Join Date: Nov 2009
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Yes, I have purchased houses in Texas (1978), Missouri (1984 and 1990) and California (2000). I have a high credit score and a 468 on Ebay at 100% (Chatmanx). I have also bought and sold lots of cars, all for cash -- it's a hobby. I'm not suggesting that anyone screw anyone over. I'm just trying to help a possible Ebay buyer understand their legal and practical options. Especially their responsibility for "real damages" if the deal falls through.
And yes, I am probably especially pessimistic about the "power" of contracts today. I was in Yolo Superior Court this morning to set a trial date. The attorneys of both parties created a contract in mediation that the other party has decided to ignore. So, we are suing them at our financial loss to enforce a contract that they signed in mediation. The mediation, of course, occurred because the other party ignored an earlier contractual agreement.
If you have been in this type of situation, then you know that contracts are not what you first thought they were when you, as an honest person, signed your name as an adult to a long list of promises. I think that is especially true with Ebay because the buyer is the one person on the entire planet most interested in the product -- highest bidder. As the only person bringing cash into the transaction and the one person willing to bring the most cash into the transaction, the buyer has a great deal of power and the seller has a huge reason to make the deal happen.
The bottom-line is do not lay your money down if you're not satisfied with the deal -- ever. You have legal and practical options. That's all.