Hello,
I was hoping you could help me decide whether or not I should make this a legal matter.
I purchased a condo unit from SMDC last year. This project is on the preselling stage and so the agreement was that by the time the unit is built, I have already fully paid it as well. After paying the reservation fee, the downpayment and the 1st monthly instalment, I have received an email from them saying that there has been a redesign of the building and the unit that I purchased has drastically changed (it has increased in size) and of course the price also changed. I told them that either they sell me the bigger unit at the same price or I'll back out (in my mind I'm quite certain that I'll get my full refund because the reservation agreement I have signed states that if the unit I am buying suddenly becomes unavailable I can't file a suit against them but I will be refunded all the amount I have dished out.)
So the refund started last year and I have received an email today (after 8months and after weekly follow up calls) that they will refund the amount, but the amount stated is 39K less. I know its not a huge amount but its the feeling that I'm being cheated to think that within 8 months my money should have earned interest and instead of that being the case I will receive less than what I gave them.
Do you think that I would have a good case if I'll take this into a lawsuit? Is it worthwhile to do that or should I just drop it?
I was hoping you could help me decide whether or not I should make this a legal matter.
I purchased a condo unit from SMDC last year. This project is on the preselling stage and so the agreement was that by the time the unit is built, I have already fully paid it as well. After paying the reservation fee, the downpayment and the 1st monthly instalment, I have received an email from them saying that there has been a redesign of the building and the unit that I purchased has drastically changed (it has increased in size) and of course the price also changed. I told them that either they sell me the bigger unit at the same price or I'll back out (in my mind I'm quite certain that I'll get my full refund because the reservation agreement I have signed states that if the unit I am buying suddenly becomes unavailable I can't file a suit against them but I will be refunded all the amount I have dished out.)
So the refund started last year and I have received an email today (after 8months and after weekly follow up calls) that they will refund the amount, but the amount stated is 39K less. I know its not a huge amount but its the feeling that I'm being cheated to think that within 8 months my money should have earned interest and instead of that being the case I will receive less than what I gave them.
Do you think that I would have a good case if I'll take this into a lawsuit? Is it worthwhile to do that or should I just drop it?