Due diligence: communicate with buyer that backed out?
Hi BP first post I appreciate all this community has already taught me!
I'm under contract to purchase an improved lot. I was a backup offer, the agent said the buyer that backed out is an experienced builder and did not see it as profitable.The agent also said he really doesn't want to know why the previous buyer backed out, to avoid disclosure possibly. I'm not wanting to make trouble for the agent, I just want to cover my bases.The lot is priced low and has been and on the market for 2 years with 3 different agents.
I want to communicate with the builder to ask what made him back out. Is there anyway I can communicate with the bidder that cancelled or any other people that have had a contract to buy this lot?
I would love to hear how y'all would or have handled this, for future reference.