At the risk of sounding like a bleeding heart, which is not my intention, thought I would quickly share 2 recent experiences that highlight the need to NOt trust peoples word or their integrity.
1. Negotiated a property to a price. Vendor said via agent they would accept providing I went unconditional that day. Rung my solicitor to fax confirmation off. Paid $20,000 deposit to agent. At 5:15 agent rung to say that confirmation had not been received and vendor was ropeable (spelling?). Rung my solicitor who confirmed that agreement declared unconditional at 1:11 PM. Refaxed copy to agent and vendor. Vendors solicitor adamant confirmation not received. Vendor cancelled contract even though we had done everything they asked
2. Worked on a private sale for around a year. 2 days ago got agreement on price and bought the property. As it was listed with an agent the vendor asked if we could do the paperwork on the 15th, the day after the listing expired. Yesterday evening get an email apologising for the fact they were renegging and had done a deal elsewhere.
So lesson to learn...
Always maintain YOUR integrity. Never trust another's integrity unless it is in writing!!
1. Negotiated a property to a price. Vendor said via agent they would accept providing I went unconditional that day. Rung my solicitor to fax confirmation off. Paid $20,000 deposit to agent. At 5:15 agent rung to say that confirmation had not been received and vendor was ropeable (spelling?). Rung my solicitor who confirmed that agreement declared unconditional at 1:11 PM. Refaxed copy to agent and vendor. Vendors solicitor adamant confirmation not received. Vendor cancelled contract even though we had done everything they asked
2. Worked on a private sale for around a year. 2 days ago got agreement on price and bought the property. As it was listed with an agent the vendor asked if we could do the paperwork on the 15th, the day after the listing expired. Yesterday evening get an email apologising for the fact they were renegging and had done a deal elsewhere.
So lesson to learn...
Always maintain YOUR integrity. Never trust another's integrity unless it is in writing!!


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