VIC Vendor Won't Sign Contract - Help?

Get Instant Legal Answers - Free AI Legal Help
Join thousands of Australians each month using LawConnect’s AI assistant for fast, personalised legal information. No waiting. No cost. Start now.
Ask Your Question Now
D

Deleted member 17143

Guest
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?
 

Rod

Lawyer
LawConnect (LawTap) Verified
27 May 2014
7,824
1,072
2,894
www.rvlawyers.com.au
Do have a solicitor or conveyancer?

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