Dear Experts,
I am a owner of a house at mysore and residing in bangalore. Few months ago i planned to sell my mysore house for my legal neccessessities to buy suitable new property nearby to bangalore. i got a buyer and we did a sale agreement buy giving advance amount. it was clearly mentioned in the agreement that i am selling the house to buy suitable property from the sale consideration,but even after completion of agreement he never came and got the sale deed registered buy paying the balance amount. in the mean time what ever advance i received and from my personnal funds i got my new property registered as i had also committed by sale agreement with the new property owners and time was the essence of the contract. i have even sent him a legal notice calling him for registration or cancellation of agreement for which he has not replied and the notice period is also over. his mumness is killing me. if the buyers asks me for refund i am not in a position to give it back to him immediately as i have invested the same to buy new property. i need to find a new buyer and from the sale transaction only pay back his refund amount which will take time.I request the experts to kindly guide me what to do next. i donot want any kind of letigation. i want to sell my house to a different buyer and i am not in a position to take a decission. i want correct legal procedure to sort this issue out. please help me.
