Quote:
Originally Posted by bobbyw8469
Like Jason Simonds said, I had to go with the person who paid first. An unfortunate situation to be in, to say the least.
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I highly disagree with that. It's like a contract. You can't, for the sake of arguing, back out of a sales agreement to sell a house to take a higher offer that comes in. Just because the loan amount doesn't show up for about 60 days after the agreement, doesn't mean that you can take a higher cash offer in the mean time. Any offers that trickle in afterwords, higher or lower, cannot be accepted. (I'm not a realtor, but that my best analogy for this.)
I know 'money talks' but when it comes to this forum (and others like it) I just assumed that it was in good character to oblige to agreements made. If you were afraid of non-payment, you should have made it clear that you were keeping the card for sale until cash was in hand.
While you have agreed that you made a mistake, an honest one at that, I find it baffling that you wouldn't try to correctly fix it. I would make all efforts in the future to let it be known that no sale is final until money is in your hand.
I say this all as a buyer who would be very frustrated if I found myself in this situation.