Hello,
We paid a deposit ($65,000) on a residential property in QLD and released the deposit to help the ageing Vendors secure another property in a hot market.
We then put our house on the market to sell. We were bouyed by the confidence of agents selling homes within 2 weeks. HOwever our house is not sold.
The Special conditions were 30 days for a contract on the house we were selling, and then approx 30 days to settlement.
We have not been able to meet the conditions for the 30 days gaining a contract and have already had an additional 14 days approved.
Now we are are the end of the additional 14 days.
We can ask for additional time. However if they say no can they rescind the contract and keep our deposit?
We paid a deposit ($65,000) on a residential property in QLD and released the deposit to help the ageing Vendors secure another property in a hot market.
We then put our house on the market to sell. We were bouyed by the confidence of agents selling homes within 2 weeks. HOwever our house is not sold.
The Special conditions were 30 days for a contract on the house we were selling, and then approx 30 days to settlement.
We have not been able to meet the conditions for the 30 days gaining a contract and have already had an additional 14 days approved.
Now we are are the end of the additional 14 days.
We can ask for additional time. However if they say no can they rescind the contract and keep our deposit?
