I went to see a property for sale in NSW, it was listed in range $1.2M - $1.3M.
He said there's some offers for ~1,280,000 - I said give me 2 days and I'll get my unconditional approval. 2 days later, I called and said I got the approval from my broker, I'm happy to offer $1,287,000 ($7,000 over the highest), he said great I'll send you the contract just transfer the 0.25%. I transferred the holding deposit. He called me the next day and said if you can do $1,290,000 you've for the deal. I said fine, let's do it.
So, the following day he sent me the contract of sale via DocuSign with 10-days Cool-Off, I signed, and sent a photo of my licence. I messaged the agent and asked if the vendor signed, he said "Yes!". I sent the Contract to my conveyancer and asked him to start the process, he did
Weekend. radio silence.
Monday radio silence
Tuesday my conveyancer emails me and asked me to ask the agent to hurry up and send him the fully executed contract. I was like 'wtf?'. I emailed, the agent said yep, my office is working on it.
Wednesday night I get a call and the agent said, sorry someone else bought this property, it was already under contract and we thought they were going to pull out. Send me your details to refund - thank you come again.
This is the state of our Property Market fellas, it's run by thieves.
REA - what a bunch of bastards.