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Updated over 7 years ago,
Wholesaler Not Communicating With Seller
Hi Bigger Pockets world!
A few months ago, my business partner and I entered into a contract with a wholesaler to sell our 10 unit multi family property. We agreed on a figure that we both felt was fair and signed the contract. From what we read and the wholesaler stated to us, the sale was to be closed within 90 days.
After he came by a few times and showed some potential buyers the property, we have yet to here anything from him in the status of the sale. We have emailed the wholesaler at multiple times, as well as called, texted and even stopped by his office multiple times over several weeks and have not heard anything back. We want to do what we can to close on this property, as we agreed upon, but can not get any response back.
What are some of our options going forward?
Can we back out of the contract due to a lack of communication?
This has been very frustrating for my business partner and myself and would greatly like any outside input on this matter. We are all ears!
Thanks in advance!