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Ouch that does sound like a lot of money! I do recall that in the two Finnish places I bought my offer also had a penalty clause - if I pulled out for any reas
by stevekemp 9y ago
Ouch that does sound like a lot of money!
I do recall that in the two Finnish places I bought my offer also had a penalty clause - if I pulled out for any reason other than "failure to find financing" I had to pay €6,000 or so.
(I wouldn't have made an offer had I not intended to follow-through, but it was still a little scary to imagine having to pay out!)
- ojilles 9y agoIn NL that is 10% of the purchase price, and gets hold in escrow. That works out well, the sellers are most likely making a similar commitment buying their new house.