How Would You Close This?

[Nick M.]

I'm trying to purchase a quad that sits right next to mine.  The owner and I have struck an agreement on price but he is dragging his feet, as he figures out how to avoid paying tax on a property he will be doubling his money on.

I suspect he is trying to find a property for a 1031 exchange, but with none in sight,  he is dragging his feet executing a purchase agreement.

Given this situation, any thoughts on how I can quickly purchase or otherwise take control of the property's cash flow?