Page 12 - March 2024
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EXPERT ADVICE
                                                                                                      SCOTLAND’S PREMIER REMOVAL
                                                                                                             AND STORAGE SERVICE

















             What happens
           at a closing date?


         Hannah Gaddie, solicitor at Gillespie
         Macandrew, highlights what happens
           when a property goes to closing.


              closing date is a set date and time   12pm on the given day and your solicitor
              given to all parties interested in   will submit your offer as close to this time
         A  purchasing a property to submit   as possible. Your solicitor will normally
         their  best  and  final  offer.  There  is  no   submit an accompanying covering note to
         negotiation involved and this is essentially   strengthen your offer. For example, if you
         blind bidding, as you do not know the   are  a  first-time  buyer,  your  solicitor  will    THE ART OF BEING LOCAL, NATIONWIDE
         position of the other interested parties, or   emphasise this as it is attractive to sellers
         what their offer might be.         to have no chain in the transaction.                   With more than 100 years’ experience, we are one of the country’s leading
                                                                                             companies in household removals and storage. Whether you are moving locally, nationally,
         Anyone  can  offer  through  their  solicitor  at   The seller will consider all the offers   internationally or even need to store your treasured possessions, our team of experts
         a closing date – you do not have to have   received and decide which one to choose            will ensure that you can sit back while we take care of everything.
         noted interest in the property to make an   (if any). Once an offer has been accepted
         offer. Equally, you do not have to offer at a   the selling agent will let the successful party
         closing date even if you have noted interest.   know, usually that afternoon, and advise                For a free moving survey and advice contact:
         Not all properties go to a closing date, but   the other parties that they have been               JOHN DUNCAN REMOVALS - EDINBURGH
         they are common in competitive markets   unsuccessful. We appreciate you will be
         such as Edinburgh.                 anxious while waiting and it’s difficult to get                           0131 654 1200
                                            on with your day as normal, therefore your                                ESPC@dbonner.co.uk
         If you would like to offer at a closing date,   solicitor will keep you updated and let you
         you should discuss this with your solicitor in   know as soon as they hear if you have been       DOREE BONNER INTERNATIONAL - GLASGOW
         plenty of time. Closing dates are typically at   successful or not.                                          0141 339 6000
                                                                                                                      ESPC@dbonner.co.uk
                                                                                                                       www.doreebonner.co.uk
                 For more from Gillespie Macandrew, visit gillespiemacandrew.co.uk or call 0131 260 7567.
                                                                                                         JOHN DUNCAN REMOVALS ARE PART OF THE DOREE BONNER INTERNATIONAL GROUP
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