As I suspected and my reason for posting the experience,many of you are not aware of the cooling off law and all the provisions afforded. Plug it into your computer. I to thought earnest money was forfited (buyer posted $5k earnest money) but that's not true. So for those accuesing me of being stupid for only requireing $50,that's the fee required by law for opting out of a realestate contract,earnest money is returned to buyer. For those saying they will not take $8,000 for a $7,000 tractor if someone offer's,hallelujah,not many people can truthfully say that. For those suggesting a realestate agent will prevent anything unsavory happening,ha ha haaa,dream on. The contract was drawn up by a title company lawyer,same as any I have a choice will be. I know from what some of you say,you never have nor never will be snookered because you are simply too smart but for those that were unaware and open to learn,hopefully my experience might be helpful. Reading the comments clearly show's some were as unaware as myself. We will easy survive this little scheme but it certanly reaffirm's what effort some will go to make a dime. It could be much worse for one that can not afford it. Thanks for the understanding comments and you will be happy to hear I dodged the rocks because I knew the usual crowd always throw's them.
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