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Updated almost 15 years ago on . Most recent reply

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Troy Michaels
  • Real Estate Investor
  • Atlanta, GA
7
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Strategies used to prevent your deal from being stolen by buyer

Troy Michaels
  • Real Estate Investor
  • Atlanta, GA
Posted

what are some strategies being used to prevent your buyer from stealing your deal. (waiting out or failing to close and stealing your deal).

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Ryan Webber
  • Wholesaler
  • Amarillo, TX
659
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
Replied

I've only had one person back out on me after signing a contract and giving $1000 non-refundable earnest money. I always require that they pay the earnest money to me directly and my contract is very specific that it is non-refundable.

Always get earnest money, $1,000 minimum, and you won't have this problem.

If they're waiting you out to steal your deal then go to work and get it sold to somebody else.

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