Hi Mick,
I'm sorry to hear about your troubles, this is probably quite heart breaking for you.
If the other side hadn't signed the contract, then it's likely that the offer was never formally accepted by the vendor. In essence there may not have been a legally binding contract in place.
For the other side to wait over a week before responding to your offer is quite brutal, especially when they've given you every impression that the offer has been accepted, then they come back with an increase.
From a finance perspective, it would be difficult to get an 'unconditional loan approval' in QLD against such a contract. Changing the purchase price after the loan has been submitted can also be a very difficult process to get over. Once the property has been valued, it's hard to get the valuer to increase their valuation.
I'd take up Daryl on his offer, there might be something you can do with this, but it will likely need a legal eye to look over the evidence.
I'm sorry to hear about your troubles, this is probably quite heart breaking for you.
If the other side hadn't signed the contract, then it's likely that the offer was never formally accepted by the vendor. In essence there may not have been a legally binding contract in place.
For the other side to wait over a week before responding to your offer is quite brutal, especially when they've given you every impression that the offer has been accepted, then they come back with an increase.
From a finance perspective, it would be difficult to get an 'unconditional loan approval' in QLD against such a contract. Changing the purchase price after the loan has been submitted can also be a very difficult process to get over. Once the property has been valued, it's hard to get the valuer to increase their valuation.
I'd take up Daryl on his offer, there might be something you can do with this, but it will likely need a legal eye to look over the evidence.