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Fixed Prices in Scotland - Advice Needed!

scotgirl
scotgirl Posts: 805 Forumite
in House buying, renting & selling
Can anyone tell me what happens in the Scottish system where a house is fixed price and there is more than one offer.

We are interested in viewing a house which is fixed price and has gone to a closing date.
Thanks in advance if you can advise. :beer:
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Comments

  • tin_kitten
    tin_kitten Posts: 26 Forumite
    With a fixed price generally the first offer in gets it. If they have gone to a closing date then they might not have had any offers or they might be willing to take an offer other than the first if the entry date is preferrable to them.
  • budgetflyer
    budgetflyer Posts: 5,949 Forumite
    Sometimes a house is offered at a "fixed price" AFTER it didnt meet the sellers expectations on an "offers over" basis. I.e O/O £150K expectations would be maybe £175K. If they dont get this they may revert to a happy medium and settle for a "fixed price " of say £168K. If there are 2 offers then possibly the most flexible buyer re move in date etc could get preference however if sellers are "motivated" it may just be first past the post.
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