Hi All,
So my partner and I found the house we want after many months of searching and getting frustrated & feeling like just giving up
The real estate agent advises us there is a contract on the house and its subject to Foreign Investment review. We were also told we can put in an offer but the existing party have 72 hours to cough up the finance or their contract is automatically terminated.
The real estate agent wrote out a templated contract and advised the existing party put down 20k as an initial deposit and we should do the same.
Does this sound suspect or am I being over cautious ? What gets me is the real estate agent actually wrote down the 20k deposit and wanted us to sign then and there ...
The wording is also quite vauge in the "Special Conditions" - not sure if i can actually type them out on here though ..
How can someone have or continue to except offers on a property when there is already a contract on it ? Can I just put down 1k as a deposit - put in my offer and terms to the agent and leave it at that ? Can I put in a clause stating subject to approval from buyers solicitors - if in fact the special condition is dodgey as all hell ?
appreciate anyones feedback - hopefully I'm not being to vauge here ..
So my partner and I found the house we want after many months of searching and getting frustrated & feeling like just giving up
The real estate agent advises us there is a contract on the house and its subject to Foreign Investment review. We were also told we can put in an offer but the existing party have 72 hours to cough up the finance or their contract is automatically terminated.
The real estate agent wrote out a templated contract and advised the existing party put down 20k as an initial deposit and we should do the same.
Does this sound suspect or am I being over cautious ? What gets me is the real estate agent actually wrote down the 20k deposit and wanted us to sign then and there ...
The wording is also quite vauge in the "Special Conditions" - not sure if i can actually type them out on here though ..
How can someone have or continue to except offers on a property when there is already a contract on it ? Can I just put down 1k as a deposit - put in my offer and terms to the agent and leave it at that ? Can I put in a clause stating subject to approval from buyers solicitors - if in fact the special condition is dodgey as all hell ?
appreciate anyones feedback - hopefully I'm not being to vauge here ..