New Member
Posted
28-04-08 17:44
i have exchanged contracts with completion on 30th April but i have changed my mind and i don't want to sell. What's the worst that can happen?
30th April - thats the day after tomorrow! You could end up getting sued for the deposit, removal fees and lots of other costs! Can i ask why you've changed your mind? The reason i'm asking is because i'm trying to gauge how i would react if i was moving in on wednesday?
Is this thread for real? I just can't get my head round someone deciding two days before completion that they have 'changed their mind'.
New Member
Im with you velvet. What are they thinking!!! Don't they realise what devastation they will cause, or don't they care
Either that, or they're telling porkies.
But seriously, the worst that can happen is that you can lose your house AND all your equity. High stakes game, this...
quote:
Originally posted by dg1: the day after tomorrow!
I appear to have quoted a disaster movie - just like this thread - and there was me, trying to be polite!
A serious reply to this question (if it is genuine!) is that you will loose 10% of the agreed sale price. At least, that's my understanding. Lawyerlady or Richard W would know the answer to this one. But why do you want to pull out?
Definitely cant see this being genuine, it was posted last night, supposedly asking for advise, not bothered to come back on here! Unless he's seen the light and frantically packing boxes for tomorrow !!!!
Yeh dg1, yeh I think if you were contemplating pulling out of a sale the day before completion you would have more pressing things to do than canvas opinion on internet forum!
The seller may get sued or the buyer may just ask for his deposit back with interest and buy another (cheaper) property. As a conveyancing solicitor I believe the information given in the post to be useful but I accept no liability except to fee-paying clients.