Offers

An offer records an applicant’s proposed price on a listing. Open the listing’s Actions > Offers. The listing must be Active.

Record an offer

Record each applicant’s offered price (a whole amount), the date it was received, and notes. Offers are usually recorded as Pending; change the status to Accepted, Rejected, or Withdrawn as the negotiation goes.

Accept an offer on a sale

Setting an offer to Accepted makes its buyer and price the listing’s buyer and agreement price, replacing any already recorded, and marks the listing’s other pending offers Rejected. A listing can have only one accepted offer, so change the status of the accepted offer before accepting another.

Then edit the listing to select the buyer’s lawyer, review the commission, and record the agreement, exchange, and completion dates as they become known.

Changing an accepted offer’s status later does not clear the listing’s buyer or agreement price, and accepting an offer does not complete the transaction for you. Keep the listing’s parties, dates, and status up to date separately.

Offers on a rental

Record each offer’s rent and the period it applies to, leaving the end date blank when the tenancy has no fixed end.

Accepting a rental offer only changes its status, and the tenancy is recorded as a letting. A listing can have several accepted offers as long as their periods do not overlap, so set the end date on an open-ended accepted offer before accepting the next tenant’s. Same-day changeovers are allowed.