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It is an ongoing bidding war . Currently at £50,000 over the original price.
If it had been anything other than a house I would have said that my sister acted too hastily and that the written agreement plus the money changing hands was a contract. What I don't know is if a house is different from any other type of contract.
No. The email was as follows- (dated 5.05 pm 10/09/14)
"I will agree to the immediate issue of a contract to Mrs. Henderson to be exchanged and become binding for the sum of £510,000 being the full sale price for the property to be returned to our solicitors office by 5pm 12/09/14.
The non returnable deposit is currently held by our solicitors.
These terms are not negotiable."
There was an attempt by Mrs Henderson shortly after the house was put on the market to buy the property. The rush was all imposed by my sister who also demanded that the sizable deposit was paid. On that occasion the Hendersons were given 3 working days to come up with the deposit and sign contracts. They paid the money into the solicitors account but there was no contract ready to sign as my sister refused to agree to it but still insisted that contracts be exchanged within the 3 days. Understandably the Hendersons are very annoyed about the situation. To me it is totally illogical but as a co-executor I cannot do anything without her agreement.
I dont know if you have received my reply as I have had computer problems so I will reply again.
There was an attempt by Mrs. Henderson to purchase the property when it first came onto the market. At that time my sister imposed a 3 working day limit on them to produce the sizable deposit and sign contracts. This they agreed to and the money was deposited into our solicitors account within 2 days. They then asked for the contract to sign and were told that it was not available as my sister had changed her mind and was not prepared to sign what the solicitor had prepared. My sister refused to extend the deadline which in my view was totally unreasonable. The following attempt was where my sisters acceptance was put in writing. Mr and Mrs. Henderson are understandably VERY annoyed
In short the ridiculous time scales were imposed by my sister. I find the whole episode a farce but as a co-executor there appears nothing I can do without her agreement