morgy
2 Oct 2009
Real Estate / How to get out of a Preliminary Purchase Contract? [8]
I purchased an Off plan property in Katowice about 18 months/2 years ago, which is due to be ready for handover end of December. I paid an initial deposit of about 15% I believe, then later a further 80%, and the last 5% is due to be paid on handover. I could do without the financial burden now, and will struggle to even pay the final 5% (about 14,000 zloty). What options do I have of getting out of the purchase and getting back all, or at least most of, the money I have already paid? Can anybody out there advise?
I purchased an Off plan property in Katowice about 18 months/2 years ago, which is due to be ready for handover end of December. I paid an initial deposit of about 15% I believe, then later a further 80%, and the last 5% is due to be paid on handover. I could do without the financial burden now, and will struggle to even pay the final 5% (about 14,000 zloty). What options do I have of getting out of the purchase and getting back all, or at least most of, the money I have already paid? Can anybody out there advise?