Join Date: Apr 2010
Ferrari Life Posts: 2,200
If the owner has truly taken the car off the market based on your deposit, then 2-3 weeks is at the outer limits of how long he should hold it, IMO. If your property sale doesn't go through he could (rightfully) whinge to you that he's lost potential sales in the time it was off the market, and could ask for your deposit as compensation.
If he's continuing to advertise it, even with a qualification that a deposit has been placed, then he still has the ability to collect potential sales for it if your deal falls through, and you should be entitled to your full deposit back.
At the end of the day, however, it's whatever you can negotiate with him and more importantly, get in writing.
'99 550, Rosso Corsa / Nero, S/N:114654, Assy: 31836, Engine: 52084
High mileage, low compression, and missing on a few cylinders.....just like my cars.
Maranello Skunkworks Team Member