Deposit Refund for Property Purchase
Last edited 03/07/2019 - 17:07
I hope people could shed some light on my case and provide some guidance on best course of action.
I inspected a property which required few repairs and it was agreed with the agent that these repairs will be completed before settlement. Other conditions were also agreed such as 5% deposit after cooling off. All conditions were agreed before I paid deposit and signed the contract.
I sent them deposit payment receipt(internet banking transfer) and got them to confirm all points which they did in writing. When my conveyancer reached out to the vendor to get acknowledgment on these points, they are refusing to agree on all points and stating that the agent was not authorised to do any commitment. This implies I was provided misleading information as I only agreed to sign the contract after agent’s confirmation.
I have already organised Strata and Building inspection report which was additional cost. The vendor is saying they are not legally obliged to refund my deposit of 0.25%.
What are my options here?
After I sent an email to Principal of agency, they contacted me and full refund has been made. Thank you everyone for your valueable advice. Can't think of better outcome but yes I learnt my lesson.