Buyer pulling out of Italian property sale wants some of deposit back
Feb 12th 2018, 10:08 am
#16
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Joined: Apr 2009
Location: Italy
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Re: Buyer pulling out of Italian property sale wants some of deposit back
Two young men in their 30's should know what they're doing AND know the rules!
Don't back down. As Modicasa says- you've already invested money,time etc in the deal.
Don't back down. As Modicasa says- you've already invested money,time etc in the deal.
Feb 12th 2018, 11:49 am
#17
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Joined: Feb 2018
Posts: 9
Re: Buyer pulling out of Italian property sale wants some of deposit back
Thank you for all your replies. I'm just too soft and always have that, 'what if it was me?' feeling - silly I know!
Feb 12th 2018, 1:25 pm
#18
Joined: Feb 2012
Location: Not in Paris
Posts: 18,192
Re: Buyer pulling out of Italian property sale wants some of deposit back
I've thought more on this and actually they've a bit of a nerve even asking, regardless of their non-specified reasons, given that you are the one who has been inconvenienced. It's a resounding 'No' from me.
Feb 12th 2018, 2:30 pm
#19
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Joined: Apr 2007
Location: Verona/ Nr Turin
Posts: 4,671
Re: Buyer pulling out of Italian property sale wants some of deposit back
You could tell the agent that you will return the deposit, minus costs, if the place sells at at least the same price and within a decent time.
Feb 13th 2018, 5:19 pm
#20
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Re: Buyer pulling out of Italian property sale wants some of deposit back
As an update - I spoke to the agents today and they could offer no real reason for the buyer pulling out just stating it was 'economical' (I assume by this they mean financial). I have decided to retain the deposit which they weren't at all surprised at even though I do feel bad about it 
Feb 13th 2018, 7:16 pm
#21
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Location: Ex Teramo, Abruzzo
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Re: Buyer pulling out of Italian property sale wants some of deposit back
I’m glad you are sorted as this must be a very stressful time even without having people messing you around. Good luck in getting another buyer and completing your sale.
Feb 13th 2018, 7:45 pm
#22
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Re: Buyer pulling out of Italian property sale wants some of deposit back
Feb 14th 2018, 5:32 am
#23
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Joined: Sep 2007
Location: Sicily
Posts: 247
Re: Buyer pulling out of Italian property sale wants some of deposit back
As an update - I spoke to the agents today and they could offer no real reason for the buyer pulling out just stating it was 'economical' (I assume by this they mean financial). I have decided to retain the deposit which they weren't at all surprised at even though I do feel bad about it
Feb 15th 2018, 9:14 am
#25
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Re: Buyer pulling out of Italian property sale wants some of deposit back
As an update - I spoke to the agents today and they could offer no real reason for the buyer pulling out just stating it was 'economical' (I assume by this they mean financial). I have decided to retain the deposit which they weren't at all surprised at even though I do feel bad about it
Feb 17th 2018, 11:20 am
#26
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Joined: Sep 2007
Location: Sicily
Posts: 247
Re: Buyer pulling out of Italian property sale wants some of deposit back
If the shoe was on the other foot, and the seller pulled out of the sale he would have to refund double, 10,000!
Feb 18th 2018, 6:48 am
#27
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Joined: Dec 2009
Posts: 2,512
Re: Buyer pulling out of Italian property sale wants some of deposit back
Not necessarily - it depends on the form of caparra paid.
