Hi,
We made an offer on a house last Friday which was accepted (it is now Wednesday), nothing has been signed and we have changed our minds about buying the house. How can we back out of the offer? Are we under any obligation? No money or contracts have been signed. Quick answers needed PLEASE!!!
ThanksWhich State is the purchase? If there is no signed purchase contract you’re not under any obligation to complete a purchase.
-
This reply was modified 8 years, 7 months ago by
Corey Batt.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
It’s in Victoria and it was subject to finance and pest inspection
-
This reply was modified 8 years, 7 months ago by sjk333.
As per my previous post – if you have not signed a sale contract you have no obligation to complete so nothing to be concerned about.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Thanks Corey.
A an oral contract for land is generally unenforceable. It needs to be in writing, but this doesn’t necessarily need to be a formal contract, it could be via email or the back of an envelope. Best to ask your lawyer.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
-
This reply was modified 8 years, 7 months ago by
You must be logged in to reply to this topic. If you don't have an account, you can register here.
