Hi, We signed a contract of sale last week subject to building and pest inspection. At the time of signing the contract, the agent had stuck on their clause saying that it has to be a "major structural defect" for the contract to be ended with all money refunded. We didn't have cooling off period as it was a property that was passed in from an auction two days earlier. The report came back with a list of major repair works required (including demolition of an unsafe carport attached to the house) although there was no major structural defect in the house itself. We've asked to terminate the contract based on "major defects". The real estate agent called and told us the vendors would consult with their solicitors and get back to us. We haven't heard back since. We have currently paid $1000 and are expected to pay 10% deposit on Tuesday. At this point we have no idea if we need to pay the 10% deposit by Tuesday and the ramifications of not doing so. Has anyone had any success in getting out of a contract under similar circumstances? We'd really appreciate any advice.