Forum Replies Created
Thank you all for your prompt responses….
Will update you once I have the outcome.
Cheers
Who should appoint a property lawyer in above case?
Real estate agent or the purchaser? Please be aware that the property was sold through a real estate agent. Puchaser doesn't have direct link to vendor.
Thanks
I agree with Terryw, the owner seems to be locked……
Either one of the purchaser has to withdraw the contract or vendor will be sued by either purchaser……
The only way out for a vendor that I can think of is that If purchaser has signed the contraction with "subject to finanace' and his finance doesn't go through…………This is the only way out for vendor……….
But I will get a property lawyer to look into the matter and take it from there…………
For all those who have replied……….Thanks heap and whatever would be the outcome, i will update it here…………..
Thanks again………..Have a great Easter……………….
Melbourne Victoria
Thanks for all the suggestions……Just adding some more points here………
Property contracts were signed by vendor for two different real estate agents and from whom I got it, had the exclusive right to sell the property………..
The second real estate agent also had exclusive right to see the property before but he wasn;t able to sell it during that timeframe..
What happens if vendor back dates the contract for other purchaser who has higher price for the property?