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Mike Mitchell
 
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Default "Sold" boards should only be allowed after exhange of contract

"Mary Fisher" wrote in message . net...

If you had the Scottish system where offers are binding and missives are
concluded typically 10 days after closing date, Sold would mean sold.

(Then
again, only a small percentage of property gets near an estate agent in

the
first place :-)


I saw a castle ruin with a large, painted "for sale" sign on its walls in
Galloway but there was no indication of a contact :-(


Perhaps that was just graffiti. It's everywhere nowadays.



So saying, Scots law has a lot to commend it in many ways.



I don't like the sealed bids idea, though. I like to know the price
before I decide to buy! Imagine a supermarket where the shelves were
all stacked with tins of beans, sides of ham and so on, as per usual,
and everyone queued up at the checkouts with envelopes in their hands!

However, the legally binding bit I DO like.

MM