Sealed Bid Template
Sealed Bid Template - Repos offers are never really 'accepted' till exchange of contracts. 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. Can anyone tell me if a sealed bid is legally binding. If anyone could clear this up for me i'd be. 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. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. This is surely not a sealed bid.
Can anyone tell me if a sealed bid is legally binding. 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. On the initial adverts it was being sold 'by informal tender'. The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted.
Once bids are in you can always come back with a counter offer. £ 1682.50/1550 october challenge £100 a day. Sealed bids doesnt usually mean the highest price is excepted if it isnt a probate sale. 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. 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.
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On the initial adverts it was being sold 'by informal tender'. £ 1682.50/1550 october challenge £100 a day. The estate agents then told us the only way to split the bids is to go to.
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Can anyone tell me if a sealed bid is legally binding. 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.
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Somebody might have thought of that, so you go for £150,101, but someone might have thought of that too, so what about £150,102? Can anyone tell me if a sealed bid is legally binding. Depending.
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This is surely not a sealed bid. If anyone could clear this up for me i'd be. Somebody might have thought of that, so you go for £150,101, but someone might have thought of that.
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Hi going for a house and just wondered if anybody has a letter template they have used for there offer. We could have afforded much more (we have subsequently had an offer accepted on a.
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£ 1682.50/1550 october challenge £100 a day. This is surely not a sealed bid. Once bids are in you can always come back with a counter offer. The estate agents then told us the only.
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Described as the 'sealed bid' or 'scottish' process. Once bids are in you can always come back with a counter offer. If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone.
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The estate agents then told us the only way to split the bids is to go to best and final offer in writing. Emails can be opened, read and marked as unread before the allotted.
I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. On the initial adverts it was being sold 'by informal tender'. 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. 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.
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. Emails can be opened, read and marked as unread before the allotted time, and another buyer informed of the contents by the agent.
Somebody Might Have Thought Of That, So You Go For £150,101, But Someone Might Have Thought Of That Too, So What About £150,102?
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. 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'. If anyone could clear this up for me i'd be.
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.
Described as the 'sealed bid' or 'scottish' process. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. Hi going for a house and just wondered if anybody has a letter template they have used for there offer. On the day of the bid the estate agents confirmed the other party had placed their bid (this is confirmed on email) and so we did the same.
Emails Can Be Opened, Read And Marked As Unread Before The Allotted Time, And Another Buyer Informed Of The Contents By The Agent.
Repos offers are never really 'accepted' till exchange of contracts. £ 1682.50/1550 october challenge £100 a day. 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. Sealed bids doesnt usually mean the highest price is excepted if it isnt a probate sale.
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. Can anyone tell me if a sealed bid is legally binding. This is surely not a sealed bid.
Repos offers are never really 'accepted' till exchange of contracts. If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. On the initial adverts it was being sold 'by informal tender'. If anyone could clear this up for me i'd be. The estate agents then told us the only way to split the bids is to go to best and final offer in writing.