct conversations so if you’re interested in one of our properties please reach out to our Edinburgh estate agency team. If you have an offer in mind we can verbally or informally put this to the seller. If the seller expresses an interest in accepting your informal offer we would then ask you to instruct your solicitor to send us a written offer which we can then share with the seller before coming back to you to accept, negotiate or reject. Often, interested parties will ‘Note Interest’ with us. This means that we would keep them informed of any changes relating to the property, including a closing date being set. In most occasions we would not normally accept any other offer while parties have noted interest. This isn’t always the case however if a very urgent or appealing offer comes in the seller is still within their rights to accept that offer, even though other parties have noted interest. An estate agent will normally set a closing date once they have multiple notes of interest and this is an opportunity to submit their best offer to us, via their solicitor ahead of the closing date.What happens once my offer is accepted?
If the seller is happy to accept your written offer we would loop in their solicitor who would then send a written acceptance to your solicitor or may negotiate some of the terms. Some offers will include the requirement for a survey to be carried out, perhaps relating to damp, stonework or the property’s roof. Neither party is legally bound until ‘Missives’ are concluded, meaning a contract has been signed and this regularly doesn’t happen until a couple of days before completion. Before this, solicitors will be working through a series of steps to ensure the sale can go ahead including checking title and any outstanding notices on the property. During this time, lenders will progress mortgage checks and paperwork.