[Scotland] Take the offer, or wait?
Offers Over £620,000
Had a neighbour give an informal offer at approximately 620k and express willingness to back that with a formal offer, then learn that he might have the opportunity to buy his (currently tenanted) main farm, and retract his offer.
Had some other people view, one of whom was wanting more details to build a case for getting finance (he tried to buy another farm last year but failed because he can't get his current place sold).
One wealthy neighbour, who has told the estate agent that he would submit an offer just over the £620k to buy it now - and that he doesn't need to apply for finance - didn't want to submit one at this stage if I wouldn't immediately accept, because he didn't want it to be used to leverage other bids and get into a bidding war.
Yesterday another neighbour informally but via their solicitor, offered £675,000 to buy it right now.
Option 1. Take the £675,000 and get the paperwork process underway.
Option 2. Announce a closing date today for 10-14 days' time, hoping that that will stir up the lurkers into action, and maybe encourage the wealthy neighbour to make a higher offer, but possibly losing the £675k offer (or possibly encouraging them to raise it??).
Option 3. Do nothing for a while, hoping that some other people might come along.
I'm thinking Option 2, but Option 1 has some appeal too.....
Adding that we are in an extremely tight financial position right now and fast funds would take a lot of pressure off.