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Buying & Selling Real Estate

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Donald S.
  • Accountant
  • Saint Louis, MO
362
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409
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Financial docs not delivered, extend or cancel?

Donald S.
  • Accountant
  • Saint Louis, MO
Posted Jan 21 2018, 13:40

Hello all, 

I'm under contract to buy a duplex in St. Louis, it would be my first rental property and the contract stated the seller had until Saturday the 20th to get me the relevant financials, rent rolls, leases, etc.. Well that time has come and gone and no documents have been received. My question is should I cancel the contract or continue with the process? I haven't done the home inspection yet, as we were waiting for some paperwork on the eviction being carried out in one of the units, so the only money I've spent is the EMD and a lot of time. Thoughts? If they can't product the documents should I be worried they're trying to cover up something, or maybe they're just lazy with records?

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