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Do sellers have to disclose multiple offers

My offer accepted on a house but EA said there is another offer on table and they will go with whoever can move faster.

My worry is that what if both buyers (me & other) proceed in parallel and then finally they just decide to go with one of the buyers.

Is there any legal requirement that seller has to disclose whether they are proceeding with other buyers?
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.

Comments

  • I believe the vendor's solicitor has a duty to inform a buyer's solicitor if they are involved in a 'contract race'.
    "You were only supposed to blow the bl**dy doors off!!"
  • You might want to clarify with the EA
    But you will probably find the vender wants confirmation of which would be buyer is in the best position eg mortgage approved house sold no chain cash buyer etc
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