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Updated over 8 years ago on . Most recent reply

Chris Purcell's profile image
Chris Purcell's profile image
Chris Purcell
  • Investor
  • from Philadelphia, PA
  • Member since Dec 9, 2010
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Chris Purcell's profile image
Chris Purcell's profile image
Chris Purcell
  • Investor
  • from Philadelphia, PA
  • Member since Dec 9, 2010
Connect
Chris Purcell
  • Investor
  • Philadelphia, PA
372
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739
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Buying & Selling Real Estate

Why is a buyer only required to put up a deposit?

Chris Purcell
  • Investor
  • Philadelphia, PA
Posted

Yet the seller is not held accountable for their actions?

IMO both parties should be required to put up a deposit, and if either bails then the other party keeps the deposit as damages.

There is a ton of work that goes into securing a property as a buyer

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