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Frequently Asked Questions
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Do I require a solicitor to make an offer? |
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| A: |
Yes. We also recommend that you instruct a Scottish solicitor as soon as you are interested in a property – they can guide you through the buying process. |
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| Q: |
Do I have to pay a deposit when I have successfully offered for a property? |
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| A: |
Generally no deposit is paid. The full price becomes payable on the date of entry. |
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| Q: |
What does offers over mean? |
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| A: |
An offer over and above the asking price is expected. |
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| Q: |
What does "under offer" mean? |
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| A: |
An offer has been agreed and the terms of the contract are being negotiated. No other offers will be considered and no further viewing will take place. |
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| Q: |
What is a closing date? |
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| A: |
This is a set time and date where all interested parties must submit a formal written offer in Scottish legal terms to the selling agents. The seller will then consider all offers and make a decision as to which one to accept. |
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| Q: |
Can I submit an offer at closing that is subject to survey? |
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| A: |
We would recommend that you have your survey and finance in place before submitting any offer at closing. However please enquire regarding the circumstances of each particular property. |
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| Q: |
Am I obliged to accept the highest offer? |
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No – you are not obliged to accept the highest or indeed any offer at a closing date. |
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| Q: |
What is a fixed price? |
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| A: |
The first person to submit a formal written offer at the fixed price that is not subject to either survey or finance will be successful. |
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