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On Monday 8 May 2017 my wife and I paid a $5,000.00
On Monday 8 May 2017 my wife and I paid a $5,000.00 Reservation Fee to the Vendor's Agent for an almost completed Unit in Mascot, NSW, that expired at 5 pm on Wednesday 17 May 2017. This Reservation m… read more
Daniel
Daniel
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Bachelor's Degree / Graduate Diploma
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What does it take to breach a contract of property purchase
What does it take to breach a contract of property purchase being the highest bidder at Auction? It is an unconditional cash deal contract , but we are not able to meet the gap between the contract pr… read more
kmslaw
kmslaw
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Bachelor's Degree
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What is the process with silent auctions and what rights do
What is the process with silent auctions and what rights do the bidders have? Going by what the agent has told me I don't have access to how many people are bidding and how much they bid. Also I won't… read more
Leon
Leon
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Sold my property on Auctions. The Reserve Price was set at
Sold my property on Auctions. The Reserve Price was set at 1.65M. When the higest bidder stopped at 1.53M. The agent approch me and ask for reducing reserve price to 1.59, saying after the property is… read more
Daniel
Daniel
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We sold land in Qld using a Standard REIQ contract. The purchaser
We sold land in Qld using a Standard REIQ contract. The purchaser defaulted after paying a deposit. The vendor terminated under clause 9.1and we resold the property at a price higher than the original… read more
James D. Ford
James D. Ford
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Is it legal for the son of the vendors act as a bidder to push
Is it legal for the son of the vendors act as a bidder to push up the bids in an house auction without notifying the crowd?… read more
Daniel
Daniel
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Bachelor's Degree / Graduate Diploma
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I have purchased an auctioned item on ebay and as the only
I have purchased an auctioned item on ebay and as the only bidder I received a very good price for the item, and paid for it immediately. The seller has offered me my money back with the excuse that h… read more
Daniel
Daniel
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Bachelor's Degree / Graduate Diploma
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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.
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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.
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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
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Master's Degree
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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
52,664 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
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Good morning, My Fathers property went to auction. We are
Good morning, My Fathers property went to auction. We are 4 co vendors//executors. My husband did bid and bought the property. I as a co vendor did not bid. My husband had asked the agent before the a… read more
Leon
Leon
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Master's Degree
52,664 satisfied customers
I bidded for a boat at Pickles Auctions Forrestfield WA yesterday.
I bidded for a boat at Pickles Auctions Forrestfield WA yesterday. My bid of $36000 was the highest but the auctioneer said it was below the reserve price and they would have to contact the vendor. Th… read more
Leon
Leon
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Master's Degree
52,664 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
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I bought a property on a telephone bid on sat 13th feb. The
I bought a property on a telephone bid on sat 13th feb. The property was said to take a development of 6x 2 bedroom units as of right. I was shown a block of same zoning on same street but smaller (60… read more
Maurice
Maurice
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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
52,664 satisfied customers
The sale subject to finance expired last Tuesday, yet the
The "sale subject to finance" expired last Tuesday, yet the purchasers still have not paid the remainder of the 10% deposit (paid 0.25%), should I be worried and if they do not continue with the sale … read more
Maurice
Maurice
Lawyer
Master's Degree
1,980 satisfied customers

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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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