Booking deposit with estate agent

Westbound

Registered User
Messages
81
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.
 
I think the EA keeps the booking deposit until initial contracts have been signed so I would assume that they are entitled to any interest earned. Why not ask the EA or your solicitor? For example...

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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

No you shouldn't.