Seller wants a large non-refundable deposit and won’t sign a contract without one. What should I do?

Good question.

The short answer is once a seller takes control of the sales process you are better off leaving and finding another seller. If you run into a seller that starts to dictate terms, just move onto another deal. These types of sellers are highly problematic. Simply move on to another deal.

These types of sellers are also earnest money grabbers where if anything goes wrong they will snatch that earnest money and not give an extension. So just forget them. Let them find a buyer that is not a good investor that will just roll over and do what they want. It is their choice and it is your choice. They choose high earnest money non-refundable and you choose another seller to buy from.

In order to learn how to do this, you need a proper financial education and a mentor. If you are serious about learning, then contact my office at www.benjaminzmiller.com by filling out the contact form. Also you should start going to the weekly investor meetings on Sunday where I educate investors on these and other topics.

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com

https://www.linkedin.com/in/benmillersells/