Require home offers to be a legally binding contract with penalties if broken.

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Petition Action

Require home offers to be a legally binding contract with penalties if broken.

Petition Details

When a party makes an offer to buy a home this should enter them into a legal contract to complete, also requiring changes of circumstances to be communicated timely. This is to ensure serious intentions of the buyer avoiding financial, emotional and mental impact if the buyer later withdraws.

Additional Information

Home shoppers are free to make multiple offers on multiple homes and then walk away at any point with the rest of the chain crumbling and facing financial and emotional burdens. Unlike Scotland where there is an enforcement in place. While trying to sell our home we have lost a buyer 3 times. Most recently we have chased the process through for 5 months only for our buyer to have a change of heart the week before we were due to move. This has left us as a family in devastation.

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