But my solicitor is telling me that I'm responsible for my place in the moment of signature of the contract (more technically speaking the "contracts exchange moment").
But my solicitor is telling me that I'm responsible for my place in the moment of signature of the contract (more technically speaking the "contracts exchange moment").
But between the contract-exchange moment and the key-handling days can pass so I'm asking my solicitor if I could agree the 2 dates to be as close as possible.
Once you have exchanged contracts the sale is binding and you have to proceedd - even if the hous eburns down. QUOTE]
Are you sure about that, I have never had that problem but would be surprised if there was not a get out clause in standard contracts that deals with such situations.
I've exchanged contracts on a house sale, house had a rock thrown through the window last week. I didn't even question the fact that I had to get it fixed as the keys haven't handed over and the sale is not closed. just ponied up and got a glazier out..
I have an interesting conundrum here.
We went sale agreed on a house in June. We issued contracts in early July. The buyers signed the contracts and returned eventually in August. They dithered and dallied on closing date. It then transpired that their financing fell through (after they had signed contracts!).
At this stage we could have served completion notice on them, but we gave them more time to get finance from another bank, which they did eventualy get.
The house is vacant and in west Dublin. Despite our best efforts (driving up every evening to check on the property), there was a break in 10 days agao with minor damage (carpet burns). A window was cracked also
Met with buyer at the house as they were measuring for windows. So turns out they are replacing carpet and windows in any event, so my understanding was that there was no issue.
Got a call yesterday from my solr that they are looking for a cash payment in compensation for the damage! They have already drawn down their mortgage from the bank.
To me, this is simply a shakedown as they have no intention of repairing the carpet or window.
What do you think?
My instinct when their finance fell through was to put the property back on the market, sorry I didn't do so now.
My solicitor has advised that he will issue a completion notice to enforce the contract
If the house was vacant why could you not complete?
If anything your solicitor should not transfer the full sale price but be holding back funds for the repairs
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?