Denying a real estate deal after accepting token

[User_f13f4631]

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User_f13f4631
PARTICIPANT
January 24, 2025 at 9:36 am

I met a real estate agent who was representing the buyer and accepted the token money. The details were captured on a plain paper without any date or buyer’s signature. I signed the paper though. It was paid in cash and there is no legal agreement for the same including the terms in case deal falls apart.

The very next day I felt that broker was not very transparent and selling it to the buyer at a high price , also in the meantime I got a better buyer and price. So I called the broker and informed that I am not going ahead you please take your token money back.

He is not accepting the token back and pushing for the agreement. He has also been threading of legal action.

I have stopped following him now and it is a week but I have an agreement coming up in next few weeks before which I want to wrap this up. Please suggest what I am liable for and can I go ahead with the agreement with the other party even if token money is not returned.

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[Fierceanirudh9723]

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Fierceanirudh9723
PARTICIPANT
January 24, 2025 at 9:40 am

Keep the cash and close with the other buyer.

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[User_f13f4631]

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User_f13f4631
OP
January 24, 2025 at 12:28 pm

How about the paper where details were signed up? Is that an evidence that can be used?

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[Fierceanirudh9723]

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Fierceanirudh9723
PARTICIPANT
January 24, 2025 at 12:31 pm

Evidence for what? It’s as good as toilet paper.

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[User_f13f4631]

U

User_f13f4631
OP
April 2, 2025 at 1:21 pm

I got the summon from the court for the same, what should I do next? Hire a lawyer? Not keen to settle it outside of court given the party is not trustworthy

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