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Updated almost 9 years ago,

User Stats

28
Posts
0
Votes
Max Shepherdson
  • Renovator/Developer
  • Victoria Canada, BC
0
Votes |
28
Posts

Urgent Help needed with assignment, newbie needs advice!

Max Shepherdson
  • Renovator/Developer
  • Victoria Canada, BC
Posted

Hi guys and gals!

I need your tactical advice on what to do here...

We have a commercial property that we have locked up for $3.35 million.

We are looking to assign to a new buyer for $3.5 million.

We have a buyer for this project however they are planning to wait our contract out and then go directly to the Seller. We are on friendly terms with the seller and told him the situation and he said that he would not sell to someone who would do something like that. So if that happens then no one gets anything and nothing is bought or sold..But we need this to go through! How can we win this deal?

Our lawyer originally wrote up the assignment contract but it turns out that he is also the buyers lawyer and they are the one of the big wigs in town, so he is representing them not us. We have a good lawyer friend of his acting for us..

One of the ideas we had was to go back to the seller and ask if we can submit another contract on the back end of this one, so we have it tied up for a longer period, but that comes down to the seller and hes already extended it once for us..

Any help or advice would be greatly appreciated!!

Many thanks in advance!

Cheers

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