[VIC] Vendor delayed settlement, any recourse?

[grahamrb]

Hi,

I'm desperate for some quick advice here. I'm due to settle on a property tomorrow and have gone through some expense with the idea that settlement will be tomorrow (taken day off work, booked various things). At 10 to 5 this afternoon I got a call from my conveyancers saying that settlement was being delayed because the vendors hadn't removed the furniture from the property.

It is a deceased estate and the solicitors involved want to auction off the furniture (honestly, I'd be surprised if they get more than $100 for all of it). So far I've offered to store the furniture, move it for them to a different location, buy it from them (for $200). None of this has had any impact on them.

Is there any recourse for me because the vendors were not organised?

 

[Propertunity]

Is there any recourse for me because the vendors were not organised?

In a word "no". Sorry its pretty sucky

 

[grahamrb]

In a word "no". Sorry its pretty sucky

I only have one word to say and it's probably not appropriate to post it on the forum

Thanks for the info though!

 

[lizzie]

i assume you have an "interest" clause written into your contract - invoke this. usually it's 10%pa.

 

[Amadio]

i assume you have an "interest" clause written into your contract - invoke this. usually it's 10%pa.

Could you say more about this?

Thanks.

 

[Propertunity]

i assume you have an "interest" clause written into your contract - invoke this. usually it's 10%pa.

I think the "interest clause" is for recalcitrant purchasers who will not settle but not for vendors, I think you'll find.

 

[lizzie]

i've had it go both ways, so pays to check the contract.