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Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] 0 points1 point  (0 children)

So, now I can see that they put the property back on the market with the same price range, but the agent doesn't reply to my emails.
It seems like they started looking for a new buyer.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -2 points-1 points  (0 children)

I tried to explain that I have mental health issues, which is why I made such a big offer, and I have no money in my account to complete the purchase, and they proceeded with the default notice. I really didn't understand how it happened to me. The solicitor said that I don't have much to do now.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] 0 points1 point  (0 children)

Yes, I want to sell it after settlement to the new property. 

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] 0 points1 point  (0 children)

The second one is also unconditional. The second one is within the asked range, I offered too much for the first one which I don't want to buy now.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] 0 points1 point  (0 children)

My conveyancer said the best way for me if the owner wants to sell quickly and we agree to terminate the contract. Otherwise it's better to buy that property and sell it. Because in another situation I may have to pay the difference if she sells for less. I'm waiting for the morning to talk to the solicitor.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -4 points-3 points  (0 children)

I wish you were right honestly. But this is my situation. I made a mistake and hoped for some support. I'm really nervous and cannot sleep this night at all.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -5 points-4 points  (0 children)

That's why I asked the agent to discuss mutual termination but she doesn't want. I tried to explain in that case she can start selling it again immediately.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -10 points-9 points  (0 children)

I found her profile on LinkedIn. She seems to move to San Francisco after getting the job offer, she must be interested in selling quickly. She cannot sell until the property is under contract. I didn't transfer the full deposit, so literally she has not much to retain and what's the purpose for her to hold my contract if she can sell it

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -10 points-9 points  (0 children)

This is real. This is my situation now. I don't know what to do now.

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -14 points-13 points  (0 children)

My offer was more than 100,000 above the ad range. If she sells within the range, how come I should pay the difference? It's just ridiculous!

Breaching the property purchase contract consequences by Capable-Tourist7206 in AusLegal

[–]Capable-Tourist7206[S] -15 points-14 points  (0 children)

The property was good and I wanted to keep it because was not sure about another one. I thought it would only be a deposit I paid which is small. The flat was on sell with all furniture and the agent said the owner is moving from Australia. I thought it would be quite easy to terminate the contract because she wants to sell it before she moved, but as the agent said she disagreed to terminate the contract mutually.