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Updated about 5 years ago on . Most recent reply

Wholesaling Seller wanting to back out
I have a signed purchase and sale agreement between me and a seller and they now want to back out. The contract was signed 2 weeks ago. Last week they were wanting to back out then said they wanted to go through with the sale. Now they are saying they want to back out. I have a contract and have spent a ton of time on this. I even have a buyer lined up. I want to avoid legal fights if possible. Would love to hear some thoughts.
Most Popular Reply

Hey @Kendall Seals, I'm sorry to hear of this trouble! I can understand how frustrating this must be. The "banner" I would waive in front of the seller is Vision. There is a reason they agreed to let you wholesale the property and the successful sale of the property was at one time a compelling vision. If you can tap into that motivation and clearly hold out the successful sale as the X, then you'll have a less litigious and hopefully more motivated seller.
X may be cash, relief, simplicity, or something else, but whatever it is, X is the deeper motivator to them that obligation to a contract.