18/08/2026
If another buyer comes along after your offer has been accepted, can the seller simply accept their offer instead? đ¤
Yes - but only in certain circumstances.
If the seller has included a 72-hour clause in the Offer to Purchase, they may continue marketing the property and consider another offer.
So, if youâre the buyer whose offer was accepted, you might be thinking: âWait⌠I thought the property was mine. How can someone else still make an offer?âđ°
And if youâre the seller, you may be wondering: âWhat happens if a better offer comes along after Iâve already accepted one?â
This is exactly where the 72-hour clause comes in.
If another acceptable offer is received, the first buyer is generally given 72 hours to fulfil their suspensive conditions in order to proceed with their purchase, failing which the seller may be entitled to proceed with the second offer.
The important takeaway? Check your OTP to see if it contains a 72-hour clause before signing. It can have a significant impact on both the buyer and seller.
Buying or selling property can feel overwhelming, especially when youâre trying to understand what all those clauses actually mean. Youâre probably thinking, âI just want to know exactly what Iâve agreed to before I sign anything.â â¤ď¸
Thatâs completely understandable. Contact us for an OTP review.
This is general information and not legal advice. The effect of a 72-hour clause depends on the wording of the specific Offer to Purchase.
