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Mr. Luddite[_4_] Mr. Luddite[_4_] is offline
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First recorded activity by BoatBanter: Aug 2017
Posts: 4,961
Default To buy or not to buy...

On 2/13/2019 6:55 AM, John H. wrote:

On Tue, 12 Feb 2019 20:03:41 -0500, Alex wrote:

True North wrote:
The John flushes his head
- show quoted text -
"I'lll pick it up Thursday. Don't be too jealous, Donnie. Here, you can look and eat your little
heart out. Let Lora see it too!

https://allentown.craigslist.org/mcd/d/coopersburg-2010-honda-silverwing-600/6812030435.html"


John, I think I recall reading that you said you put a deposit on the
Silverwing to "hold" it and if you decided against purchasing after
seeing it your deposit would be returned.

That's fine if the seller agreed but it's
something I never really understood about deposits, especially those
made sight unseen. Why should a seller agree to hold an item,
making it unavailable (lost opportunity) to other potential buyers and
then return the good faith deposit if the buyer changes his/her mind.

I always treated a deposit made under that kind of circumstance
as being subject to forfeit if the buyer changed his/her mind.

Happened a few times when I had the guitar shop. Guy would come
in, fall in love with a guitar but didn't have the $$ to purchase
at the time. If he put a deposit on it, I'd agree to hold it for
a specific period of time (usually no more than a week or two) after
which it would be made available for sale again to anyone. If the
buyer decided *not* to purchase after the time period I said I'd
hold it, his deposit was subject to being forfeited, depending on
my mood at the time and his reason.

I had one situation where a guy put $100 down on a $2,800 guitar
and showed up *six* months later to complete the purchase.
The guitar was long gone by then and the guy *demanded* his
$100 back. Told him to take a hike, mostly because of his
attitude, not the $100.


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