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 what happen if Seller decided cancel SPA

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scorgio
post Mar 1 2010, 07:25 PM

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QUOTE(soulcity @ Mar 1 2010, 06:10 PM)
Interested to know location of the property? Did it increase so much in short time that seller willing to pay double ????
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Probably another buyer came & offered the seller a higher amount.

In the event a sale of property is terminated due to either side's intention. Buyer lose the 10% deposit while seller need to return the received deposit + another 10% of the selling price as penalty.

 

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