What should you do if you are in this situation?

United States
September 28, 2007 5:41pm CST
Well, My brother wanted to sell the car to this guy and they made an agreement said; he will give the car to this man the end of September. the buyer wrote a deposit check of $1000 but asked my brother not to cash it until my brother gives him the car first and he will pay full of $6000 in cash. But now, the buyer changed his mind. He said he out of money and he has only $5300. And my brother wanted to sell it now cuz he has to go back to my country for an emergency situation. the buyer has broke his promise and I hate when they do that to him. My question is, what should you do if you are in this situation? Give me some idea and I will follow!
2 responses
28 Sep 07
Well, if it really is an emergency that he must sell it ASAP, then i would reccomend that he sells it for the highest price he can get, so tell him to haggle with the buyer a bit. And that "Dont cash it now" buisness is a bit fishy if you ask me!
• United States
28 Sep 07
I told him the same thing but he needs cash now and he will leave the country on the 1st of the October. they were agree to sell it at $6000 but then now the buyer said he has only $5300. I can't believe it but you know it is over already cuz my brother called him that he will take that price. If I was him, then I will not take this and he will pay me for broke the contract. I still have the paper work that the buyer wrote stated that he is willing to pay $6000 in cash. Thanks anyway,
@maddysmommy (16243)
• United States
29 Sep 07
Well if the buyer signed some sort of promissory note that he was going to pay $6,000 and now has broken the deal, then I think your brother has cause of some legal action on the buyer. But I am not too sure on that. The fact that your brother has given in to the buyer and sold it for less than the asking price, then there really isnt' nothing anyone can do now is there?
@raychill (6571)
• United States
29 Sep 07
The fact that buyer didn't want the initial check deposited until after they got the car should have been a sign to stop the transaction in the first place. He could just sell it to a dealership instead of dealing with individual sellers. if he needs to sell it fast, that's what I would do.