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 Refund deposit to buyer, refund deposit or not ?

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TSNicLam
post Sep 25 2016, 07:03 PM, updated 10y ago

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A buyer pay RM5,000 deposit to buy my condo, the day i receive the deposit is on 14 July 2016. But 2 months later, 14 September 2016, my property agent said the bank reject buyer loan and agent show me the bank loan reject letter of buyer.

After that, property agent want me to fully refund RM5,000 to buyer. I know fully refund is a must if loan rejected.
But the buyer took 2 months time to let me know. Show i refund deposit to buyer ?

I'm very unhappy because i reject all other potential buyer within this 2 months. If buyer only spend 1 month time to let me know bank reject his loan, of coz im still willing to fully refund RM5,000 to him.

My property agent keep on calling me for every 2, 3 days for deposit refund.

So, shall i refund deposit to buyer ?


TSNicLam
post Sep 25 2016, 07:30 PM

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From what i know, bank loan just need 1 weeks times to 3 weeks to get the aprroval. But buyer took 2 months to let me know the answer.

For myself, almost every approval of my loan just need 1 weeks or less than 2 weeks.
TSNicLam
post Sep 25 2016, 07:46 PM

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yes, it did mention it. But it didnt mention the time frame. so how ?

 

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