Posted by MarkB_MI on May 01, 2014 at 11:31:22 from (198.208.159.20):
In Reply to: OT- Boy am I ticked! posted by Formerly PaMike on May 01, 2014 at 10:25:57:
The lesson here is to ALWAYS get a signed sales contract when buying or selling land. If you're buying, pay some earnest money, even if it's only 100 bucks. Likewise, insist on earnest money from the buyer when selling.
Don't be mad. Just learn from your mistakes.
You might be able to salvage the deal, depending on how desperate the guy really is. Making him an offer IN WRITING and enclose an earnest money deposit of around 1 percent of your purchase price. He can accept your offer, reject it, or make a counter-offer. That's how it works in real estate. Stop goofing around with verbal "contracts" and get the deal done.
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