Buyer pulling out of Italian property sale wants some of deposit back
#16
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.
#17
Just Joined
Thread Starter
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!
#18
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.
#19
Concierge
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.
#20
Just Joined
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Joined: Feb 2018
Posts: 9
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
#21
BE Forum Addict
Joined: Oct 2016
Location: Ex Teramo, Abruzzo
Posts: 1,216
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.
#22
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Joined: Feb 2018
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Re: Buyer pulling out of Italian property sale wants some of deposit back
#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
#25
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
#26
Forum Regular
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!
#27
BE Forum Addict
Joined: Dec 2009
Posts: 2,513
Re: Buyer pulling out of Italian property sale wants some of deposit back
Not necessarily - it depends on the form of caparra paid.