Posting for traffic
Looking for a property to buy in a cheap area
House is £40,000, the agent quotes it is part of a "committed buyers process" and a non refundable payment will be made by the buyer of just under £6,000, this is on top of the sale price and will mean the home is taken off the market, it also claims this is before solicitors are brought in. It aims to protect the buyer and seller apparently. I'm new to home buying, how does this protect the buyer? What if the seller decides against the sale and you lose your non refundable deposit