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What happens when you can't fulfil your option to buy?

More buyers are failing to complete private home purchases. What legal consequences do they face?

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Once the deposit is made and the contract is signed, the buyer is legally bound to make the balance payment of the purchase price and complete the legal documentation by the completion date.

THE purchase of a private residential property involves legal documentation which includes the signing of a contract. Once the deposit is made and the contract is signed, the buyer is legally bound to make the balance payment of the purchase price and complete the legal documentation by the...

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