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Need for escrow (by Phil L.):

tmassa7 wrote:

I have a potential buyer, but he doesn't want to pay the escrow fees, saying he can do it cheaper by himself . . . Am I SAFE selling this way?

I understand these days selling or renting harder but you still need to cover your bases. During these hard times possible buyers know they have the upper hand but some become ridiculous with their demands.

If this buyer refuses to use escrow service and you are not selling your resort for almost nothing then I would offer to deduct half the fee from the selling price.

If this buyer still refused I would just feel its not worth it and stop the sale to this buyer. I know this would be a hard choice but better to be safe. When a buyer's demands become strange maybe the best deal would be no deal. If this person really wants your unit and you gave him a good price then you run the show and not him or her.

This is just my opinion on what I would do!

PHILL12