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My wife and I recently signed a contract to purchase a block
My wife and I recently signed a contract to purchase a block of land for $360,000 in rural WA. We paid a $10,000 deposit. The contract was subject to us getting finance approved. The lender sent a Val… read more
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QLD. We have been going through the process of purchasing a
We have been going through the process of purchasing a property. We are the buyer. The first valuation came back under value so our broker engaged another bank. The seller refused entry to the property and did not allow them to enter until after we contacted him and entry was over a week later. The valuers went through he property on the Monday before the Easter break and put their report in on the Thursday before the public holiday on Good Friday. The contract was due to go unconditional on the Tuesday just gone but due to the tight time frame the bank had not finalised and we ask for an extension to tomorrow. The seller has come back and declined this. Our view is the conditions were changed by the seller. Do we have any legal rights. We had only asked for a few days extension and still not the same amount of time he had deferred the valuers. … read more
Leon
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I am selling my property , we are in a processing of settlement
I am selling my property , we are in a processing of settlement , on 27 /5 ,but yesterday I have found out that the finance approval was given to the buyer very late at 5.07 on the due date my real st… read more
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Hi, My wife and I just purchased a property, the real estate
Hi, My wife and I just purchased a property, the real estate agent provided an Annexure A which he explained would cover us for all electrical, gas, plumbing, it was very detailed even down to the lig… read more
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when buyer gave seller finance decline letters to terminate
when buyer gave seller finance decline letters to terminate property sale contract......how seller can find out the buyer used all the best endeavours to obtain Finance approval? which is declined by … read more
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Im in WA i want to terminate realeastae contract which is
I'm in WA i want to terminate realeastae contract which is subject to finance ( the condition does not have any specific written by seller or seller agent). my offer accepted by 2nd of jan.. i applied… read more
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I informed seller that i have got a decline letter from bank.
I informed seller that i have got a decline letter from bank. but they don't want to terminate the contract because i didn't apply loan immediately after contract is signed.which i breach the subject … read more
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We are the sellers. Property in Western Australia, subject
We are the sellers. Property in Western Australia, subject to REIWA laws. We have signed a contract at an agreed purchase price, subject to usual conditions (Inspections building, termite/pest, Approv… read more
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property purchase via SMSF - loan declined. I have signed
property purchase via SMSF - loan declined. I have signed a contract of sale for a 1BR unit in Fairfield, Melbourne and I did not have pre approval from a bank - I stipulated on the contract of sale -… read more
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I am in WA, and have an offer on a vacant block. Ive paid
I am in WA, and have an offer on a vacant block. I've paid the deposit, however I have since found that there is an effluent disposal envelope on the property which is very restrictive as to where I c… read more
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I am selling our house. the buyer could not get an approval
I am selling our house. the buyer could not get an approval or no approval letter from the bank before the date in the finance clause ended. we sent a termination notice to our agent by fax as we both… read more
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We have a contract on a house for purchase. We live in
We have a contract on a house for purchase. We live in Perth. At the time of selling the agent asked us to sign on the contract that we accepted that the pergola was not permitted. We were not told th… read more
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Gday, We have signed a contract to buy a house but since
G'day, We have signed a contract to buy a house but since the signing two things have happened: we now don't have the deposit for the mortgage; and my wife and I will be splitting up. I have now had t… read more
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Does an offer an acceptance have any relevance if acceptance
Does an offer an acceptance have any relevance if acceptance is not achieved by settlement date.Currently i am in a situation where the landlords dont wish to assign the lease, settlement date was 19 … read more
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Leon
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Placed and signed an offer on a home Seller has accepted offer
Placed and signed an offer on a home Seller has accepted offer but we dont want to take the home no momey or deposit has been paid we signed an offer form only do we have to go ahead or can we be sued… read more
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Where do I stand on the following 1. Contract for sale
Where do I stand on the following ? 1. Contract for sale of land or strata title by offer and acceptance. 2. Finance approval due by 9/4/10 4 pm. 3. On 8/4/10 told broker and settlement agent that irr… read more
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Leon
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Hi I sold a proposed strata block of land before titles where
Hi I sold a proposed strata block of land before titles where ready. (in WA) I was about 10 weeks late on the settlement date in the contract. Titles are now ready but buyer saying they dont want to b… read more
Maurice
Maurice
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We have had a sale of a property in Queensland fall through,
We have had a sale of a property in Queensland fall through, the buyer kept delaying by asking for extensions for finance approval then finally in December went unconditional but asked for three furth… read more
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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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