Can you reject a house offer after accepting it?

Accepting the offer An accepted offer is not legally binding until contracts are exchanged. This means a buyer can back out of the sale at any point up until contracts are exchanged. This is also the same for the seller.

your-move.co.uk - Accepting an Offer on Your House - Your Move

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Considering the offer

It is normal practice for buyers to offer 5-10% less than the advertised asking price so don't be surprised if initial offers are a little low. There is no need to accept or reject an offer straightaway, it is perfectly normal to think things over for a day or two. You could even check local sold house prices to get an idea of what other properties in your area have gone for. It is a good idea to find out from your estate agent the buyer's position first before making any decisions as there are other important factors to keep in mind when deciding who to sell you house to. Here are three key questions to ask are:

What is the financial position of the potential buyer?

It is worth knowing what position the buyer is in. Find out whether the potential buyer has to sell a home in order to move, as this could delay speed of sale. If they are a cash buyer, this is often seen as a positive as it suggests a faster sale. If they are not a cash buyer and need a mortgage for the sale, it is worth asking whether they have a mortgage in principle approved. If you have offers that are quite similar in amounts, this information could be very useful.

What are your buyer's timescales for moving?

Similar to the buyers financial position, it is good to get an idea of what sort of timescales the buyer is looking at in terms of completing the sale. Are they currently part of a chain? Depending on how big the chain is could add delay to completion. If the buyer is a cash-buyer of first-time buyer it might be worth asking how quickly they are looking to move and how flexible they are on a move date.

Also consider your own position

Do you have to move quickly in order to secure your next house? If so then you may be more interested in accepting an offer from buyers who are not part of a chain. If you are in no hurry to move, then you could hold out for a higher offer. A buyer who is not part of a chain and who already has a mortgage approved is a more favourable purchaser than someone who needs to sell their own home in order to fund the purchase, and who hasn’t yet got a mortgage approved. Similar with a cash-buyer, as they have the money in the bank ready. Discuss your considerations with your estate agent who are there to guide you.

Accepting the offer

If you do accept an offer it is usually ‘subject to contract’, which means as long as a survey doesn’t throw up any surprises, the buyer will most likely complete the sale. Offers will also only be made official once your estate agent can prove the buyer has the finances to purchase. An accepted offer is not legally binding until contracts are exchanged. This means a buyer can back out of the sale at any point up until contracts are exchanged. This is also the same for the seller.

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What verse does Jesus say it is finished?

John 19:30 “When Jesus had received the sour wine, he said, 'It is finished,' and he bowed his head and gave up his spirit” (John 19:30).

biblestudytools.com - Why Did Jesus Say ""It Is Finished""? John 19:30 Meaning

It is finished indicates Christ had finished the redemptive work he set out to do since the first prophecy in Genesis 3 (and likely much before then). Because sin had entered the world, a cup of wrath existed. Either man or God had to drink it. So Jesus set out to fulfill the 300+ prophecies found in the Old Testament, telling how God would come to earth and take our place on the cross.

What Else Did Jesus Say on the Cross?

The Seven Last Words of Jesus

- Luke 23:34, “Father, forgive them, for they know not what they do.” A number of people jeered at Jesus from the crowd at Golgotha. Jesus asks that God forgive them for not knowing what they were doing. - Luke 23:43, “Truly, I say to you, today you will be with me in paradise.” Jesus tells the other robber this on the cross, the one who asks that Jesus remember him.

- John 19:26-27, “Women behold your son. Son, behold your mother.”

Jesus tells Mary this and then tells the disciple John to care for her. - Matthew 27:46 and Mark 15:34, “My God, My God, why have you forsaken me?” The Father turns his face away when his sin and wrath are placed upon Jesus. Jesus feels this abandonment.

- John 19:28, “I thirst.”

Jesus thirsts not only in a physical sense (he would've experienced massive hydration) but also thirsts for his people to come to him.

- John 19:30, “It is finished.”

- Luke 23:46, “Then Jesus, calling out with a loud voice, said, ‘Father, into your hands I commit my spirit!’ And having said this he breathed his last.”