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orpingtoneagle Orpington 29 Aug 21 11.26pm | |
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What does the contract say? I am assuming you signed some sort of agreement before handing over your cash. If it allows a window of say 4 weeks then outside that you are probably scuppered. If it is open ended and they remarket the property then they are breaking the agreement. Let your solicitor sort it as that's what you pay them for. Developers don't give a s**t for their customers. They simply want to chuck up a property as quickly and cheaply as they can flog it and move on.
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AERO 29 Aug 21 11.39pm | |
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It was done through Estate agents/solicitor as price and agreement it would be taken off market, and conveyancing could commence no time limit was agreed the 2k would be taken off purchase price.We moved quickly 5 weeks as normally would take longer as we were selling to a cash buyer so no real chain .So for that fact alone he should allow us a bit more time to find another buyer.We now have to wait for him to sell to get our money back as if we pull out he will keep our deposit.
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BlueJay UK 30 Aug 21 1.22am | |
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Buying anywhere in the current climate is a bit of a nightmare. Sorry to hear about the issues you're facing.
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AERO 30 Aug 21 7.21am | |
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Thanks for your advice guys will stay where I am and wait for the flat to sell ,get my 2k back and move in a couple of years now.
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Forest Hillbilly in a hidey-hole 30 Aug 21 7.59am | |
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Emails are wonderful things. Make sure all correspondence is conducted via email, so you have all your queries (dated) and the developers response. Good luck with the legal advice And just for the record, it seems very cntish to keep holding viewings when he has your deposit. Edited by Forest Hillbilly (30 Aug 2021 8.01am)
I disengage, I turn the page. |
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AERO 30 Aug 21 8.09am | |
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Thanks yes in a nutshell! he wants it always.My dream scenario now is to get another offer on my place quickly and then offer him 15k less than the original offer.He refuses and I get my money back and he loses me as a potential buyer happy days .Thanks again
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Forest Hillbilly in a hidey-hole 30 Aug 21 8.42am | |
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If this is the way the developer conducts business, then you would have to be concerned about the standard of builders and tradespeople they use. Maybe you could suggest who a developer might be,...
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AERO 30 Aug 21 8.50am | |
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Would not like to share developer details on here but only a small concern.Yes makes you wonder what workmanship could be like .Don't intend to buy now anyway ,just going along with it to get my money back .
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Pierre Purley 30 Aug 21 10.52am | |
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It all depends on the wording within the agreement you signed regarding the deposit (the devil is in the detail). Or you lose money if you reduce your price in an effort to drum up further interest in your property to find another buyer!
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AERO 30 Aug 21 11.41am | |
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There was no signed agreement on time limit. The deposit was asked for by Estate agent/developer to hold flat and take off the market.The 2 k would come off purchase price.Our cash buyer pulled out .I understand he needs to sell as a developer and is free to do that .But he has increased price and opening flat for viewings and holding our cash .If we pull out he says we don't get money back .It normally takes 2/3 months to complete we were almost there in 4 .So he could in theory given us another month or so.We were as good as cash buyers as no morgage and our buyer was buying ours as a holiday home no chain.Anyway will hold out to see how it pans out .Thanks
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Andy0629 Warlingham 03 Sep 21 4.56pm | |
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I’m a Sales Director for a national developer so can help you out on this.
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AERO 05 Sep 21 10.37am | |
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Thanks Andy for your response and taking the time to reply. The estate agent acting on behalf of the developer instructed us to pay the 2k deposit on the flat as was the Norm on all other flats within the development. This was to remove the property from viewings and would be taken off the purchase price once completion was done .There was no mention of non refundable deposit in the emails .The property was immediately put back on market once our buyer pulled out and he is now holding our deposit. We feel now that he has remarcketed the property at a higher price as well ? We should be intitled to our money back ? Thanks
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