House Purchase

[carlyon bay]

can any one advise
if i make an offer on a property can i withdraw my offer if i change my mind and are there any legal issues making an offer Ive yet to have a survey done

[bednobs]

england?
yes,
no, unless you've exchanged

[rockyracoon]

Yes you can withdraw an offer, and best to do it before people have spent money on solicitors etc.

[ummmm]

Yes...

Like bednobs states you are legally obliged until you've exchanged contracts.

[ummmm]

You are NOT*

[carlyon bay]

thanks to all for your responses

[FredPuli43]

Depends where the property is. England, Wales, Northern Ireland, yes, you can withdraw the offer before exchange. Scotland has different rules having a different legal system with offer and acceptance being more tightly defined. Other places may have penalties payable if you retract the offer (France does), but we are astonishingly lax and it costs innocent sellers a lot of time, money and frustration, while intending buyers may 'intend' on several properties at the same time and not buy any, and all that with impunity.