Has anyone ever had this happen? I got a nice 10 acre parcel under contract for 6500. According to my research I would be able to most likely sell for Cash for 20k and maybe offer on terms for 30k. I decided to send to a local title agency, because the property was in an trust name and inherited by the granddaughter (who was selling). They wrote me after a couple of weeks that they needed to contact her directly because they would need to deed to her first before closing. She even asked me for a time extension on the 30 day purchase agreement she and I had signed. Then yesterday she (the seller) writes me to say that the title company told her the property is worth 125k, and that she doesn’t even want to sell it now.
What to do? Remind her we have a legally binding agreement? Or move on. Have spent a good bit of time in due diligence. I also wrote the title agency to see what happened…
- You must be logged in to reply to this topic.