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Updated 23 days ago on . Most recent reply

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14
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5
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Charise Manuel
5
Votes |
14
Posts

RedFlag Would you sign

Charise Manuel
Posted

Would any of you move forward with a sale under these circumstances?

The buyer says in text messages that he is the actual buyer, will not list or market the property, and will not enter the property before closing.
However, he refuses to:

  • Add an addendum or put any of this in writing,

  • Modify the wholesale clause, and

  • Change the clause granting unlimited access before closing.

He keeps saying it’s a “standard contract.”

Would you proceed or consider this a red flag? Looking for input from experienced investors—thanks in advance.

Most Popular Reply

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2,012
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2,569
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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
2,569
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2,012
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Henry Lazerow
  • Real Estate Agent
  • Chicago, IL
Replied

Just RUN this buyer is obviously not a real buyer and just hoping to flip the contract, will weasel out at some point most likely.

Even a non refundable earnest can be bs if he just extends attorney review once it’s tied up FYI. Attorney within review period can cancel out non refundable earnest, seen it done.

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