Land at Warwick Close, Lee on the Solent, Hampshire, PO13 9AZ
SEALED BIDS PROCESS
Bids are made confidentially in writing or by email to firstname.lastname@example.org, within the specified deadline. Buyers will not incur any costs by entering a bid.
To ensure that only serious potential buyers are involved, the land owner will ask that bidders submit the details of their solicitor, mortgage provider and other financing details. The bids are opened at the same time and presented to the land owner to ensure that all buyers are given an equal chance to have their best offer reviewed.
Bidders who can pay cash, are not involved in a chain or have a mortgage offer in place can be favoured by the buyer so make sure please ensure you mention this in your bid.
As with the traditional method of home buying there is no legal obligation on the winning bidder to complete until they have completed their due diligence on the property and gone through the usual stages of “exchange” and “completion”. The land owner also has no legal obligation to complete, as well as to reject all offers if their minimum selling price is not achieved.
For more information, please contact a member of the team on 02392 550555.