TwinTurbo.NET: Nissan 300ZX forum - "re-trade"
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Subject "re-trade"
     
Posted by Jeffblue on October 07, 2011 at 1:05 AM
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In Reply To This is called "retrading the deal" posted by ConVerTT on October 06, 2011 at 10:24 PM
     
Message A Re-trade is the practice of renegotiating the purchase price of real property by the buyer after initially agreeing to purchase at a higher price. Typically this occurs after the buyer gets the property under contract and during the period that it is performing due diligence. The buyer may raise a due diligence issue and demand that the purchase price be lowered to the re-trade price. The seller then must either accept the lower price or re-market the property.

Due diligence = "hey buddy, turns out you totally ripped me off. Since you are supposedly my friend, how about we trade back?"

Response:
Random craigslist person: "gtfo a deal is a deal"
Friend: "Ok sure, sorry about that"

     
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