All Topics / Help Needed! / Rights when Seller pulling out

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  • Profile photo of AnaAna
    Participant
    @ana
    Join Date: 2004
    Post Count: 79
    September 6, 2006 - 5:58 am

    Hi,

    Could someone please provide me with some advice regarding what rights as a buyer do I have if the seller is trying to get out of the contract? The case in question is where the deposit has been paid and contracts signed (in Western Australia).

    Kind Regards,

    Ana

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 6, 2006 - 1:04 pm

    Have contracts been exchanged? If so, they are enforceable. Did they have any conditions which may allow them to back out? If not, then they may be locked it.

    Better talk to a solicitor quick.

    Terryw
    Discover Home Loans
    Parramatta
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    Profile photo of crushercrusher
    Participant
    @crusher
    Join Date: 2002
    Post Count: 186
    September 6, 2006 - 2:44 pm

    It just depends on what is written in the contract. I have seen some contracts that allow the seller to withdraw without penalty. What does your contract say?

    Todd Burns
    http://www.freepropertyhelp.com.au

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