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Post by cfishe13 on Oct 28, 2007 14:37:34 GMT 1
i there, i am selling my house and need some advice the missives are concluded and the enrty date was friday the buyers money didn't get transfered therefore the money for my new house didn't get transered so the keys didn't exchange. now i know he has 14 days penalty fees to cover but after that if he pulls out and i have to get bridging loan to cover new house is he liable for this?
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Post by Carol on Oct 28, 2007 15:46:51 GMT 1
to translate into croatia property speak... you've signed a pre-contract to sell but have not signed the final contract?
or you have signed a final contract and the buyer has defaulted on the payments?
Either way it all depends whatever the contract you signed said? Usually you would have a 10% deposit and if the buyer does not keep his side of the deal, then you can call the deal off and keep his deposit.
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