In Scotland, many homes are advertised for “offers over” a stated price. A Scottish property centre explains that “buyers are generally expected to bid higher than the listed price.” One Scottish money guide calls offers over “Scotland’s sealed bid system for selling property.”
A seller can set a closing date. The Scottish government’s guidance describes it as “a deadline by which all written offers must be given to your solicitor.” It adds: “You don’t have to accept the highest offer.”