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Updated over 14 years ago on . Most recent reply
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Strategies used to prevent your deal from being stolen by buyer
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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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.