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  1. Terry_w

    Advice needed on private sale purchase

    I would just make a holding depsot of $X which would be refundable if you did know go ahead - knowing this is essentially meaningless but does show you are interested.
  2. Terry_w

    Advice needed on private sale purchase

    Of course you can buy a property without a formal contract of sale and vendor statement. Happens all the time. The contract could be binding but may not be enforceable.
  3. Terry_w

    Advice needed on private sale purchase

    Just make sure the holding deposit is refundable.
  4. Terry_w

    Advice needed on private sale purchase

    If it is a private sale how come a rea is involved? You can pay a deposit now, a holding deposit, but you won't be entering a formal contact until you sign a contract. You won't know the terms you are entering into. Giving a $1000 deposit provides you with no protection at all. The vendor...
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