Quote:
Originally Posted by mswlogo
It is very rare a deposit is not refunded.
It all depends on the reason the deal didn’t go through and there are many reasons $$$.
|
In todays world of multiple offers, you make it non refundable in the P&S.
In my sons case he didn't make the offer on his new house until the buyers of his house signed the P&S and came up with a 50K non refundable deposit.
They either sign it or they don't. In this market the seller has the upper hand.