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| Joined: | Fri Nov 30th, 2007 |
| Location: | Tennessee USA |
| Posts: | 380 |
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I'll just give you my opinion as a seller. I hate holding cash for items I don't yet have. Best off getting a non-refundable deposit of 10% or such. That way, there is intent and you are not likely to get screwed. As is seen from many small watch houses, they are at the mercy of many others, so one week turns into one month, yadda yadda.
Would you pay a contractor for work done on your house before he's finished? Only material costs. Thus, a deposit seems reasonable here.
Just my 2 cents.
Thanks-
Marc
Exactly...I'm uncomfortable when that the payment terms changed. I don't like to pay in full for work or product that isn't available. Poul said that payment is due "by the end of April or early May", which leaves a lot of wiggle room. He would have been better off by naming a due date. I'm going to hold off for a while and see that happens.