Help me make the right decision

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01 Sep 2008 12:00 AM by Wendy E Hall Star rating. 4 posts Send private message

I am currently buying a property in Spain but the development is more than 12 months behind.  I, therefore, have a decision to make due to the market conditions. 
1) Do I continue - completion is approx 3 months away (green areas 12 months) or....
2) Pull out now and get my money back due to breach of contract??

What would you do??? 





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01 Sep 2008 12:45 PM by Irene&Alan Star rating in Formentera del Segur.... 701 posts Send private message

Irene&Alan´s avatar
Hi Wendy

I'd do some research and see what I could buy with my money for something that was ready now. If I would be financially wiser to take the breach of contract route I would do that and take advantage of the cheaper prices. However, you really must look at the small print and make absolutely certain that you wouldn't lose your money if you pulled out. Get a lawyer to check it too!!

Irene



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03 Sep 2008 2:33 PM by chrisfisher Star rating in Malaga. 36 posts Send private message

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i agree get a lawyer to check it out as due to breach of contract you could get your money back!
http://www.webinc.site88.net/

This message was last edited by chrisfisher on 9/3/2008.



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16 Sep 2008 1:56 PM by jj1111 Star rating in Casares del Sol. 21 posts Send private message

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Be careful with the breach of contract route as it could take years. My brother is going through this at the moment and his lawyers told him it might take three more years. This is after waiting five years for the complex to be built.



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16 Sep 2008 2:02 PM by JohnKath Star rating. 157 posts Send private message

Get in touch with Marie de Castro and exercise your bank guarentee!



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19 Sep 2008 4:17 PM by ABC Solicitors Star rating in C.C. La Mosca, Local.... 11 posts Send private message

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Be carefull with pulling back, you will always lose money.
Maybe it´s just the deposit, but depending the contract it can be much more.
If you need any advice, please feel free to contact us. 

_______________________
            ...



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19 Sep 2008 11:18 PM by chris.c Star rating. 15 posts Send private message

abc solicitors i don't see why you always have to lose money if you pull out. if there's still some justice left, those of us who have been victims of rogue developers should be able not only to get our deposits back, but some sort of compesantion too!



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