Posted by Mike (WA) on April 24, 2009 at 08:32:23 from (69.10.199.245):
In Reply to: Re: Dang it! posted by PJH on April 24, 2009 at 03:35:25:
I made a deal with an old gent to buy 70 acres (for $50,000- in 1976- those were the days!). When I asked how much earnest money he wanted, he said "Well, my word is good, and if yours is too, we'll just shake hands on it." Fine with me.
A couple days later he drives up my driveway in his old pickup, gets out, his face was longer than the odds on the trifecta at Churchill Downs. I figured the deal had blown up. Instead, he said when he went to the title company to have them draw up the papers, they refused to do so unless there was earnest money. He said, "Now, I said no earnest money, and I meant it. Just say the word, and I'll go back and put up the earnest money myself." I told him I sure wouldn't mind paying it, since it all applied to the down payment anyhow, and gave him $500. He sure was relieved.
He was keeping 80 acres next door, and said, "My two old dogs are used to going on that property, and I don't want to tie them up. But if they ever give your cattle any trouble, just shoot 'em. I promise there won't be any hard feelings." Needless to say, those two old cow dogs made friends with my cattle, and ended up running off coyotes more than once.
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