Seller taking long time and dragging out process

[Rachit M.]

Hello BP,

I am in the process of buying with my business partner in our first buy and hold. The seller has been super slow on requests to get things and causing delays in closing. We asked them to do fixes on the house and it has taken so much time just to get quotes. Do we have any leverage other than cancelling the contract? Our RE lawyer can't seem to get anything out of theres and is dragging their feet. Its been a disaster and my mortgage company keeps tacking on the loan extension fees. 

[Account Closed]

Originally posted by @Rachit M.:

Hello BP,

I am in the process of buying with my business partner in our first buy and hold. The seller has been super slow on requests to get things and causing delays in closing. We asked them to do fixes on the house and it has taken so much time just to get quotes. Do we have any leverage other than cancelling the contract? Our RE lawyer can't seem to get anything out of theres and is dragging their feet. Its been a disaster and my mortgage company keeps tacking on the loan extension fees. 

 Time is money. You have 80 years on this planet if you are lucky. Don't spend 79 1/2 of them waiting on this character. They are playing you. Move along.