After a buyer makes an offer, the Estate Agent will check their financial position to purchase the property, plus details of any chain which is involved. Once the Estate Agent has advised the owner that all these details are satisfactory and the buyer, in principle, is in a position to proceed, then an offer can be accepted and Solicitors instructed. The property is then sold, subject to contract. As stated previously, under “Exchange of Contracts”, under the current law of the land, a seller or buyer can withdraw from this agreed purchase at any stage up until Exchange.