Serious question: Here in the UK I constantly hear about 'the vendors have moved the completion date a week/ 2 weeks' etc.
At what point can the buyer (who has a deposit at stake!) say 'Enough. Deal's off. Give me back my deposit'? And NOT lose the deposit for collapsing the contract?
The as yet STILL verbal agreement on price we have made with the vendors is that we will be IN the house on Oct 1st. Not in writing yet BUT I worry that IF we commit exactly that onto paper, and for some reason completion can't happen for a week or so, officially they're in breach of contract BUT we obviously have some leeway (we rent til mid Nov!) so we don't WANT the contract to fall over due to a small silliness BUT we also don't want to be still waiting to move in Jan '10!
How do we word that as is seems no one has a completion date 'written in stone' here, as it were or contracts would be falling over left right and centre.
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What stops a house buying contract dragging on for ever?
19 replies
faraday · 24/07/2009 11:41
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