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Protect house purchasers/vendors with a defined process/law & financial penalty

A few years ago I ‘sold’ my property 4 times but only the 5th sale completed.

A property purchase/sale is the single biggest transaction but there is no law to protect buyer or seller, the industry relies on morales.

Purchasers need to be given a cooling off period and then after this there should be defined criteria or extenuating circumstances for pulling out.

Vendors should not be allowed to pull out of a sale except for extenuating circumstances.

There should be a financial commitment prior to exchange which reimburses loses.

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Signatories

11

Currently ranked 24,445 out of 106,409 petitions ever created.

Status

Closed

Created By

Samantha Kimm

Created On

Saturday 12 May 2018

Closing Date

Sunday 11 November 2018

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