The use of fixed price offers should be considered carefully. Problems can arise when two or more prospective purchasers attempt to express interest simultaneously or when offers are submitted subject to conditions. All offers should be in writing prior to being considered.

A sale advertised at a fixed price is an invitation to prospective purchasers to submit offers at that price. In the view of the Property Law Committee that does not imply an undertaking on the part of the solicitor that the first such offer will be accepted.

 

Last reviewed: 17 November 2021