Security Deposits and Purchase Agreements

Most if not all developers take the position: “I will not pay any hard money until I receive my full entitlements. I am conducting tests and adding value to your property. There is no room to add non-refundable money.” Well, I can tell you from first hand experience–that is just not true. If a seller has a unique piece of property special to a developer, they will agree in purchase agreement to put up hard money in a strong market.