Last winter I sold an item to another Hamber and got a deposit to hold the item til May. Well in May I recieved an email that the buyer could not pick up the item till August, but he would send the balance he owed me and pick it up in August. No problem. Well it is now June and buyer has not sent balance and even after I sent him an email still nothing. Do I return the deposit and put item back up for sale or is the deposit mine?
Keep the deposit!!! Deposits are non refundable! You've given him ample time to get it or make arrangements to get it!
Keep all the documents proving that he rec'd the notifications you sent. Check the laws in your State as "you never know."
You probably could have sold the item many times and are now stuck with it. I feel the deposit is yours. Your honesty is to be appreciated!
Send him one final email and say that if you do not have the rest of the money in 15 days you will assume he is not going to conclude the transaction and that the deposit will be kept by you. You have spent time in this deal and been very lenient, Hamber or no Hamber, and you are entitled to keep the money. You are not a lending institution. Then relist it and resell it to someone who has money and is not a dreamer. Don
I may consider this route as well. The deposit is probably yours but a little prodding by the boss may get him back in touch with you. I may just turn out that he is stuck between a rock and a hard spot and afraid to communicate with you.
Mr Beaner is correct. Give the guy a chance. He may be embarrassed, and with the financial condition of most folks these days, a little leeway will be deeply appreciated. Then relist em and buy car parts with the deposit.
That is what a deposit is....a sum of money to hold something and not sell it to another person until its paid off. If they don't pay it off, the deposit is yours. I have lost money before when putting a deposit on something and not being able to come up with the rest. Do with it what you want, he didn't honor the deal.
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