Things have changed for me as as seller.
I live a quite a distance away from most buyers so I used to hold a pin with no deposit trying to do the right thing for people that sounded genuine until I realised that A lot of buyers didn’t even bother to turn up or just pulled out.
Then when I started to take a deposit, I got caught quite a few times holding the pin for a very substantial time while some buyers obviously didn’t have all the money and were just trying to lock the pin in, their wives said no, their dog needed braces or whatever lame excuse they came up with.
All of these times I had numerous inquiries and could have sold to other buyers but missed them.
Now I don’t take a deposit and say the pin is sold when it’s paid for. I’ll hold for a couple of hrs, enough time to organise a trip to inspect or pick up.
In saying this there was transactions that went very smoothly and I have sold to some of these guys now several times. Probably 50/50 good.
A buyer that offers to direct deposit straight away shows me they are serious, even though I never accept this, these are the people I will hold a short time for and are always a good experience.