First time MHP seller here, would like some opinion from more experienced sellers. How would you handle this?
- DD period expired 8 days prior
- Fin contingency expired 8 days prior- buyer sent notice of approval 11 days ago
- Additional deposit was due at that time, buyer said it was sent, but later canceled transfer. Contracts calls for default regarding this.
Buyer had an additional inspection done after the fact, cancels contract without any questions, conversation or negotiation and wants the earnest monies returned.
Although this is not a huge amount of money, the original earnest money was $10,000, additional earnest (never received) was for $5000. I like to think of myself as a fair and reasonable person, but I am having a difficult time why I should consider his request.
Please share your thoughts on how you would handle this?