Quote:
Originally Posted by Roshan
It is always advisbale to pay the money at the time the transfer takes place, not a penny before that.
The seller can change his mind even after an MOU. If the seller does not bother to sort out the paper work, then the name on the contract ( which is his in this case ) is the owner of the property.
Regards
Roshan
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Hi roshan. Are you saying on a normal resale the seller should only transfer the funds once the property is transferred in there name.. What happens in the reverse side if the buyer decides to cancell.. Cmon ppl. I think in all fairness on a resale you are paying 2% for it and if damac transfer agent says all is in order than its there responsibility.
Anyone sold a resale on condition that funds will only be transferred once the property is the buyers name. In case with damac it could take 3 months.