Hi
Our purchaser agreed to buy our house 6 months ago and due to thier cirumstances agreed to wait the 6 months before moving. They paid a €45K deposit to our estate agent. My query is, what happens to interest on that money. Does the estate agent benefit?
If that was in, say, Rabo direct for 6 months it would have gained about €740.
So if the sale fell through, should the pruchaser get the interest and if the sale goes through, should I get the benefit?
I suspect the answer is the estate agent benefits.
Our purchaser agreed to buy our house 6 months ago and due to thier cirumstances agreed to wait the 6 months before moving. They paid a €45K deposit to our estate agent. My query is, what happens to interest on that money. Does the estate agent benefit?
If that was in, say, Rabo direct for 6 months it would have gained about €740.
So if the sale fell through, should the pruchaser get the interest and if the sale goes through, should I get the benefit?
I suspect the answer is the estate agent benefits.