Hi all, just looking for some advice. I'm going to give as much background as I can about this. We are selling our property through an agency that requires all offers to be drawn up into a contract to be formalised. We live in a small(ish) town, with a limited number of conveyancers / solicitors, so this is a rule that has come about to minimise the loss of time and momentum from waiting for lawyers to draw up contracts, which is fair enough, and I understand that.
The situation now is that it appears that one of the potential buyers on our property have gone to the same solicitor we are using, and asked him to draw up a contract for a certain amount. He's then called me, and informed me that he's reluctant to do that because he's not sure that we will accept the offer at that amount, especially given he realises we are still showing people through the property at this stage.
My question is - is this a conflict of interest, that he's come to me as the vendor and divulged what the buyers are doing? I'm not entirely comfortable with our solicitor acting for both parties in this case, particularly as I don't feel it's his place necessarily to be making judgement calls or representations to the buyer with regards to whether or not we will accept the offer. Has anyone come across a similar situation?
The situation now is that it appears that one of the potential buyers on our property have gone to the same solicitor we are using, and asked him to draw up a contract for a certain amount. He's then called me, and informed me that he's reluctant to do that because he's not sure that we will accept the offer at that amount, especially given he realises we are still showing people through the property at this stage.
My question is - is this a conflict of interest, that he's come to me as the vendor and divulged what the buyers are doing? I'm not entirely comfortable with our solicitor acting for both parties in this case, particularly as I don't feel it's his place necessarily to be making judgement calls or representations to the buyer with regards to whether or not we will accept the offer. Has anyone come across a similar situation?