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A deal is a deal - definitely not cool to back out. But like everyone said - talk is cheap and cash is king. Tell the local guy you have a better offer but you will stand by your word as long as he can come up with the cash by a specified time - otherwise start talking to the ebayer.
As far as verbal contracts go - they are not worth the paper they are printed on.
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Randy
'87 911 Targa
'17 Macan GTS
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