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Apologies for this daft question
hotrocks68
Posts: 116 Forumite
As i say,i imagine this seems to everyone to be a daft question,so i apologise.But..........
I have exchanged contracts with my buyer,completion date being 10 days away.
Having exchanged contracts,does this mean he cannot at this stage 'pull out'?
I have exchanged contracts with my buyer,completion date being 10 days away.
Having exchanged contracts,does this mean he cannot at this stage 'pull out'?
0
Comments
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You are right.....the deal has been done now. Its legally binding for both parties.
And there is never a daft question....only stupid answers!If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Is this a daft question?...............................I have put my clock back....... Kcolc ym0
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Strictly speaking your buyer could fail to complete, very rare but it does happen. However you get to keep there 10% deposit.0
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david29dpo wrote: »Strictly speaking your buyer could fail to complete, very rare but it does happen. However you get to keep there 10% deposit.
But then your vendor keeps your 10% deposit (or sues you for it if it's in your equity).
Anyway OP, legally binding now, start packing up!
Are the words 'I have a cunning plan' marching with ill-deserved confidence in the direction of this conversation? :cool:0
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