Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › BEWARE! Is the Bullshit Coming back to Spanish Property? › Re: Re: BEWARE! Is the Bullshit Coming back to Spanish Property?
I have said this a 100 times to people and this forum… WHY PAY A DEPOSIT!!!
To say it’s a buyers market is an understatement, what is the reason for a deposit… to secure the property… to prevent the vendor accepting a higher offer… to make sure the vendor doesn’t try to increase the price…. to prevent the vendor taking the property off the market and increasing the price after a few months as the market has moved higher??
Someone please give a valid argument as to why a buyer should place a deposit, other than a nominal amount of say 500 Euros to indicate a true intention???
Oh wait the vendor is not going to sell the property to you unless you make a deposit. Yeah right and then he/she waits another decade for a lone buyer to pass through.