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REAL ESTATE Anyone here ever go to small claims court over earnest money?

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biophase

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Just wondering if anyone has any experiences here. Looks like I'm going to court over a small earnest money dispute. I'm not sure if it's even worth it or not.
 

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MJ DeMarco

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Are you owed? Or do you owe?
 

AroundTheWorld

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Depending up on the amount - if it is not very significant I would say WALK.... your time is valuable. and not worth the stress either!
 
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biophase

biophase

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I am owed $1500. It will cost me a cheap flight, rental car and one day to do it.

Let's say I was 99% sure to win the case and that my flight and expenses will be $350 and one day. Would you still do it?
 

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Answer depends on how much you value your time. Personally, I wouldn't bother. A day of free time vs dealing with airports, lines, crowds, judges - no brainer for me.
 
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biophase

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That's what I'm struggling with. I'm trying to figure out how to turn it into a vacation trip. I think I'm going to offer my friends a free trip to Park City, Utah and use the $1500 to pay for it. The only caveat is if i lose the case, they have to pay for themselves. Probably worth the risk for them right?

:banana:
 

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I have only one experience in this, (so please take this advice with a grain of salt) but even if you get a judgment in your favor, it is very difficult to get payment. I would recommend looking into ways to obtain your money from the other party after you win the judgment.
 

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If you go and make the trip a vacation, it is tax deductible as the trip's purpose was for business reasons.
 
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biophase

biophase

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I have only one experience in this, (so please take this advice with a grain of salt) but even if you get a judgment in your favor, it is very difficult to get payment. I would recommend looking into ways to obtain your money from the other party after you win the judgment.
The money is in an escrow account. theres a dispute over it we just need a judges order to get it released.
 

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can't you have your Realtor or somebody else representing you? Give them 33% of what you get from it and save yourself the hassle. Would that work?
 

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