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-   -   We haven't signed the contract and can not sell for financial reasons (https://www.askmehelpdesk.com/showthread.php?t=564653)

  • Mar 23, 2011, 12:56 PM
    daggers76
    We haven't signed the contract and can not sell for financial reasons
    We have not signed the contract to sell the house and can't do so because of financial matters do I have to pay any of the cost that the was buyer has paid out ?
  • Mar 23, 2011, 01:04 PM
    ebaines

    If you haven't signed the contract, what money has the buyer paid out? Typically the buyer will start incurring expenses for things like home inspection, title search, etc only AFTER the contract is signed. Prior to you signing a contract to sell there is no obligation on your part to actually sell the property.
  • Mar 23, 2011, 01:37 PM
    daggers76
    Comment on ebaines's post
    He has paid for survey and solicitors do I have to cover that cost ?
  • Mar 24, 2011, 05:32 AM
    joypulv
    You sound not in the US...
    In the US, buyers will typically spend money between the 'offer' acceptance and the 'purchase and sale' agreement.
    The offer is designed for the buyer to have various reasons to back out, such as inspection report and ability to get a mortgage. It isn't a way for the seller to back out.

    If this goes to a lawsuit, I suspect that you will have to pay for the survey at least, since that is considered an expected expense. Not sure about solicitors charges. It's reasonable to pay one at offer time so that they can advise on the next step, but some people wait until the P&S needs to be examined.
  • Mar 24, 2011, 06:41 AM
    AK lawyer
    Quote:

    Originally Posted by daggers76 View Post
    he has paid for survey and solicitors do i have to cover that cost ?

    His solicitors allowed him to get a survey without a written contract in hand? No, you are not liable for those costs, but it seems that the solicitors might be.

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