when I was selling my multi-unit property I had the buyer’s security deposit ‘go hard’ 14 days after I accepted their offer (ie, the buyer’s deposit comes out of escrow and into my pocket) – 14 days gives the buyer time to do his due diligence and either commit to the deal or walk away
this keeps the buyer in the deal or forces him to walk quickly
there are lots of flakes out there – don’t waste time with them
I had one flake accept my counter-offer at $895K and then try to negotiate a $600K price before his money went hard – my agent and I got rid of him and his offer as quickly as possible
had another flake try to play delay games right before his money was to go hard – he was quite surprised when I cancelled his escrow the day after his money didn’t go hard
anyone who would intentionally play the low-ball game described by the original poster deserves to be knee-capped by Guido in the station wagon
