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
Tax, SDIRAs & Cost Segregation
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 7 years ago on . Most recent reply presented by

User Stats

25
Posts
5
Votes
Mark Payne
  • Germantown, TN
5
Votes |
25
Posts

Seller Raising Price After Signing Purchase Agreement

Mark Payne
  • Germantown, TN
Posted
Agreed to buy two properties from a Turn-Key / property management company. Signed purchase agreement knowing that they intended to double close with another investor who was liquidating their portfolio. At the first closing back taxes were discovered and the original seller did not want to bring money to the table. The company I'm buying from agreed to a higher price at the first closing to cover the taxes and subsequently closed. Then they email me, tell me about the tax issue and raise the price by 5k on each property. I have the original purchase agreements with no contingencies on either side. Do I have any legal recourse here? We've passed the original closing date and have not signed another agreement. State is TN, cash deal. Thanks!

Most Popular Reply

User Stats

17,540
Posts
30,325
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,325
Votes |
17,540
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Send them a copy of your contract with the price highlighted and cc the title company on it.

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...