I have a flat in chennai and i purchased it by loan 2 years ago. Now i would like to sell it since i was moving out of chennai.
I gave my house keys and xerox of documents to a near by house to take care of the house on my absence. He is a land broker. So he told me if at all any party is approaching for the flat, he would be happy to show the house to them. And i told yes. (I know him for 2 years so i had no questions)
For the past 4 months, he calls me up and updates me that someone or the other came and saw the house and when it came to rate (17 lak) they told not interested. I also sent few potential buyers who i got through net to see the house (he showed the house). And even they were not interested and they did even pic my call.
One fine day he called me and told one party is interested and ready to pay 12.75. and he made the situation as urgent that he and the party came all the way to my place that night to see me and get a agreement from me (they paid 50K advance). But this guy had many conflicts with his speaking. Initially he told the party wanted 3 months to make the whole amount ready, till then they will pay the home loan on my behalf. but once he came to met me (500 kms apart) he told party will pay the loan for 3 months and they will reduce it in the remaining amount to be paid. And he was not clear. Since it was late night (1 in night) i also signed the agreement papers.
I had a feel that this guy is cheating, and i started enquiring about him. i called the person who i sent to see the house (via internet) and asked him how this guy behaved when he went. He told me that, this broker had no intention of selling that house and he made statements on the negative side like "This property is not worth 17 lak", "There is another porperty which is 2 BHK, new in this rate" and all that.
And on further investigation, i found that the party who he bought was his friend. So i think he is playing around me and trying to buy the property for lesser price and sell it huge.
So what should i do now, i am willing to give back what he paid and cancell the agreement. Let me know how to go with this. And what i should tell him (its been 4 days now since we signed the agreement, and agreement only has. i got 50 K and remaining will be paid within 3 months. Nothing more.
Thanks in advance, sorry for the long post, really looking for help.