Browse Forums Real Estate Re: sued by property agent due to pull out last minute 12Oct 09, 2013 12:33 pm Building the Leabrook with Fairmont Homes in Mallala, SA. Building contract 24/3/13 Council Approval 18/6/13 Selections 29/6/13 & 1/7/13 Site works 21/10/13 Slab 7/11/13 Re: sued by property agent due to pull out last minute 14Oct 09, 2013 2:39 pm http://www.tyler.com.au/web/faqs.asp#Real_Estate Purchase/sale of real estate Can I be gazumped if I leave a holding deposit with the agent for a property I want to buy? In principle, yes, because the property remains 'on the market' (i.e., available for sale) until a contract for its sale is made. A seller may agree to take the property off the market for a short period after you pay a holding deposit, to give you enough time to complete the things that are necessary before you exchange contracts. However, the seller is not prevented from selling the property to someone else if he chooses to. If you are buying a residential property, you can exchange contracts and have a 'cooling off' period of 5 business days, during which you can complete the necessary checks and decide whether or not to proceed with the purchase. This prevents the seller from selling the property to anyone else. However, if you decide not to proceed, then you must pay the seller 0.25% of the agreed price. Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 6207 You might be able to apply to divert the sewer at your expense. In NSW you would contact a Water services co-ordinator and they would give you advice as to whether or not… 1 17316 Ask for some kickplate to be added and also for tradies to be requested to use lanyards on tools on that side of the building. Be respectful and have the discussion… 1 1947 |