Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

120
Posts
18
Votes
Dave S.
  • Investor / Wholesaler
  • Erie, PA
18
Votes |
120
Posts

Under contract but no responses from seller

Dave S.
  • Investor / Wholesaler
  • Erie, PA
Posted

The title says it all but I’ll elaborate a bit. I am working directly with the seller. Finally got the property under contract! The seller is anxious to move fast (for whatever reason). A couple days later I called them cause some items are needed from seller (resale certificate, permission to go on property form from the inspector, etc). Didn’t get an answer. That was over a week ago. Not sure if the seller is getting cold feet or what but as I see it, there is a legally binding contract between us and it must be upheld. What leverage do I have to get this thing moving. How do I incentivize / threaten the seller (not that I thought I had to from earlier discussions) to get moving? They wanted to settle in November still. It was already a tight timeline but now with the holiday, I don’t know if it’s going to happen. Thoughts on how to proceed? 

Most Popular Reply

User Stats

15,749
Posts
10,947
Votes
Will Barnard
  • Developer
  • Santa Clarita, CA
10,947
Votes |
15,749
Posts
Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

If you have a legal binding contract, then I assume you have escrow opened (or a closing attorney) who is handling the transaction? Have them send emails and phone calls stating the contractual obligations which are not being met. Sounds like you have a potential legal issue on your hands so you may want to consult an attorney to assist. Prior to that, perhaps taking a trip to the property and knocking on the door.

Loading replies...