i have paid for a solicitor and paid for evaluation and set up fee's for my mortgage, in total it is costing me £1,920. now they have told me they are selling to someone else for £10,000 more, they never signed to commit to a sale, but i did, all this after 2 months..
where do i stand on this legally, i am down £1,920 in fee's and costs, is there anyway to recoup the costs?
2006-08-09 09:14:25 · 11 answers · asked by kmc1169 2 in Business & Finance ➔ Renting & Real Estate
No there isn't unfortunately. I'm in the process of buying a house and until contracts are exchanged the house is still on the market. It's horrible and every day I expect a call from the Estate agent.
It's terrible.
2006-08-09 09:20:26 · answer #1 · answered by Gypsie 5 · 1⤊ 0⤋
I had to pull out of selling my flat due to family problems.
I asked my solicitor to give me an estimate of the purchasers costs, and sent a cheque to him for the full amount. It was the least I could do, but legally I didn't have to pay him a penny.
Maybe your friend can have a word with her sister to see if you can come to some kind of arrangement. After all, they are 10k better off now!
2006-08-09 09:41:33 · answer #2 · answered by Copper 4 · 0⤊ 0⤋
In buying big ticket items its always good to get a signed contract by all parties... Thats why you should have had a Real Estate Agent. I would have save you the 1,920 or maybe you would now have the house instead of the others getting it...
Mark it up as a lesson learned...
2006-08-09 09:29:33 · answer #3 · answered by Scott 6 · 0⤊ 1⤋
Whatever happened to trust and loyalty from friends and family?
We had the same thing happen to us only we were selling our house to so called "Friends".
We were emigrating and left thinking that it had all been sorted, but they pulled out at the Eleventh Hour and left us right in the s***. We eventually had to sell at 10K less 'cos it was the easiest option since we were by now living abroad.
I would now always treat any business transactions with friends, family and friends of family with more caution than a total stranger.
In answer to your question, I am sorry but there is absolutely nothing you can do. Believe me we tried.
Feel for you as it is horrible.
2006-08-09 09:29:42 · answer #4 · answered by Milly (UK) 3 · 1⤊ 0⤋
if you have a sales contract they are not able to sell the home to any one else except if both party's angry to cancel the contract
however if you did not fill one out shame on you
real state is a relationship breaker i don't know why
i guess because there is so much $$$$ dollars to be made
but tell your friend that she Will not see the money
if there is an agent involved now!!!!! good luck
2006-08-09 10:04:59 · answer #5 · answered by jesse t 1 · 0⤊ 1⤋
Obviously UK: Gazumping still rearing its ugly head. No contract is agreed among the parties until the actual contracts 'are exchanged'. Your solicitor should explain this to you........... You cannot claim from her............
2006-08-09 09:19:42 · answer #6 · answered by thomasrobinsonantonio 7 · 1⤊ 0⤋
Sorry sweet, they can do this, it is a disgrace but its uk land law i'm afraid. Nice friends.
2006-08-09 10:19:53 · answer #7 · answered by MSMORTGAGE 3 · 0⤊ 0⤋
I would talk to my solicitor. You had a verbal agreement which they breached.
2006-08-09 09:19:47 · answer #8 · answered by kny390 6 · 0⤊ 1⤋
Are you in England... sorry they can do it... maybe they would give you something, but they are not obliged to....In Scotland they are obliged by law to repay your expenses...
2006-08-09 09:21:38 · answer #9 · answered by engineer 4 · 1⤊ 0⤋
talk to your solicitor.
2006-08-09 09:22:19 · answer #10 · answered by boo 5 · 0⤊ 1⤋