VIC Vendor Won't Sign Contract - Help?

Discussion in 'Property Law Forum' started by aati, 7 October 2019.

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  1. aati

    aati Well-Known Member

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    The vendor agreed verbally to 21 days to deposit the amount, clauses prior to signing the contract. The buyer has signed contract but the vendor hasn't. The vendor is dragging their heels now and wants to shorten the timeframe or increase the deposit amount.

    The vendor has now said they won't go ahead without doubling the deposit amount. The buyer annoyed as has gone to the trouble of signing the contract and had it looked at by solicitors, etc.

    Is it a normal practice for REA to suddenly announce these proposed changes when the buyer has signed? Why would the vendor want a higher deposit?
     
  2. Rod

    Rod Lawyer
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    Do have a solicitor or conveyancer?

    And no, it is not normal for an agent to change the terms of a contract.
     
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