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Vendor is still advertising selling the shop after my purchase date is set, any warning there ?

Discussion in 'The Buying & Selling Process' started by Kangaroo, 5th Jul, 2016.

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  1. Kangaroo

    Kangaroo Well-Known Member

    Joined:
    21st Aug, 2015
    Posts:
    254
    Location:
    Sydney
    We bought a commercial property, contract exchanged, both lawyers got involved and the settlement date is set about two weeks away.

    Yesterday I happen to come across an ad, the vendor is still selling it at a significant higher price.

    What does it mean ? is it normal for commercial or there is something fishy ????
     
    Last edited: 5th Jul, 2016
  2. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

    Joined:
    18th Jun, 2015
    Posts:
    13,728
    Location:
    Remote
    Maybe they are waiting till you complete as nothing is certain until the cash is in their hands.
     
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  3. RPI

    RPI Property Lawyer, Town Planner

    Joined:
    19th Jun, 2015
    Posts:
    1,065
    Location:
    Brisbane
    Lead generation. Even after settlement some agents leave up, especially with a sold sign across it
     
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