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cityguru, Solicitor
Category: Scots Law
Satisfied Customers: 13326
Experience:  solicitor
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a person has accepted a verbal offer for a house is there a

Customer Question

a person has accepted a verbal offer for a house is there a 7 day cooling off period
Submitted: 4 years ago.
Category: Scots Law
Expert:  cityguru replied 4 years ago.
A verbal offer is not legally binding so a cooling off period is not relevant. Can you explain a little more?
Customer: replied 4 years ago.

the seller has accepted a verbal offer for the house but has now changed there mind and does not want to sell she has advised the estate agent by e mail today she accepted the offer on tuesday last and someone has told her that the verbal offer is binding and she cant get out of it although no papers have been signed

Expert:  cityguru replied 4 years ago.
Well whilst a verbal agreement is binding for some things it is not for property. I note you are in scotland and a binding contract is formed by missives normally between the lawyers. In any event you cannot have binding contract for the sale of a property unless it is in writing