Re: Has this ever happened to You!! - Posted by Brad (SavGA)
Posted by Brad (SavGA) on January 30, 2001 at 10:03:14:
Hi Sherry, I’m thinking that the buyers have a bad taste in their mouth from a past experience.
I’ll give you an example of a bad experience that happened to me a couple of months ago:
We put an offer on a house in Oct and put $1000.00 deposit to realtor. In December, we put another offer in on the same house with $100.00 deposit and it was accepted. Well, low and behold, a couple days later, we start getting bounced checks coming in. The realtor had used the check that we had written two month earlier as deposit money.
She cashed the 1000. check instead of the 100. check, after we told her to discard the 1000. check two months earlier.
It was a big mess to say the least, but we got it all figured out and the agency paid for everything including our original deposit for our troubles.
Point is, these people could have had a bad experience with deposit money and don’t want to take another chance with it happening again.
From now on, I’m only putting up $50.00 deposit for all offers.
I hope it works out for you!