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The Water Cooler
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Hand Shakes on deals are gone?
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<blockquote data-quote="Mr.Glock" data-source="post: 4073180" data-attributes="member: 32877"><p>Waiting on another back surgery so thought it a good time to sell a Motorhome we tried out. We are going back to a 5th wheel. </p><p></p><p>Has been quite an eye opener. Have showed it to about 11 different people. So far 5 of the 11 said they wanted it and asked to buy it. All 5 asked about a down payment/earnest money. I told all 5 that is not needed, just a hand shake will do and would see them the next day. We shook and you know it, they reneged/backed out. </p><p></p><p>One of the 5 was a Father, Son and Daughter “both children being full age adults” that was going to split it 3 ways! I heard that while they were looking it over, they told me. So come time to make an offer and state they wanted it, I asked to just shake all 3 hands on the deal since all 3 were the buyers and were involved in the purchase. Well….. later that day the Dad called and tried changing the deal, I said that was not part of the hand shake, he agreed, apologized and said they will see me in the morning to pick up the RV. And not a surprise they ghosted out too!</p><p></p><p>Seems we really have lost integrity and honor on our handshakes! I won’t stop refusing earnest money down, I won’t stop asking and dealing on a handshake on selling. I have gave earnest money when purchasing and will continue if asked.</p><p></p><p>I have had a handshake deal get sideways before a few times in my life, they did not honor. Maybe a handful in my life and damn, then BAM 5 in a row!</p><p></p><p>But I refuse to stop handshakes. I will never take earnest/hold money.</p><p></p><p>So a question to the masses here. Have any you taken earnest/hold money and they ghosted you? They come asking for the money back? I am curious as I stated that I have never nor will.</p></blockquote><p></p>
[QUOTE="Mr.Glock, post: 4073180, member: 32877"] Waiting on another back surgery so thought it a good time to sell a Motorhome we tried out. We are going back to a 5th wheel. Has been quite an eye opener. Have showed it to about 11 different people. So far 5 of the 11 said they wanted it and asked to buy it. All 5 asked about a down payment/earnest money. I told all 5 that is not needed, just a hand shake will do and would see them the next day. We shook and you know it, they reneged/backed out. One of the 5 was a Father, Son and Daughter “both children being full age adults” that was going to split it 3 ways! I heard that while they were looking it over, they told me. So come time to make an offer and state they wanted it, I asked to just shake all 3 hands on the deal since all 3 were the buyers and were involved in the purchase. Well….. later that day the Dad called and tried changing the deal, I said that was not part of the hand shake, he agreed, apologized and said they will see me in the morning to pick up the RV. And not a surprise they ghosted out too! Seems we really have lost integrity and honor on our handshakes! I won’t stop refusing earnest money down, I won’t stop asking and dealing on a handshake on selling. I have gave earnest money when purchasing and will continue if asked. I have had a handshake deal get sideways before a few times in my life, they did not honor. Maybe a handful in my life and damn, then BAM 5 in a row! But I refuse to stop handshakes. I will never take earnest/hold money. So a question to the masses here. Have any you taken earnest/hold money and they ghosted you? They come asking for the money back? I am curious as I stated that I have never nor will. [/QUOTE]
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