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Is it against the law to advertise a property after an offer?

I accepted an offer on my property, later the buyer withdrew it and offered a much lower price. I turned this down and he said he would make another offer but has not done so. I asked my estate agent to remarket the property but he refuses to do so saying it is illegal whilst it is "under offer". Is this so? I din't see how it can be under offer if I have turned it down but it now seems impossible to make any progress.

Asked on Nov 26 2016, Selling in Shropshire | Report content

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  • Get another estate agent, it is not illegal, you can reject an offer at any time right up to the day you exchange contracts.

    Answered on Nov 28 2016, Report content
  • That does sound odd as it doesn´t even sound like any paperwork has been undertaken. I would suggest approaching another estate agent and speak to your solicitor.

    Answered on Nov 29 2016, Report content
  • It certinally isn't illegal, infact most lenders selling a property in possession insist on the property being marketed upto exchange of contracts and during a public notice disclosing price being paid. What you may find is a buyer is uncomfortable proceeding and expending money while the property is being still marketed, this is easily solved by only removing the property from the market once survey results have been received as an example. It is also beneficial to mystery shop your agent, we have been amazed at how some agents present a property to applicants clearly inviting them to offer a reduced price rather than getting the best price.

    Web reference:

    Answered on Jan 5 2017, Report content

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