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Just trying to find out if such a thing exists.
For example, I go view a house I like. I give the seller some % of the purchase price as a deposit to lock up the house and we both sign a contract which stipulates that
a) he can't sell the house to anyone else other than me, (ramifications if he does?)
2) I'm obliged to buy the house within some specified time-frame or I lose the deposit I gave.
I can escape from the contract depending on various factors such as
1) inability to secure financing
2) satisfactory engineers report
etc etc.
I know this type of thing happens a lot in America, is it possible in Ireland?
Apologies if this should be in the Legal forum, it says conveyancing matters go in here.
Thanks.
For example, I go view a house I like. I give the seller some % of the purchase price as a deposit to lock up the house and we both sign a contract which stipulates that
a) he can't sell the house to anyone else other than me, (ramifications if he does?)
2) I'm obliged to buy the house within some specified time-frame or I lose the deposit I gave.
I can escape from the contract depending on various factors such as
1) inability to secure financing
2) satisfactory engineers report
etc etc.
I know this type of thing happens a lot in America, is it possible in Ireland?
Apologies if this should be in the Legal forum, it says conveyancing matters go in here.
Thanks.