Another property site speaks poorly of non-refundable deposits; why?
The site in question is operated by the same Yugoslavian fellow mentioned above in the last two question and answers. In regards to this fellow’s comments about non-refundable deposits, we must say that we agree with him for the most part and his statements are quite wise indeed in this area. Non-refundable deposits can and many times are wrought with problems, as they leave the buyer open to the character and ethical behavior of the seller or agent. In most cases, it is certainly advisable to fly here to Tonga, inspect the property in person and make an offer right here on the spot. However in other cases, this simply is not possible. For example, there have been many clients who have desired a particular business or property, paid for their flight tickets, arrived here to inspect and purchase only to find out the business or property had been sold already, sometimes less then 24 hours before they arrived! In North America realty companies often accept and even require deposits to tak
