Found me a possible truck 1971 gmc swb

[70-K5]

Originally Posted by MARKDTN

While this is technically correct, there is not enough value to enforce this. If seller gets a better offer, they may sell to someone else and refund the deposit (or worse sell to someone else and keep the deposit). I myself would never take a deposit on a vehicle or hold a vehicle. First one with all the money rides-clean and neat. My advice is do what you can to come up with all of the money and complete the transaction as soon as possible.

While a lawsuit will probably not spawn from a $1,000 deal on a pickup the law is exactly the same as if you were buying something more significant.

Say for instance you were selling a house. Once you sign the agreement that has the name of each buyer and a contracted price and a time frame the deal is done. Yes, home purchases have all sorts of little intricate details and outs but once money is in escrow it is there. You can't just decide to sell to somebody else once you are in contract, that is the purpose of a contract!


Tomorrow is the day, I can't wait to see what happens, I'm probably about half as excited as SCHRUM!