Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Austin FauxPoster
- Real Estate Investor - Internet Marketing Professional
- Denver, CO
- 41
- Votes |
- 181
- Posts
Seller Backs Out! What do you do?
Hi Everyone,
We have a property that we got under contract really quick, and we own it free and clear. We found a buyer for the property pretty quick, like the next day and we both signed a contract at an agreed upon price. We had a few different contractors go through our property in order to get a repair bid estimates, and the buyer is saying the repairs are going to be $100,000 more than the contractors quoted. She has since decided she wants to back out of the deal and we're left trying to figure out if we should just let her go or take our contract to a lawyer? This is our first deal by the way....lol.
Thanks!