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Matt Ellis
  • Sumter, SC
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105
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Backing out offer help

Matt Ellis
  • Sumter, SC
Posted Jul 24 2014, 14:54

I made a verbal offer to a seller on a distressed property and I realize I didn't due my due diligence well enough.  The seller called me back and accepted. Its a very low offer but in a warzone neighborhood. I am supposed to call her back tomorrow and discuss the offer. She also needs the money by the end of the month.  How can I gracefully back out of this deal?

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