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Where do I stand.

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  • 25-07-2007 9:23am
    #1
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭


    Ok, maybe not the best place for this but it is connected.

    I am attempting a management buyout of the place I have worked for the last 9 years. My offer has been accepted, (small) booking deposit paid, receipt received and that SHOULD be it. However, the seller is acting the maggot and refuses to put up a sale agreed sign. The estate agent has been told not to put it up. A call to the estate agent says the business "is under offer"

    Can he gazump me if someone comes in with a better offer at the last minute.

    Store is a large shop which is for sale freehold.

    Thanks in advance.


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    #2
    Afuera
    Closed Accounts Posts: 619 ✭✭✭Afuera


    superscouse wrote:
    Can he gazump me if someone comes in with a better offer at the last minute.
    The simple answer is yes. Unless you have contracts signed then there is no deal in place yet. A Sale Agreed sign means nothing and would not prevent you getting gazumped should an other offer come in so there is no point in pushing for that. I suggest you put pressure on the seller, telling him that the offer only stands until a certain date and after that point it will be withdrawn. You need to be firm about it and willing to walk away should the seller start to act the mick.


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    #3
    Borzoi
    Registered Users Posts: 2,876 ✭✭✭Borzoi


    superscouse wrote:
    My offer has been accepted, (small) booking deposit paid, receipt received and that SHOULD be it. However, the seller is acting the maggot and refuses to put up a sale agreed sign. The estate agent has been told not to put it up. A call to the estate agent says the business "is under offer".

    In fairness, if you've placed a deposit. He shouldn't really continue seeking other offers.

    Ask him to put sale agreed up, or return your deposit.

    Though as Afuera points out nothing is legal untill all contracts are signed


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