What does noting interest mean?
Noting interest is a convention only and places no obligation on the seller or the agent. It is the way of indicating serious interest and of saying that if there is to be a closing date for offers I want to be told & to be given the opportunity to submit an offer. From the sellers point of view it is useful tool in managing the sale, gauging the interest and then bringing the interest together at a closing date to get the best price at closed bidding. It should be noted that noting interest does not mean that a closing date has to be set and if the seller were to receive an extraordinary offer there is nothing to stop the seller taking the bird in the hand.
