Wooks

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About Wooks

Profile Information

  • Location Berlin
  • Nationality British
  • Gender Female
  • Year of birth 1973
  1. Problem with buyer of house

    Thank you all for your replies.
  2. Problem with buyer of house

    Sensible advice BradinBayern. Thank you.  
  3. Problem with buyer of house

    We contacted the notary some days ago who informed us their role is neutral and so are unable to give us advice.   That is why I posted.  We do not know where to turn.
  4.   Hope someone can advise our next steps now.  We are the sellers of a house in Berlin as we have relocated to Sydney.  We signed the purchase/sell contract the first week of July and the buyer was supposed to put the money in our account on the 2nd September.  At this point we were still living in Berlin.  The money did not arrive and after speaking to the buyer, he assured us that we would get it by the end of the week.  We believed him as he is a brother of a neighbour.  He is a wealthy man ( multi, multi millionaire) who owns many practices in Berlin and who wanted the house for a family member.  We were extremely unhappy though as we had planned to transfer the money to Australia that week having set up with a foreign exchange company.  We flew to Australia that week as planned once we had signed the house contract. Since then the exchange rate has fallen considerably since the day we had planned to send the money so will get significantly less for our money when the buyer eventually pays. We found out the delay was caused by the buyer bundling this house in with another project of his at the last moment and financing with a different bank at the last moment although his initial finance offer was just for our house and was with a different bank.  So he caused the delay himself by looking to maximise his profits at our expense. We will get a daily late payment fee but this is negligible  due to low interest rates and does not come close to covering what we will have lost due to the now lower exchange rate.  In the contract there is a clause saying the buyer must also pay additional expenses caused by the delay but it is a general statement. We have written to the buyer asking him to cover the difference between the amount the exchange rate was when we planned to send the money and what it will be when we finally get the money claiming this under additional expenses.   After many emails sent by us that went unanswered by him, he finally replied yesterday saying he has transferred the money (15 days late) and will pay the late payment fee. ( not yet shown up in our account). He never answers our emails about the additional expenses.  So my question is : as additional expenses can we claim the difference between the exchange rate we would have got when we wanted to send the money and the exchange rate we will get when we finally get the money and send it? For us it is an awful lot of money.  Are there any other steps we should be taking at this stage? Hope someone can advise.  We really believed we could trust this man and the stress all of this has caused is terrible.  
  5. Selling an apartment or house in Germany

    Hope someone can advise our next steps now.  We are the sellers of a house in Berlin as we have relocated to Sydney.  We signed the purchase/sell contract the first week of July and the buyer was supposed to put the money in our account on the 2nd September.  At this point we were still living in Berlin.  The money did not arrive and after speaking to the buyer, he assured us that we would get it by the end of the week.  We believed him as he is a brother of a neighbour.  He is a wealthy man who owns many practices in Berlin and who wanted the house for a family member.  We were unhappy though as we had planned to transfer the money to Australia that week having set up with a foreign exchange company.   Since then the exchange rate has fallen considerably since the day we had planned to send it We are now  in Sydney and have still not received the money in our German account.  We know that we will get a late payment fee but the bank base interest rate is so low that only works out 5% over the base rate.  What we are really concerned about is what is covered in the contract with the term additional expenses .  We contacted the notary but he says he is neutral and cannot tell us. We wrote to the buyer regarding  this matter and he no longer replies. We are in limbo and until we get the money we cannot get a loan ourselves here in Sydney.  Also we cannot send our children to school until we get a house here as they are catchment based. We have seen a few places we would like to make an offer but  but cannot buy as we don’t have the money in our German account.  The buyers accountant assures us now we will get the money for the house this week.  The buyer himself no longer replies. We found out the delay was caused by the buyer bundling this house in with another project of his at the last moment and financing with a different bank at the last moment although his initial finance offer was just for our house and was with a different bank.  So he caused the delay himself by looking to maximise his profits at our expense. We know we can rescind the contract with 14 days notice and then he won’t have the house but then nor will we be able to buy here - still it is something we are considering. So my question is : as additional expenses can we claim the difference between the exchange rate we would have got when we wanted to send the money and the exchange rate we will get when we finally get the money and send it? For us it is a lot of money.   Are there any other steps we should be taking at this stage? Hope someone can advise.  We really believed we could trust this man and the stress all of this has caused is terrible.