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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.
|Sheri Ann Richerson|