Lots of dodgy opinionated advice given here.
Kev, is there any other kind on an internet forum board, including yours ?? A barrister could drive a truck through the holes of what you've just written.
The correct protocol is to go via the agent who has sold the property.
Why do you say that ?? Where is this 'protocol' written down ?? Why can't the Principal in the deal speak to people directly when his/her deal is under threat ?? Why do you feel it necessary to hide behind and talk through an agent ??
The purchaser will probably have no desire to speak or meet with you.
hahaha, the thread starter has mentioned not a jot about the Purchaser so far, and yet you seem to know about their desires...hmmm
Get the agent to find out exactly who the purchaser has changed their mind ?
Surely you mean why - not who. No doubt a simple typo. In any case - what will that achieve ?? If they've changed their mind, then how does that help the Seller complete the deal with an unwilling Purchaser ??
The agent is earning a fee for the sale, make them work for it.
Sounds great - how ??
So is the settlement agent. Make them work for their fee as well.
Ditto - with upwards of say 35 cases per month going through their books every month, how much attention do you really expect to receive for the +/- 1K of funds paid to the sett. agent. Maybe 5 hours of attention....that's it - good luck.
They would be aware of what is required from a legal point of view to enforce the sale, etc.
Maybe, but probably far less so than the top flight solicitor the Purchaser's are probably hiring to wriggle out of it.
Its not the big deal its made out to be. All very civilised.
There ya go...nothing to worry about then.
He encourages both parties to negotiate and compromise if required, as if no agreement is reached then the next step is potentially very expensive and can take yrs to be heard in the court.
Hang on, I thought you said previously it wasn't a big deal ?? Which one is it ?? Are you having an each way bet...It is assumed we are already at this stage. The Vendor wants his cash and the deal completed. The Purchaser wants to keep his cash and pay nothing and walk away from the deal. How do you propose to compromise and negotiate on this....they are either going to have to buy it or not....there's no middle ground.
Needless to say, most of these disputes are settled at the mediation session.
But I have to agree, that there are more and more cases coming before the courts.
We're getting 'sue' happy ....
Once again, an each way bet....which one is it ?? Are they mostly settled or are they mostly coming before the courts. You can't be sue happy and settling all at the same time.
Will at least teach the ex purchaser a lesson when they forfeit their deposit.
Your jumping the gun there kp....that's an "if", not a "when".
