smitchell210 0 Report post Posted April 2, 2008 Got this question back from a homeowner today: My main concern about this is if you get the down payment-what is my security if they back out or if there is damage to the property? How do you all answer this? Thanks. Scott Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted April 2, 2008 Those concerns could be addressed within your contracts/agreements. If you have to, "steal" the verbiage from those clausesand put them into your words. Voila Share this post Link to post Share on other sites
MichaelC 160 Report post Posted April 2, 2008 Scott, not an unusual question to hear. I tell 'em the truth: that I cannot guarantee them all will be perfect and go according to plan. But I remind them this is precisely the reason we opt for tenant/buyers versus tenants. The t/b has an interest in the property, both financially and emotionally. So the likelihood of a tenant-from-hell is surely less. In addition, I reming them if the deal in question is a CA, that they have final say as to who moves into their property.This usually reassures the homeowner. If not, they are doing you a favor by letting you know early on you won't be getting their business. Or at least that you won't want their business. If so, move on, Scott. Share this post Link to post Share on other sites
