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Sale Agreed

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jennyjoan | 13:19 Tue 20th Sep 2022 | ChatterBank
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if a house is sale agreed is that the final or can one pull out
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until contracts are exchanged.... gazumping is rife
buying/selling at auction is more reliable. Done and dusted !
My understanding is that as long as the exchange has not happened then you can pull out - but there may be costs involved.
This is for England and NI - Scotland has its on rules.
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ok - thank you
You can pull out.
Until contracts are exchanged you can walk away at any time from sale/purchase.
Once contracts are exchanged then costs of pulling out would be significant.

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