Terryw wrote:
They are probably wanting to control the property without having to pay the interest on a loan. It may be worth 10% more in 6 months or even more and they could want to try and resell it before they settle. Unless they specified otherwise you would be getting any rent. But, becareful. accepting 5% deposit and then what if the…[Read more]

Shape wrote:
The only time i have seen a buyer wanting to delay settlement in this manner is because his finance is not yet up to date/approved- Ie meaning he doesn't have enough deposit to "settle" the funds– so need time to save up. Regards Michael

Thanks. I dont think finance is an issue as they are also planning to but a house up the…[Read more]