Yikes, this thread is scaring the bejesus out of me. I had an offer accepted on friday but I know there was another offer as well. Now I'm worried the other party might offer more but the agents won't tell me, meanwhile I'm instructing a solicitor and arranging to go to the bank to sign on the dotted line. I wish I hadn't read it now!
Originally posted by Puddy Tat: Yikes, this thread is scaring the bejesus out of me. I had an offer accepted on friday but I know there was another offer as well. Now I'm worried the other party might offer more but the agents won't tell me, meanwhile I'm instructing a solicitor and arranging to go to the bank to sign on the dotted line. I wish I hadn't read it now!
don't panic - this thread has concentrated on horror stories!
After reading this thread I am so glad I live and work in Sotland. Here it is totally different, once an offer has been made it is legal and binding. The offical offer is made from the buyers solicitors about 2 days after verbal offer is accepted. Then a few weeks later missives (contract) are signed with a completion date usually about 5/6 weeks after. If you pull out after your offical offer has been accepted then it can cost you a few thousand pounds, so it is very rare that a buyer pulls out.
It's 106 miles to Chicago, we've got a full tank of gas, half a pack of cigarettes, it's dark and we're wearing sunglasses. Hit it!!!.
It seems that the common line from many is that buyers pull out. I just have to stress this: I spoke to EAs, solicitors, etc etc over the last few days. Everyone agrees that currently sellers pull out at a rate of 4 out of 10. I guess it's more to do with the area but it's certainly a sellers' market over here.
We as buyers have been so committed that I now know we have been fooled and blinded by other people's promises.
