Sealed Bid Template

The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted. Described as the 'sealed bid' or 'scottish' process. We could have afforded much more (we have subsequently had an offer accepted on a property that is £135k more expensive than the one we put a sealed bid on) but we decided to offer what we thought the property in question was worth to us, bearing in mind we were somewhat hamstrung with what we felt the bank may value the property at. Emails can be opened, read and marked as unread before the allotted time, and another buyer informed of the contents by the agent. On the initial adverts it was being sold 'by informal tender'.

Can anyone tell me if a sealed bid is legally binding. On the initial adverts it was being sold 'by informal tender'. Described as the 'sealed bid' or 'scottish' process. The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted.

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Can anyone tell me if a sealed bid is legally binding. Once bids are in you can always come back with a counter offer. Depending on sellers viewpoint, they will accept highest sealed bid and stick with it, or keep accepting offers until they have bled all interested parties dry. Sealed bids doesnt usually mean the highest price is excepted if it isnt a probate sale.

Hi Going For A House And Just Wondered If Anybody Has A Letter Template They Have Used For There Offer.

If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. The estate agents then told us the only way to split the bids is to go to best and final offer in writing. On the initial adverts it was being sold 'by informal tender'. We could have afforded much more (we have subsequently had an offer accepted on a property that is £135k more expensive than the one we put a sealed bid on) but we decided to offer what we thought the property in question was worth to us, bearing in mind we were somewhat hamstrung with what we felt the bank may value the property at.

I Only Viewed The Property Today And The Bids Have To Be In By Monday So I Won't Have Time For A Survey Etc So I Am Concerned That If I Make An Offer Which Is Accepted And Then Find.

Repos offers are never really 'accepted' till exchange of contracts. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted. This is surely not a sealed bid.

Emails Can Be Opened, Read And Marked As Unread Before The Allotted Time, And Another Buyer Informed Of The Contents By The Agent.

Described as the 'sealed bid' or 'scottish' process. As you say its just a tactic to get people to offer more. If anyone could clear this up for me i'd be. Chances are once the highest bid is 'accepted' (joke), it will have to be advertised in the local paper for 7 days, requesting higher bids.

Once bids are in you can always come back with a counter offer. The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted. On the initial adverts it was being sold 'by informal tender'. The estate agents then told us the only way to split the bids is to go to best and final offer in writing. We could have afforded much more (we have subsequently had an offer accepted on a property that is £135k more expensive than the one we put a sealed bid on) but we decided to offer what we thought the property in question was worth to us, bearing in mind we were somewhat hamstrung with what we felt the bank may value the property at.