Scotland - just accepted a verbal offer....what happens now?

ellie27

Accepted an offer today on our house - yay!!!

We are in Scotland.

This is our first house sale so unsure of the process.

We have already a solicitor arranged who will do the conveyancing for selling and buying.

On accepting the offer today, I asked our estate agent what do we need to do now and he said he will get the buyer to put the offer in writing through the buyers solicitor and get back to us when they have that.

Hubby thought that was strange as he thought we would just give the estate agent our solicitors details to pass onto their solicitor so that they can put the offer in writing straight to our solicitor.

Its all new to us.

Does the written offer normally go to agents to get passed on to our solicitors from them?

What normally happens afterwards?

Thanks!

booksurr

read the basics bearing in mind that Scotland's process is totally different to the rest of the UK :
http://www.adviceguide.org.uk/scotland/housing_s/housing_buying_and_selling_s/selling_a_home_scotland.htm

davidmcn

ellie27 wrote: »

Does the written offer normally go to agents to get passed on to our solicitors from them?

Yes, they will normally go via the agents. Your solicitor will then go through it with you in detail before sending a qualified acceptance (basically a counter-offer with some, or lots, of the clauses tweaked). And so it goes on until both sides are happy and missives are concluded.

googler

ellie27 wrote: »

Accepted an offer today on our house - yay!!!

Not really. Until the offer arrives in writing, you haven't really accepted anything, merely discussed terms which may be agreed in a future offer.

This is our first house sale so unsure of the process. We have already a solicitor arranged who will do the conveyancing for selling and buying.

...and who should be able to advise you on these matter, without you posting here. He/she is being paid to do this for you, so take advantage of it.

On accepting the offer today, I asked our estate agent what do we need to do now and he said he will get the buyer to put the offer in writing through the buyers solicitor and get back to us when they have that.

Hubby thought that was strange as he thought we would just give the estate agent our solicitors details to pass onto their solicitor so that they can put the offer in writing straight to our solicitor.

Its all new to us.

Does the written offer normally go to agents to get passed on to our solicitors from them?

Yes.

What normally happens afterwards?

Written offer is sent by your buyer's solicitor to your agent. Agent checks the offer, with any conditions therein, is acceptable to you. There may be conditions attached which make the offer less agreeable to you.

If acceptable, offer passes to your solicitor, who will send a qualified acceptance to the buyer sol. This essentially says "We accept, but (with these qualifications)". Letters (missives) pass back and forth between sols until final acceptance, which is 'conclusion of missives'.

There's more detail around it, but your solicitor should be telling you all this.....