Offers for a house....legally binding??

[ButtonMoon]

If you put a written offer in for a house purchase, is it legally binding in any way? Or is it always subject to contract, whether written or not?

i think ( and am not qulaified to say - just from memory from our house move four years ago......)
that once you exchange contracts, you will lose your deposit etc if you pull out......
if you haven't exchanged contracts yet, it is not legaly binding.......well it wasnt four years ago

I am sure someone will come along and confirm for you though

I'd have thought it was subject to contract, having had written offers which fell through because the purchaser hadn't got their finance sorted before now and there was nothing we could do about it.

In the same vein, I thought until exchange of contracts the buyer can also just turn around and accept another offer if they so choose.

depends where you are .. if you are in scotland the offer is binding .. in england and wales it isn't .. just right subject to contract on the letter if you're particlarly bothered

Message deleted

Gosh at that price W&R I might beable to afford a property Where is it?

Just a proviso on W&R's response. This is the case in England, but it is different in Scotland. If you put in a bid in writing there and your bid wins, I believe that it is legally binding.

not legally binding even if the offer was a sealed bid?

Don't think so - it would still be subject to contract, and you wouldn't have done the survey, searches and so on. Think auctions may be different as you are expected to have covered this beforehand and exchange contracts quickly.

Message deleted

thought the valley's were getting a lot dearer these days, W & R as were on trains lines/commuting distance to Cardiff?

We are in England!

Message deleted

do you think the single man ratio is connected to the white cotton sock buying ration W & P

Message deleted

Message deleted