We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Verbal agreement

We are selling our house in Scotland and after drawn out negotiations we received what we were told would be a final offer on Friday. My wife phoned our estate agents this morning to say we would accept the offer. I was unaware my wife had phoned and later during my lunch hour phoned the estate agent to see what was happening. She informed me that she had contacted the buying couple to inform them of our accepting the offer and they had told her they wanted to view another property which is on the same estate agents books. This property is similar to ours but way under priced due to being a repossession.

What is the situation in Scotland regards legally binding verbal agreements, the couple have already had a survey carried out so can't use this as a get out clause?

Comments

  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 15 March 2010 at 8:02PM
    If you haven't received an offer in writing, you haven't received an offer, in my estimation.

    It also seems to me that when the EA spoke to the buyers to say "We accept your offer" and they said they wanted to view another, her next response should have been "Are you withdrawing your offer?"

    Did she ask this?

    Do the buyers think their offer is still on the table, and can be 'pending' whilst they view elsewhere?
  • 2003BHOY
    2003BHOY Posts: 21 Forumite
    googler wrote: »
    If you haven't received an offer in writing, you haven't received an offer, in my estimation - but speak to your solicitor or agent.

    I've been told by a previous estate agent that the law in Scotland was that the verbal offer was legally binding. This estate agent says that the deal can be dropped at any point until the missives are signed, but she has a vested interest in both properties.
  • Sammy85_2
    Sammy85_2 Posts: 1,741 Forumite
    I always thought a verbal agreement was not worth the paper its written on....
    :jProud mummy to a beautiful baby girl born 22/12/11 :j
  • Nosht
    Nosht Posts: 744 Forumite
    In Scotland a verbal agreement is legally binding.

    N.
    Never be afraid to take a profit. ;)
    Keep breathing. :eek:
    Just because I am surrounded by FOOLS does not make me wise. :j
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    Trouble is, I suppose, if it takes time for their offer to be accepted verbally, even if only 15 minutes - and in this case it was a whole weekend, then they might say as soon as the EA rings back, oh, sorry that offer is on-hold/withdrawn as something else has got our interest at the minute...

    Typically awkward Scots. How does anyone prove what was said. Isn't that why you need things in writing...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.