14/10/2026
Kew Law's Frequently Asked Questions – Residential Property
Question: Can you accept a higher offer after agreeing to sell?
Answer:
Yes. Until contracts have been exchanged, either party can withdraw from the transaction or renegotiate the terms without incurring a penalty. If a seller accepts a higher offer after already agreeing to a sale, this is known as gazumping. This situation can be very disappointing for buyers who will have committed time, energy and financial resources, potentially in valuation and legal fees. Equally, a buyer is able to renegotiate terms up until exchange and offer a lower purchase price.
Are you thinking of buying, selling or remortgaging a property? Our experienced conveyancing team is here to help. Make sure you instruct solicitors with a solid property background, just like Kew Law, so that your transaction proceeds as efficiently as possible to exchange of contracts to minimise any period of uncertainty. Contact us today for a no-obligation conveyancing estimate; call our New Business Team on 0800 987 8156.
Alternatively, start your online quotation on our website, and we will be in touch to discuss your requirements. Check out: https://ow.ly/bPWA50ZQav2