Asked by Larissa on 04-01-2021 10:05:43
Question posted in the Property Law category relating to KwaZulu-Natal
We have entered into a offer to purchase with a seller, who at the time (along with the estate agent) failed to disclose that this was a distressed sale. After 4 months, this sale has been prolonged due to this non-disclosure and we as the purchasers want to cancel this agreement.
Is there legal grounds for us wanting to cancel this agreement due to the delays caused by the seller/agents due to this non-disclosure?
Information Requested by Lawyer
Posted by Att. Patrick on 05-01-2021 20:11:17
I am a practicing attorney based in South Africa and I will assist you with your question. Please feel free to ask as many follow up questions in order to clarify your question. If you have a new question, you must please open a new thread.
This is a request for information so that I can understand your question and give you a proper answer.
Why do you think that the non-disclosure of the fact that this is a distressed sale is material to the situation, and which would enable you to cancel the sale?
What, exactly, is the delay?
Awaiting your further information.
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