We backed out of the deal

GlennLever wrote:

Effy wrote:
Being a little harsh here on the OP. I mean it sounds very much like the seller was not fully disclosing the fact that the unit had water damage. I know it's not required for MH's but in this case shaking hands or a gentlemen's agreement is moot. I bet he was willing to drive it anywhere to complete a deal and unload it. Good for the OP in doing due diligence.

I know I am fighting a losing battle here, based on responses, this will be my last post on this.

I guess I'm from the wrong generation, I would not try and take someone, I would not back out of a deal once I shook hands.

"shaking hands or a gentlemen's agreement " is exactly the point. You shook hands and had a gentlemen's agreement.

Up until that point, you do your due diligence, you have the right to walk away, have all the inspections you want to have done, ask all the questions you want, look at anything you want. Examine anything you want. Ask for a grace period, ask for the names of priore owners, take it for a test camp, rent it for a month, make any deal you want. Shake hands, agree to buy, then you have given your word.

So the question is....how good is your word?

Myself, when I buy, I try and make all kinds of conditions, I get as many concessions as I can, I wheel and deal, sellers hate me and some have walked away from me, but once I shake hands I'm bound, be that good or bad.

That does not mean you do not have opinions if the seller has not been truefull or misrepresented something.

I have forced people to "make it right" as there are some real shysters out there.

I'm not saying this guy wasn't one, I am saying you agreed to buy, you shook hands, you were done.

and I am done.

What do you mean you have forced people to make it right? How can that be after you're sitting here arguing a deal is a deal? You even say you do all your own due diligence, seems to me like you have no right to force anybody to make it right after you shook on it.