Sealed Bid Template

Sealed Bid Template - This is surely not a sealed bid. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. Described as the 'sealed bid' or 'scottish' process. If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. Repos offers are never really 'accepted' till exchange of contracts. Hi going for a house and just wondered if anybody has a letter template they have used for there offer. On the initial adverts it was being sold 'by informal tender'.

Emails can be opened, read and marked as unread before the allotted time, and another buyer informed of the contents by the agent. On the initial adverts it was being sold 'by informal tender'. The estate agents then told us the only way to split the bids is to go to best and final offer in writing. Described as the 'sealed bid' or 'scottish' process.

Hi going for a house and just wondered if anybody has a letter template they have used for there offer. On the initial adverts it was being sold 'by informal tender'. Repos offers are never really 'accepted' till exchange of contracts. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. Once bids are in you can always come back with a counter offer. If anyone could clear this up for me i'd be.

On the day of the bid the estate agents confirmed the other party had placed their bid (this is confirmed on email) and so we did the same. This is surely not a sealed bid. Chances are once the highest bid is 'accepted' (joke), it will have to be advertised in the local paper for 7 days, requesting higher bids. If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. Somebody might have thought of that, so you go for £150,101, but someone might have thought of that too, so what about £150,102?

We could have afforded much more (we have subsequently had an offer accepted on a property that is £135k more expensive than the one we put a sealed bid on) but we decided to offer what we thought the property in question was worth to us, bearing in mind we were somewhat hamstrung with what we felt the bank may value the property at. On the day of the bid the estate agents confirmed the other party had placed their bid (this is confirmed on email) and so we did the same. Once bids are in you can always come back with a counter offer. Sealed bids doesnt usually mean the highest price is excepted if it isnt a probate sale.

The Estate Agents Confirmed Our Bid Of Was £142,000 Was The Higher And Was Subsequently Accepted.

If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. Somebody might have thought of that, so you go for £150,101, but someone might have thought of that too, so what about £150,102? This is surely not a sealed bid. Hi going for a house and just wondered if anybody has a letter template they have used for there offer.

As You Say Its Just A Tactic To Get People To Offer More.

Depending on sellers viewpoint, they will accept highest sealed bid and stick with it, or keep accepting offers until they have bled all interested parties dry. Emails can be opened, read and marked as unread before the allotted time, and another buyer informed of the contents by the agent. I am interested in purchasing a house in my area and as there is alot of interest it is going to sealed bids. Chances are once the highest bid is 'accepted' (joke), it will have to be advertised in the local paper for 7 days, requesting higher bids.

On The Day Of The Bid The Estate Agents Confirmed The Other Party Had Placed Their Bid (This Is Confirmed On Email) And So We Did The Same.

Once bids are in you can always come back with a counter offer. Described as the 'sealed bid' or 'scottish' process. Sealed bids doesnt usually mean the highest price is excepted if it isnt a probate sale. Repos offers are never really 'accepted' till exchange of contracts.

On The Initial Adverts It Was Being Sold 'By Informal Tender'.

I only viewed the property today and the bids have to be in by monday so i won't have time for a survey etc so i am concerned that if i make an offer which is accepted and then find. Can anyone tell me if a sealed bid is legally binding. If anyone could clear this up for me i'd be. £ 1682.50/1550 october challenge £100 a day.

£ 1682.50/1550 october challenge £100 a day. Chances are once the highest bid is 'accepted' (joke), it will have to be advertised in the local paper for 7 days, requesting higher bids. If it's your bid, you'll be right p*ss*d off if, having been 'accepted', someone comes along and offers more. Emails can be opened, read and marked as unread before the allotted time, and another buyer informed of the contents by the agent. The estate agents confirmed our bid of was £142,000 was the higher and was subsequently accepted.