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Forum: Classifieds Archive

06-11-2016, 08:00

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By ramblinrod

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

A deposit doesn't necessarily have to be 10%, though that does seem to be the norm. It should be an amount that demonstrates good faith. As it is difficult to finance more than 90%, 10% down...

Forum: Classifieds Archive

06-11-2016, 07:55

Replies: 30

Want To Buy: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Views: 4,023

Posted By ramblinrod

Re: Safe to send a 'refundable' deposit to a broker, so they'll hold it...

Absolutely, else someone could run around putting offers on a dozen boats or more. Any process has to reasonably meet the needs of both parties. I received
an offer with no deposit, unless I didn't...

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