Page 13 - 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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