Hi,
I have paid a deposit on a property. I have paid fees for a surveyor (€400) as well as a solicitor (which is likely to be between 1k and 1.5k).
Also I have went thought he mortgage process been approved and have my mortgage ready to drawdown. Additionally i have arranged life assurance and home insurance. So I have invested a lot of time in this. Here are some facts:
1. Put in initial offer on house in late Sept.
2. Final offer accepted in early dec.
3. A close date has never been formally agreed.
4. The vendors are currently going through a divorce, believe.
5. The indications all along were that the vendor was keen to sell asap and a close of late jan was verbally agreed.
6. I signed the contract just before Christmas.
7. After Christmas there was a little or no contact from the estate agent. I had to continuously chase him to find out when the vendor would return the signed contract to my solicitor.
8. In the meantime my solicitor was chasing the vendors solicitor to try and formally agree a close date and get the signed contract back.
Last week my solicitor sent an ultimatum to the vendors solicitor asking them to return counter-signed contracts by end of the week or else the deal is off. The vendors solicitor then replied to say that they have never had any contact from the vendor.
I called in to the estate agent as he was not returning my call and he said that he had little or no input at this stage becasue it was sale agreed and it was up to the solicitors to sort it out. He said to me that it should all be sorted over the next few days (this was a week and a half ago).
I suppose my question is: what recourse do I have in this situation given the time and money I have invested in trying to finalise this? Is it just money down the drain. Surely the vendors cannot lead people on like that and let them suffer expense.
I also could have been looking at another property had I have known this would fall through and my money (deposit) has been tied up with the solicitor and estate agent.
Any thoughts would be much appreciated.
Thanks.
I have paid a deposit on a property. I have paid fees for a surveyor (€400) as well as a solicitor (which is likely to be between 1k and 1.5k).
Also I have went thought he mortgage process been approved and have my mortgage ready to drawdown. Additionally i have arranged life assurance and home insurance. So I have invested a lot of time in this. Here are some facts:
1. Put in initial offer on house in late Sept.
2. Final offer accepted in early dec.
3. A close date has never been formally agreed.
4. The vendors are currently going through a divorce, believe.
5. The indications all along were that the vendor was keen to sell asap and a close of late jan was verbally agreed.
6. I signed the contract just before Christmas.
7. After Christmas there was a little or no contact from the estate agent. I had to continuously chase him to find out when the vendor would return the signed contract to my solicitor.
8. In the meantime my solicitor was chasing the vendors solicitor to try and formally agree a close date and get the signed contract back.
Last week my solicitor sent an ultimatum to the vendors solicitor asking them to return counter-signed contracts by end of the week or else the deal is off. The vendors solicitor then replied to say that they have never had any contact from the vendor.
I called in to the estate agent as he was not returning my call and he said that he had little or no input at this stage becasue it was sale agreed and it was up to the solicitors to sort it out. He said to me that it should all be sorted over the next few days (this was a week and a half ago).
I suppose my question is: what recourse do I have in this situation given the time and money I have invested in trying to finalise this? Is it just money down the drain. Surely the vendors cannot lead people on like that and let them suffer expense.
I also could have been looking at another property had I have known this would fall through and my money (deposit) has been tied up with the solicitor and estate agent.
Any thoughts would be much appreciated.
Thanks.