Waiting on another back surgery so thought it a good time to sell a Motorhome we tried out. We are going back to a 5th wheel.
Has been quite an eye opener. Have showed it to about 11 different people. So far 5 of the 11 said they wanted it and asked to buy it. All 5 asked about a down payment/earnest money. I told all 5 that is not needed, just a hand shake will do and would see them the next day. We shook and you know it, they reneged/backed out.
One of the 5 was a Father, Son and Daughter “both children being full age adults” that was going to split it 3 ways! I heard that while they were looking it over, they told me. So come time to make an offer and state they wanted it, I asked to just shake all 3 hands on the deal since all 3 were the buyers and were involved in the purchase. Well….. later that day the Dad called and tried changing the deal, I said that was not part of the hand shake, he agreed, apologized and said they will see me in the morning to pick up the RV. And not a surprise they ghosted out too!
Seems we really have lost integrity and honor on our handshakes! I won’t stop refusing earnest money down, I won’t stop asking and dealing on a handshake on selling. I have gave earnest money when purchasing and will continue if asked.
I have had a handshake deal get sideways before a few times in my life, they did not honor. Maybe a handful in my life and damn, then BAM 5 in a row!
But I refuse to stop handshakes. I will never take earnest/hold money.
So a question to the masses here. Have any you taken earnest/hold money and they ghosted you? They come asking for the money back? I am curious as I stated that I have never nor will.
Has been quite an eye opener. Have showed it to about 11 different people. So far 5 of the 11 said they wanted it and asked to buy it. All 5 asked about a down payment/earnest money. I told all 5 that is not needed, just a hand shake will do and would see them the next day. We shook and you know it, they reneged/backed out.
One of the 5 was a Father, Son and Daughter “both children being full age adults” that was going to split it 3 ways! I heard that while they were looking it over, they told me. So come time to make an offer and state they wanted it, I asked to just shake all 3 hands on the deal since all 3 were the buyers and were involved in the purchase. Well….. later that day the Dad called and tried changing the deal, I said that was not part of the hand shake, he agreed, apologized and said they will see me in the morning to pick up the RV. And not a surprise they ghosted out too!
Seems we really have lost integrity and honor on our handshakes! I won’t stop refusing earnest money down, I won’t stop asking and dealing on a handshake on selling. I have gave earnest money when purchasing and will continue if asked.
I have had a handshake deal get sideways before a few times in my life, they did not honor. Maybe a handful in my life and damn, then BAM 5 in a row!
But I refuse to stop handshakes. I will never take earnest/hold money.
So a question to the masses here. Have any you taken earnest/hold money and they ghosted you? They come asking for the money back? I am curious as I stated that I have never nor will.