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Experience with getting Deposits back from Auctioneers

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  • 06-08-2015 3:19pm
    #1
    pipelaser
    Registered Users Posts: 571 ✭✭✭


    I am about to pay a €3000 deposit on an apartment in Limerick, the auctioneer tells me that it's completely refundable if the sale doesn't go through. What sort of written guarantee should I look for in regards to this? Has anyone ever had a bad experience with auctioneers withholding deposits or refusing to pay them back?


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    #2
    Michael D Not Higgins
    Registered Users Posts: 7,223 ✭✭✭Michael D Not Higgins


    I'd try to get it in an email. It is standard practice for a booking deposit to be refundable all the way to contract signature time but I'd still want it written down to fall back on.


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    #3
    Denisoftus
    Registered Users Posts: 757 ✭✭✭Denisoftus


    Never had issues with returning deposit, mind you, I had been always dealing with big agencies, and never with vendor selling by himself. Normally when you give deposit they write you a receipt.

    Hope this helps.


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    #4
    Millem
    Registered Users Posts: 7,729 ✭✭✭Millem


    It should be written on your receipt that it is fully refundable


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