07-17-2016, 05:24 AM
Had an issue with a sale last spring. Had a buyer come right away to buy our tough to locate Tacoma 4 cylinder 4WD. He came from 60 miles away and had no backup driver to take his car home. He gave a $100 deposit to hold the car until the next day.
The next day he changed his mind and demanded his deposit back. He did not understand the concept of how deposits work. He came back to our house and insisted with an assist from his friend that we return his money. Who knew that a yoga instructor could turn into Walter White?
Moral of the story....always meet your buyer at a public location away from your home. Secondly, do not remove your CL ad until you are certain the sale is complete. Consider not accepting a deposit.
Once we reposted, a buyer came the next day with cash in hand from 3 hours away and the transaction took 10 minutes.
The next day he changed his mind and demanded his deposit back. He did not understand the concept of how deposits work. He came back to our house and insisted with an assist from his friend that we return his money. Who knew that a yoga instructor could turn into Walter White?
Moral of the story....always meet your buyer at a public location away from your home. Secondly, do not remove your CL ad until you are certain the sale is complete. Consider not accepting a deposit.
Once we reposted, a buyer came the next day with cash in hand from 3 hours away and the transaction took 10 minutes.