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My neighbour bought my land at auction, but now he’s getting cold feet and wants his money back –what are my options?

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Done deal: Apart from rare exceptions, a deposit is not refundable once a purchaser has agreed a land deal at auction. And purchasers who refuse to complete the sale agreed at auction could find themselves involved in costly legal actions.

Done deal: Apart from rare exceptions, a deposit is not refundable once a purchaser has agreed a land deal at auction. And purchasers who refuse to complete the sale agreed at auction could find themselves involved in costly legal actions.

Done deal: Apart from rare exceptions, a deposit is not refundable once a purchaser has agreed a land deal at auction. And purchasers who refuse to complete the sale agreed at auction could find themselves involved in costly legal actions.

Q I’m a small farmer in the west of Ireland and I have no one to take over the farm. I have a couple of nephews, but none of them even seem interested in a site not to mind the 40 acres or so that is the farm. So I decided so sell half of it that’s a bit away from where I live.

It’s a nice holding of three fields and I thought it would interest some of the farmers who have land near it. I had talked to a few of them and one, in particular, had said he was interested in buying. We talked a few times about the land and he was praising it highly saying he’d love to have it. But when I brought the sale up in earnest with him, he seemed hesitant and told me to put it on the market as he wasn’t sure about buying it. So I did and engaged an auctioneer to sell it.


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