Hi All,
We are in a dilemma and not sure what the best thing to do is.
The buyer that was going to buy our PPOR has decided to bow out of the purchase of the house.
The facts are that he only put down a $500 deposit on signing and had a one week finance clause put in.
To date- it has been 3 weeks, he has not paid any further monies and has just now said that he will not be going ahead with the purchase as finance could not be approved.
Its funny though , that for 3 weeks the realestate agents were saying finance was approved and he will pay the money next week. They gave me this story 3 times.
So now I have been told by realestate agent and my conveyancer I can sue for the 10% balance.
What do I do? Do I sue or do I not sue?
I ask this question because I am worried about what the consequences to my actions could be?
Would it be a messy, stressful and expensive procedure.?
Any advice would be appreciated.
Marina.
We are in a dilemma and not sure what the best thing to do is.
The buyer that was going to buy our PPOR has decided to bow out of the purchase of the house.
The facts are that he only put down a $500 deposit on signing and had a one week finance clause put in.
To date- it has been 3 weeks, he has not paid any further monies and has just now said that he will not be going ahead with the purchase as finance could not be approved.
Its funny though , that for 3 weeks the realestate agents were saying finance was approved and he will pay the money next week. They gave me this story 3 times.
So now I have been told by realestate agent and my conveyancer I can sue for the 10% balance.
What do I do? Do I sue or do I not sue?
I ask this question because I am worried about what the consequences to my actions could be?
Would it be a messy, stressful and expensive procedure.?
Any advice would be appreciated.
Marina.