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Return of reservation deposit

 

MGM ® is focused on customer, we try to meet the the clients' requests to the maximum possible standard.

Therefore we offer a possibility  to return the reservation deposit in following cases:

  • The buyer is not sure, if he/she gains the finance using the morgage. In such case we offer to use our partners - finantial brokers.

We set a rreal term, usually 7 days until when our partners are able to chceck and request for mortgage financing. If our partners will not succeed in confirming the possibility to gain the financing in the set term (provided, he/she has all the necessary documentation), we shall return the reservation deposit decreased by our costs related to preparation of the contract and documentation. 

The buyer is sure, that he/he will not lose the paid deposit.  This is not the case, if they use the services of other finantial brokers or banks directly, in those cases they take responsiblity for their decision. That's why you should use the finantial brokers who are well-tried and recommended by us. 

 

  • The buyer is affected by force majeure (serious illness, death of family members, accidents etc.). In such cases we are more than human and we return 100 % of reservation deposit to the buyer or family members. 

 

  • The technical status of the purchased property is significantly worsened (force majeure, vandalism, flood, fire ets.) In this case we return 100 % of reservation deposit. 

 

  • The legal status of the property in question is changed, such as registration of burden, registration of greatly limiting easement or execution. In this case we return 100 % of reservaton deposit. In this case we return 100 % of reservation deposit. 

 

  • It will not be possible to transfer the propert to the Bueyer because of obstructions on the part of Owner (e.g. force majeure, the emergence of new legal facts which were not known in the time of the reservation etc.) In this case we return 100 % of reservation deposit. 

 

  • The Owner refuses to sign the Contract of sale even though the Buyer has secured the financing for the purchase of the property. In this case we return 100 % of reservation deposit.  

 

In general we realise the reservation of the property only after the client has definitely decided and has enough information concerning possibilities of financing. Therefore the  MGM ® representatives dedicate a lot of focus to review such facts.

First of all our main aim is the satisfaction of our clients and seleciton of the right property which shall become your home or ideal place for your business.