All Topics / General Property / Undated contract at Auction

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  • Profile photo of Julia2020Julia2020
    Member
    @julia2020
    Join Date: 2011
    Post Count: 2

    My Husband and I purchased a property on 16th April at Auction. After receiving the original and electronic contract we noted that the contract had not been dated. Our bank will not act upon this undated contract with regard to finance. After several requests that a dated contract be forthcoming to both the agent and the sellers solicitors (via our solicitor) we have still not received a dated contract. Has anyone had any experiences like this and where do we stand as far as getting an extension on the 30 day contract?

    Profile photo of ALF1ALF1
    Participant
    @alf1
    Join Date: 2011
    Post Count: 237

    Hi Julia.
    Welcome to our forum. Hmmmmmmnnn. When you have both a Real Estate Agent and a Solicitor (who all want to get paid) who are both ignoring your requests for a dated contract to finalise tells me there may be a rat in here. Is there a deal going on behind the scenes that the Vendor is possibly attempting? Supposition I know but to leave a date off a contract and then have your requests ignored tells me there may just be enough smoke to be a fire. Suggestion, if I may, call the Agent yourself or ask to speak to his or her Principle if you are ignored, and demand answers or threaten litigation for damages.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    if the vendor executed the contract & you have paid the full deposit, why not date it yourself?

    Profile photo of angelinsydneyangelinsydney
    Participant
    @angelinsydney
    Join Date: 2011
    Post Count: 270

    Hi,

    Is it even possible to extend the 30 day contract?  My understanding is that properties bought at auction has very stringent rules, reason I don't buy at auction.

    Angel

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