Decided to pull out of the purchase..
Mar 25th 2007, 6:24 pm
#1
Smarties
Thread Starter
Joined: Jan 2007
Location: Liverpool, soon to be Hondon De Las Nieves
Posts: 238
Decided to pull out of the purchase..
After much deliberation we have decided to pull the plug on the Villa at Hondon De Las Nieves before we pay the 20% deposit on 1st April. Our second visit (without the agent in tow) gave us a good chance to view the property and speak to plenty of potential neighbors. Second time around it was just not as nice in addition to other reasons below.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
Mar 25th 2007, 6:35 pm
#2
this is me
Joined: Aug 2006
Location: Jerez
Posts: 832
Re: Decided to pull out of the purchase..
After much deliberation we have decided to pull the plug on the Villa at Hondon De Las Nieves before we pay the 20% deposit on 1st April. Our second visit (without the agent in tow) gave us a good chance to view the property and speak to plenty of potential neighbors. Second time around it was just not as nice in addition to other reasons below.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We waited until we had sold our house and then we came to spain with 2 suitcases and the money in the bank.
We then had the chance to look and look again, we brought with in 2 weeks we had seen lots of houses.
We lived in the area for a about 6 weeks before we actually jumped with two feet.
We love our life style and our enviroment we dont need a car for every day living as everything is on our door step.
You need to look and keep looking dont leave your brains at the airport.
Good luck
In my opion you are doing the right thing
Mar 25th 2007, 6:38 pm
#3
Structural Surveyor
Joined: Mar 2006
Location: Sevilla/Cordoba border
Posts: 1,048
Re: Decided to pull out of the purchase..
I'm sure you'll find the resale property of your dreams when the time is right. Have fun househunting and good luck with selling yours.
Mar 25th 2007, 6:45 pm
#4
Popping in for a chat
Joined: Jun 2006
Location: Back home
Posts: 4,573
Re: Decided to pull out of the purchase..
Sory to hear this Smarties - but if it doesn't feel right then you are doing the right thing by pulling out. Better to lose £2000 than a hell of a lot more further down the line. We pulled out of a purchase about 4 years ago in Costa Dorado and lost £4000 so we know where you are at.
Pour yourself a drink and settle in front of the telly - Peter Kay night on channel 4 from 9pm. He will make you laugh and take your mind off things.
Pour yourself a drink and settle in front of the telly - Peter Kay night on channel 4 from 9pm. He will make you laugh and take your mind off things.
Mar 25th 2007, 6:46 pm
#5
Banned
Joined: Feb 2007
Location: Hoping to get away from UK to Spain
Posts: 1,826
Re: Decided to pull out of the purchase..
After much deliberation we have decided to pull the plug on the Villa at Hondon De Las Nieves before we pay the 20% deposit on 1st April. Our second visit (without the agent in tow) gave us a good chance to view the property and speak to plenty of potential neighbors. Second time around it was just not as nice in addition to other reasons below.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
The 2k you have lost isnt as bad as being sucked in to a hassle of calling builders back ,buying candles, saving rain water etc, etc.
Just make sure the next villa you buy you get for 2k less and your even Take your time in your chosen area it is a buyers market !! Trust me it is
Never have liked this Off Plan business anyways as you may of seen from my post on the subject ?
So i 100% know you made the right decision
Mar 25th 2007, 6:53 pm
#6
Popping in for a chat
Joined: Jun 2006
Location: Back home
Posts: 4,573
Re: Decided to pull out of the purchase..
Smarties you have done the right thing
The 2k you have lost isnt as bad as being sucked in to a hassle of calling builders back ,buying candles, saving rain water etc, etc. Just make sure the next villa you buy you get for 2k less and your even
Take your time in your chosen area it is a buyers market !! Trust me it is
Never have liked this Off Plan business anyways as you may of seen from my post on the subject ?
So i 100% know you made the right decision
The 2k you have lost isnt as bad as being sucked in to a hassle of calling builders back ,buying candles, saving rain water etc, etc.
Just make sure the next villa you buy you get for 2k less and your even Take your time in your chosen area it is a buyers market !! Trust me it is
Never have liked this Off Plan business anyways as you may of seen from my post on the subject ?
So i 100% know you made the right decision
I'm sure you will find the property which is just right for you. Get yourself a really good resale bargain and make us all envious.
Mar 25th 2007, 7:44 pm
#9
Livin' in Spain at last!
Joined: Aug 2006
Location: La Hortichuela Almeria
Posts: 862
Re: Decided to pull out of the purchase..
After much deliberation we have decided to pull the plug on the Villa at Hondon De Las Nieves before we pay the 20% deposit on 1st April. Our second visit (without the agent in tow) gave us a good chance to view the property and speak to plenty of potential neighbors. Second time around it was just not as nice in addition to other reasons below.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
it must be very disappointing, but sound like you have made the right decision for the right reasons. Good luck with the house sale, and that you will get a quick sale! Best of luck! Chris
Mar 25th 2007, 7:48 pm
#10
Joined: Dec 2006
Posts: 5,359
Re: Decided to pull out of the purchase..
Hi Smartiesuk, only you and OH know in your hearts what right for you, I am sure you have made the right choice and even the fact of losing the 2k now is so much better then a greater sum later down the line. Also if your faith in whoever was selling to you has faltered then it is certainly the best thing to do. Hope you sell your place soon and can get the ball rolling, Easter is upon us and the property market in the UK hopefully will pick up, people always like to house hunt in the spring.
Good luck
Crispy
Good luck
Crispy
Last edited by crispy; Mar 25th 2007 at 7:51 pm. Reason: spelling
Mar 25th 2007, 7:50 pm
#11
Banned
Joined: Feb 2007
Location: Hoping to get away from UK to Spain
Posts: 1,826
Re: Decided to pull out of the purchase..
yep comes as a bit of a shock i know ...While i am on the subject and this has some relevance to Smarties recent happenings .
I will tell you a little story .
A few years back Turkey came up as a possible place to retire to , yes i know it was a mad moment honest
Anyways was on holiday there and thought will see a few agents while over there , popped in saw this agent i explainned what i wanted and he showed some new developments just completed and offered to drive us all around on a show tour of the properties he had that fit the citeria .
The day arrived and off we trundled with not the original guy but accompanied by 2 !! Management Sales types instead. they took us to a apartment block ? which wasnt on the criteria anyways , apts are for holidays and single people etc.. So after a while they got the message no apts !! Next stop was a small group of nice villas in a cul de sac , own pool i said now we are getting near the mark ! How much i ask £190,000 he calmly says ? Your having a laugh i tell him its not worth that hasnt even got a sea view ! On we go look at another couple of detached places , nice inside but outside the neighbours run a Goat farm with goat crap all over the place next to the pool area , so not impressed ! next batch lovely Villa ,lovely Pool not finished though but could be in 2 months i looked around at the quality of the walls and stuff single thin blocks and then rely on plastering ! So very cheap to build . On to a few more settlements as i call them and a couple are ok but none really inspired me ..
We arrive back to the office and they offer a drink as by then we are all pretty dry and need it .. In comes the top man in charge and pulls out like a folder with loads of paperwork in it ! Calmly sits down and says so which one you going for ? I said well i quite liked 1 of them , Right he says pulling out papers at the same time , give us 10% deposit now and we will start the ball rolling !! I said let me think about it as i have only seen 4 places and i most certainly will not decide on a spur of the moment .. Then came the hard sell 1 hour of being told how the propertys in Turkey will return 20% per year from now on how lucky i would be if i let them sell it to me etc.. At this stage i was now getting the hump putting it mildly as you can imagine
As the hotel was some 2 miles away and there supposed to drop us back as they said ! I then said right well we must go and they got quite nasty in manner and turned from these charming Turks to angry nasty people In the end i said i am going so forget the lift i will get a taxi ! Which i did ..
That evening in the usual town i was staying i was telling the owner of the restaurant there about them he said oh them ? oh yes they do that all the time they sell lots of deposits and then mess you around so as you dont continue !! keep the deposits and make a fortune !
Saw the Turkish people in a new light that day for sure
.
Last edited by Big Pete; Mar 25th 2007 at 7:53 pm. Reason: spelling
Mar 25th 2007, 8:11 pm
#12
Banned
Joined: Feb 2006
Posts: 400
Re: Decided to pull out of the purchase..
yep comes as a bit of a shock i know ...While i am on the subject and this has some relevance to Smarties recent happenings .
I will tell you a little story .
A few years back Turkey came up as a possible place to retire to , yes i know it was a mad moment honest
Anyways was on holiday there and thought will see a few agents while over there , popped in saw this agent i explainned what i wanted and he showed some new developments just completed and offered to drive us all around on a show tour of the properties he had that fit the citeria .
The day arrived and off we trundled with not the original guy but accompanied by 2 !! Management Sales types instead. they took us to a apartment block ? which wasnt on the criteria anyways , apts are for holidays and single people etc.. So after a while they got the message no apts !! Next stop was a small group of nice villas in a cul de sac , own pool i said now we are getting near the mark ! How much i ask £190,000 he calmly says ? Your having a laugh i tell him its not worth that hasnt even got a sea view ! On we go look at another couple of detached places , nice inside but outside the neighbours run a Goat farm with goat crap all over the place next to the pool area , so not impressed ! next batch lovely Villa ,lovely Pool not finished though but could be in 2 months i looked around at the quality of the walls and stuff single thin blocks and then rely on plastering ! So very cheap to build . On to a few more settlements as i call them and a couple are ok but none really inspired me ..
We arrive back to the office and they offer a drink as by then we are all pretty dry and need it .. In comes the top man in charge and pulls out like a folder with loads of paperwork in it ! Calmly sits down and says so which one you going for ? I said well i quite liked 1 of them , Right he says pulling out papers at the same time , give us 10% deposit now and we will start the ball rolling !! I said let me think about it as i have only seen 4 places and i most certainly will not decide on a spur of the moment .. Then came the hard sell 1 hour of being told how the propertys in Turkey will return 20% per year from now on how lucky i would be if i let them sell it to me etc.. At this stage i was now getting the hump putting it mildly as you can imagine
As the hotel was some 2 miles away and there supposed to drop us back as they said ! I then said right well we must go and they got quite nasty in manner and turned from these charming Turks to angry nasty people In the end i said i am going so forget the lift i will get a taxi ! Which i did ..
That evening in the usual town i was staying i was telling the owner of the restaurant there about them he said oh them ? oh yes they do that all the time they sell lots of deposits and then mess you around so as you dont continue !! keep the deposits and make a fortune !
Saw the Turkish people in a new light that day for sure
.
Mar 25th 2007, 8:26 pm
#13
Not Junior but not Senior
Joined: Oct 2005
Posts: 1,052
Re: Decided to pull out of the purchase..
Hey Smarties..... we lost a thousand while looking, aside from all the money spent. Looking at all the pics tonight of the year spent property hunting. We were glad we eventually bought when and where we did. If your gut instinct was to pull out you were doing the right thing. Keep looking.. it is definitely a buyers market and you will find something better.
Mar 25th 2007, 8:29 pm
#14
Young at heart
Joined: Mar 2007
Location: Wakefield/Andalucia This Year
Posts: 1,900
Re: Decided to pull out of the purchase..
After much deliberation we have decided to pull the plug on the Villa at Hondon De Las Nieves before we pay the 20% deposit on 1st April. Our second visit (without the agent in tow) gave us a good chance to view the property and speak to plenty of potential neighbors. Second time around it was just not as nice in addition to other reasons below.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
We have decided that the morgage offer was not good enough for us with the first two years interest only and then it would revert to capital mortgage at Euribor + 1% and we really wanted a longer interest only deal. In addition when we were ready to move in we would have had to re-submit updated documents such as the bank statements and pay slips and having give up work recently the pay slips could prove a problem. Should they decide before finalisation we no longer qualified for a mortgage we would be knackered.
We will put this house up for sale tomorrow (agent coming) and when it sells we will look to buy a resale for cash. It just feels right to do it this way. Yes we are walking away from £2k deposit but better that than regret the decision at a later date. Also we realised that everything you needed there would have involved a car trip as there are no local amenities. People were having problems with Electricity and water supplies and were reporting the builders and agents were slack in aftersales once the money had exchanged hands. The villa we noticed had more than a few hairline cracks in the walls and this was a worry. We toured the urbanisation and looked at villas in various stages of development and those without the skins on looked like they had been thrown up and this made us question what was under the skin of our villa. Small things just added up to cause us to question enough our decision to place that 20% deposit and make this decision. So hey ho onwards and upwards as they say. Will keep an open mind and hope this sells fast
Oh and I also asked the agent if we were required to pay any of the property value in cash (black money) and he was taken back by the question before telling me we had to pay 10% of the value in cash, effectively black money. I hated the fact that they never disclosed this to me nor the fact there was no LFO on the villa. We had to glean those facts ourselves and thus I have lost all confidence in them.
Well Im sure we will be in touch a lot more,good luck with the sale of your house,I hope it will sell fast for you.
Mar 25th 2007, 8:30 pm
#15
Ex Expat
Joined: Oct 2006
Location: West Midlands, ex Granada province
Posts: 2,140
Re: Decided to pull out of the purchase..
You have done the right thing.
Good luck with the resale purchase!
Good luck with the resale purchase!