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Deposit requirements
Hello,
I am selling a very well equipped sailboat (Formosa 46) as it is at a very low price of USD 35000 for quick sale due to major repairs needed to the salon and deck through a reknown international broker in Thailand, Lee Marine. A potential buyer has deposited the amount equivalent to the commission of the broker but before I sign the contract I am doubtful about the fact that the buyer has 4 weeks to inspect the boat and that "the seller cannot enter into any other agreement...while this agreement is in effect". This seems to be very limiting and to work against me. I bear the risk of loosing opportunities to sell the boat during the next 4 weeks when this agreement expires. On the other hand, the potential buyer does take no risk since he can withdraw at anytime and get back his deposit at 100%. My experience with other brokers was that the buyer will loose his deposit if he withdraws from the sale. The other way of working around this would be to shorten the expiration of the agreement to a week from now. Thanks in advance for any clarifications, Philippe |
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