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Seller delaying contracts

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    #32
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    They finally signed!

    Are there any potential consequences for them if they do not vacate the property on agreed completion date?



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    #33
    Busi_Girl08
    Registered Users Posts: 17,938 ✭✭✭✭Busi_Girl08


    https://www.boards.ie/discussion/comment/117874941#Comment_117874941

    Depends what's stipulated in the contracts. Your solicitor can talk about a clause which indicates a closing date and a potential penalty/etc if they do not complete by a certain date, but whether this is being done at the moment in the buyer's market is another question.

    We got our keys last week after a 4 month process and this was with a 3-party chain all with houses ready to move into.



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    #34
    cnocbui
    Registered Users Posts: 20,049 ✭✭✭✭cnocbui


    It took nine and half months for my buyers to finally sign the contracts. The entire property market is your classic Irish legal mess. likely on purpose. The government could easily legislate to simplify and reduce the cost of the whole process. Try buying and selling a property in Australia: weeks, not months or years and lower cost and hassle; where a deposit is deposit and actually means something.



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    #35
    Gael23
    Registered Users Posts: 12,110 ✭✭✭✭Gael23


    They are moving out tomorrow I believe.

    I think they were issued an ultimatum by our solicitor, play ball here or risk losing a cash buyer and go back to square one. We were told 6 to 8 weeks but they took it upon themselves to draw it out for as long as possible.



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