You terminate the signed contract for the purchase of a house within the seven-day period

 

You terminate the signed contract for the purchase of a house within the seven-day period

 

When looking for housing, you signed a promise to sell for the purchase of a house in a subdivision. You regret this rushed purchase, because, on reflection, this subdivision is too far from the college where your children are enrolled.

 

Write to the seller to terminate your contract by registered letter with acknowledgment of receipt. Indeed, any non-professional buyer of new or old housing can terminate the signed contract within seven days. The seller will have given you the contract beforehand. The cooling-off period begins on the day following the delivery of the deed. The contract is handed over after signing or issuing a receipt. Pay attention to the date attesting to this discount, so as not to be deprived of your reflection period.

 

When the seller is an individual, he cannot claim any money from you before the end of the seven-day cooling-off period. On the other hand, real estate agencies providing proof of a financial guarantee may request the payment of money upon signing the contract. But it is better to wait until the end of the cooling-off period to make this first payment.

 

recommended letter with receipt note

 

Dear,

 

On (date), we signed a promise to sell for the purchase of a house in the subdivision located (address).

 

After carefully examining the shops and schools around, we found the location of the subdivision very inconvenient for us. Thus, in accordance with Article L. 271-1 of the Construction and Housing Code, we hereby notify you of our termination of the signed contract.

 

Please accept, Madam, Sir, the expression of my best regards.

 

(Signature) 124