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Estate and Letting Agents : Established 1992
for the East London property buyer
Responses to Your Offer
You will usually make your offer through the estate agents
marketing the property you intend to purchase.
The seller can respond to your offer in one of three ways:
They can unconditionally accept your offer as it is and confirm
their acceptance via the estate agents . Once you’re
informed of the seller’s acceptance, you may then request
that the seller removes the property from all the "market
places" where it is being offered and the property is
then considered "sold subject to contract" by all
agencies involved in the sale whilst the transaction proceeds
to completion.
They can reject your offer, which means you can no longer
be held to it.
They can make a counter-offer with changes to certain conditions
such as the price, completion or repairs, for example. You
can either accept their counter-offer or make a counter-offer
of your own, to which the seller can make another counter-offer.
This can go on until both parties agree on the terms of the
sale which may then proceed to exchange of contracts and completion
in the usual way.
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