Forum Discussion
restlesswind
Apr 17, 2014Explorer
Boxer Lovers wrote:
I surely hope your deal goes through, and you don't have my misfortune. We also had a contract to sell our acerage and home along with plans to go fulltime. We had a barn sale and sold most of my implements and tools. Won't need those on the road will I?
You can see this coming right? After three closing delays we were told the buyers couldn't secure a loan, despite earlier letters of credit from the bank.
We didn't get our earnest money back. Sellers have no rights any longer. Net result we are keeping our place, but I've spent hundreds replacing small tools and equipment I foolishly sold for pennies on the dollar by making an assumption that the deal would close. Don't get rid of your stuff until you see the money.
That is why it is a good idea to have at least one "back-up offer"
if possible
If no back-up offer,I would agree...money in hand,then get rid of "stuff"
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