Beware of Inflated Deposits

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Choosing A Swimming Pool Company and other Swimming Pool topics.

What do I need to know about swimming pool down payments?

Beware of Inflated Deposits

Beware of swimming pool companies that require abnormally large deposits. Call around to other pool companies and compare down-payment amounts and requirements. Though a certain amount of variation is expected, a very large difference can be a red flag. Some states even place a cap on deposit amounts, limiting them to no more that 10 percent of the total sales price. Check to see if such caps exist in your state.
Be sure you understand all payment and deposit requirements before you close the purchase. Get everything in writing. Doing so can help you to avoid unwelcome and costly surprises later.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Swimming Pool Tip Site? Request a Tip Now!


Guru Spotlight
Mary White