Money back
Hi guys,
If you make the first deposit on a villa. Can you get your money back if you pull out before you pay the rest of the deposit?
Thanks Alan
Hi guys,
If you make the first deposit on a villa. Can you get your money back if you pull out before you pay the rest of the deposit?
Thanks Alan
Posted: Thu Jul 22, 2021 12:48am
Helpful member
Depends on the contract you sign when paying the initial deposit.
Normally, if you fail to complete within a reasonable time, you forfeit.
Never sign a purchase contract until you are happy with the clauses - insist on changes if necessary,
Never pay the initial deposit to the estate agent - only pay it to your independent solicitor.
Posted: Thu Jul 22, 2021 3:25pm
Super helpful member
Alan2162 wrote on Wed Jul 21, 2021 7:10pm:
Hi guys,
If you make the first deposit on a villa. Can you get your money back if you pull out before you pay the rest of the deposit?
Read more...
Thanks Alan
Hi
Unfortunately the situation in Spain is if you pay a deposit and pull out you lose your deposit
If the the seller pulls out they pay you double, was this potential purchase through a reputable agent? and is there a valid reason for you withdrawing from the contract?
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