Real Estate Fund Dispute

Case Rating: *
It seems like you're asking about the cooling-off period in relation to your property dispute. In NSW, the cooling-off period for residential property purchases is * business days. However, this usually applies if a contract was signed.
- Cooling-Off Period: * business days for residential property
- Exceptions: Not applicable if no contract was signed
Does this help with your situation, or do you have another question?

Case Rating: *
In Queensland, the cooling-off period for residential property purchases is * business days, similar to NSW. Here are the key points:
- Cooling-Off Period: * business days for residential property purchases.
- Exceptions: Not applicable for auctions or if the purchaser waives the cooling-off period.
Would you like more details or assistance with anything else?

Case Rating: *
It's difficult to determine definitively, but here are some useful points:
- Cooling-Off Period: Generally applies only if a contract was signed.
- No Contract: Since no contract was signed, the cooling-off period may not be relevant.
- Formal Demand: Consider sending a formal demand letter for the return of your funds.
- Legal Assistance: Consulting a solicitor or lawyer for further action can be helpful.
Would you like more assistance with drafting a formal demand letter or any other specific help?

Case Rating: *
Sure, here are some key points to include in your formal demand letter:
- Your Details: Include your full name, address, and contact information.
- Recipient’s Details: Include the real estate agent's name, business address, and contact information.
- Date: Clearly state the date of the letter.
- Subject: Mention “Formal Demand for Return of Funds” or something similar.
- Details of the Case: Briefly outline the situation, including the agreement to return the $415k and the amount still owed.
- Request for Payment: Clearly state the amount you are demanding to be returned and a deadline for the payment (e.g., 14 days from the date of the letter).
- Consequences: Mention the actions you will take if the funds are not returned, such as lodging a complaint with the Office of Fair Trading or seeking legal action.
- Signature: Sign the letter.
Would you like a template to help you get started?

Case Rating: *
Sure, here's a template for your formal demand letter:
---
[Your Full Name]
[Your Address]
[City, State, Postcode]
[Your Phone Number]
[Email Address]
[Date]
[Real Estate Agent’s Name]
[Business Address]
[City, State, Postcode]
Subject: Formal Demand for Return of Funds
Dear [Real Estate Agent’s Name],
I am writing to formally demand the return of $*,* that remains outstanding from the total amount of $*,* initially provided to you in relation to the [property address or description]. Despite your assurance that the full amount would be refunded, only $*,* has been returned to date.
Details of the Case:
- On [date], I expressed my intention to withdraw from the property purchase after discovering extensive repairs were needed during the due diligence period.
- You, Richard Tegart, Director of Ray White Real Estate Dubbo, confirmed and agreed to return the full deposit of $*,*.
- To date, only $*,* has been returned, leaving a balance of $*,*.
I request the immediate return of the outstanding $*,* within 14 days from the date of this letter. Failure to remit the funds by [14 days from the date] will compel me to take further action, including lodging a complaint with the Office of Fair Trading and seeking legal recourse.
Please consider this as a final notice and act accordingly to resolve this matter amicably.
Sincerely,
[Your Full Name]
[Signature]
---
Would you like more help with anything else?

Case Rating: *
It seems like you're dealing with a significant financial dispute that might require professional legal assistance.
In regards to your question, both solicitors and lawyers can handle your situation. Typically:
- Solicitors: Handle negotiations, drafting letters, and can represent you in lower courts.
- Lawyers/Barristers: Specialize in court representation, especially in higher courts.
Would you like more specific help with finding a solicitor or lawyer, or do you have another question?

Case Rating: *
It sounds like your situation is quite complex and involves a significant amount of money. Some solicitors and lawyers work on a contingency fee basis, meaning they get a percentage of the recovered funds only if you win the case. This could range from *% to *%, depending on the complexity and agreement.
Would you like help finding a lawyer who works on a contingency fee basis?

Case Rating: *
Got it, Keegan. Given the significant amount involved, you might want to consider discussing the fee structure with potential lawyers. Some might offer alternative arrangements, such as fixed fees or hourly rates, which could be more favorable.
Would you like assistance in finding a lawyer with a different fee structure?

Case Rating: *
Sure! Here are some contacts for lawyers in Queensland who might offer alternative fee structures: