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Absolutely true. You can do whatever you like to a contract, so long as all parties agree. Just make sure there is no wriggle room in anything you put, trust me on this, al lot of grief we had was due to the slight maneuver room given by the wording of a particular clause. As for agents...

Thanks guys. Its a huge relief and now we can move on. Wife is not convinced its all over until the money is in the bank :)

After lots of posturing, swearing, and associated carry on we have finally settled! :) I think they have finally accepted that their position was untenable and really couldn'targue the point anymore, and we didn't back down from our position that we have done all that we could do. So now we...

Almost at this point. will see what the outcome of the latest round and will go from there.

Yes, the defaulter is legally liable for any shortfall and/or damages. However, from my recent experiences its not so easy to exercise your legal "rights".

Seems a bun fight has started :) Basically the nature of the sale is that beleieve we have a good price in a very limited market (unfinished house). I guess we may be pessimistic in believing we could not acheive a similar price if we put it back on the market, maybe or maybe not. So, we...

Dazzling, not a truer word spoken :) I think over the past two years I have seen numerous examples of absolute wrongdoing with absolutely no consideration for anything beyond themselves. I tell you its all been a very deep learning experience. Celeste, thats what I believe is the case.

He will have one hell of a fight on his hands if thats the go. Dazzling, am well aware of that, but I'm 3000K's away at the moment and have little option but to at least try the letter which is simply stating that these people abide by their contractual obligations. Now, if that does not...

Well, my solicitor is sending both the purchaser and the settlement agency a letter reminding them of the contractual abligations to proceed with the sale. Will see what the reponse is. After Dazzlings post I am now fearful that they are going to dig their heels in and we will be heading...

Thanks Dazzling for that very sage advice. So true, and its a path that I will prefer not to go down. Will see what happens today, and then we will decide how to proceed. Cheers

Got a copy of the general conditions, and as far as I can tell they haven't got a legal leg to stand on ie you can't just decide not to purchase property if all conditions are met. Termination is available if property is damaged/destroyed/ seller misrepresented etc Deposit was $5k, not...

Yep. WA, got offer & acceptance, a REIWA one, all conditions met a long time ago thus now unconditional. Far as I know they have no outs, but they are trying it on. Am 3000K's away at the moment, but will try and get an online copy of document mentioned.

Ok, on the back of other threads, of which a few know about. I have purchasers agreeing to settle after weeks of stuffi9ng around, apparently put all the paperwork into settlement agency/conveyers, and now they send a letter yesterday stating that they no longer wish to purchase property...