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I sold a house at auction and the reserve price was met. The
I sold a house at auction and the reserve price was met. The bidder signed the 66W and contracts were exchanged The trouble is: the agent took 0.25 per cent of the deposit and not the 10 per cent deposit. This is the second week after the sale and the buyer has not submitted the 10 per cent deposit My question is: can a solicitor place a caveat on the purchaser's house? How can I recover the deposit (to which I'm legally entitled) plus damages. The buyer should have checked his financial position prior to placing a bid … read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I auctoned my home on the 15th october .cotracts were signed
i auctoned my home on the 15th october .cotracts were signed and a deposit was pai d of $87,000-00, The buyer on the 18th contacted my agent and wants out of the contract. He cancelled the cheque and … read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I recently sold my home in Australia for $110,000 over the
I recently sold my home in Australia for $110,000 over the reserve price. I had a signed a contract with the real estate agent that any amount over the reserve would attract 30% commission not for one… read more
Patrick H.
Patrick H.
Principal Solicitor
5,422 satisfied customers
If I follow the private treaty process privately without an
If I follow the private treaty process privately without an agent, am I leaving myself open to manipulation by my ex husbands lawyer. He is trying to go back to the Family Law court to get the consent… read more
James D. Ford
James D. Ford
Lawyer
1,600 satisfied customers
Hi, My car was recently auctioned off, from the dealership
Hi, My car was recently auctioned off, from the dealership as I couldn't afford to keep paying it, I paid $63,000 on loan for the car, and they auctioned it off for $34,000 leaving me with $23,000 to … read more
James D. Ford
James D. Ford
Lawyer
1,600 satisfied customers
we have signed a contract on a house, subject the sale of our
we have signed a contract on a house, subject the sale of our property by Auction. The contract included our reserve price at 1 million even. the real estate agent has been giving prospective buyers a… read more
Patrick H.
Patrick H.
Principal Solicitor
5,422 satisfied customers
What rights do I have if I was the losing bidder at a property
What rights do I have if I was the losing bidder at a property auction and have discovered that the winning bidder at the time of the auction wasn't financially qualified to make the purchase? I'm led… read more
Patrick H.
Patrick H.
Principal Solicitor
5,422 satisfied customers
After a property has been passed in at auction, two offers
After a property has been passed in at auction, two offers are submitted on paper. One is for $1.6 and subject to a 60 day settlement after 14 days to satisfy conditions. The other is for $2.255 milli… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
My house sold at auction recently for $1,162,500 the winning
My house sold at auction recently for $1,162,500 the winning bidder wrote a cheque for the 10 per cent deposit on the Saturday and turned up at the real estate office in tears on Monday wanting to res… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
i RECENTLY BOUGHT A HOUSE IN qUEENSLAND AT AUCTION VIA THE
i RECENTLY BOUGHT A HOUSE IN qUEENSLAND AT AUCTION VIA THE PHONE FROM mELBOURNE. i COULD NOT HEAR THE AUCTION AND FOUND OUT THERE WERE NO OTHER BIDDERS ONLY THE VENDOR BIDS. i FEEL CHEATED AND PAID TO… read more
Brisbane-Lawyer
Brisbane-Lawyer
Lawyer & Solicitor
Master
14,357 satisfied customers
We are looking to purchase a property that went to auction
We are looking to purchase a property that went to auction a few weeks ago. We were the sole bidder, but the auction passed in on a vendor bid. We negotiated with the agent post auction, but were not … read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I have signed a contract of sale to sell my property I was
I have signed a contract of sale to sell my property I was presured to sign After the signing I went to see the buyer and asked if we could cancel the contract. We discussed the sale and I found out t… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I signed a PAMD Form 22a Exclusive Agency with a real estate
I signed a PAMD Form 22a Exclusive Agency with a real estate agent he resigned and the principal of the agency signed me up again. We signed the pages that was not fully complete and asked if it would… read more
Advocate
Advocate
Master's Degree
350 satisfied customers
My son was offered, by email, a property for $600,000 by an
My son was offered, by email, a property for $600,000 by an estate agent. Upon inspection of the property my son offered $580,000 and then $590,000. This was done orally and conveyed to the vendor who… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I would like to auction my home, myself in Western Australia. How
I would like to auction my home, myself in Western Australia. How do I find what the laws are regarding this?… read more
Brisbane-Lawyer
Brisbane-Lawyer
Lawyer & Solicitor
Master
14,357 satisfied customers
Dear sir/madam, A charity group approached me to create
Dear sir/madam, A charity group approached me to create a work of art to raise money. Each work had a reserve price, and I was told that if a bidder on the work did not come close to the reserve price… read more
Maurice
Maurice
Lawyer
Master's Degree
1,980 satisfied customers
I have just had my hosue on a 4 week marketing campaign to
I have just had my hosue on a 4 week marketing campaign to sell at Auction. A day before Auction I asked the agent of there are any 'qualified buyers' interested. They said ... yes of course .... then… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
A principal orally appoints an agent to go and sign a binding
A principal orally appoints an agent to go and sign a binding offer and acceptance to buy land . The agent does so ,for and on behalf of "X" a company controlled by the principal. Is the oral appointm… read more
Maurice
Maurice
Lawyer
Master's Degree
1,980 satisfied customers

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Daniel

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John Melis

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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