Quote:
Originally Posted by Chief Rum
You see, all of this falls under the category of "following through". If Buyer A can't pay the deal he has agreed to, the deal is off.
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The problem is that you likely will not know the buyer won't follow through for weeks.
If the buyer only has a pre-qual, no earnest money deposited, etc. there is no leverage for mauboy to ensure this guy isnt wasting his time....or at least if he is, being compensated for it (i.e. earnest money). As a buyer with no skin to lose, it's very easy to have things "fall through" at the last minute even with the signed contract, proof of funds, etc. Especially if the contract has a clause for "pending inspection" results. Just too many variables & loopholes to "trust" the guy. Especially when there are no realtors involved (as much as I don't trust them either).