Seller wants out of contract

[Phil Dodd]

Found a off market deal last Monday and executed that night.  I gave seller cash deal, no option and 40 day lease back.  Seller  was trying to buy another house and needed her house under contract so she could remove contingency.  Well that deal turned into multiple offers and she did not get her contract accepted. Now she doesn't want to sell her house to me. We are suppose to close this week. I'm sure others have had this same thing happen. How did you chose to resolve it?

[Christine Kankowski]

If she has a contingency that she can back out if the house she was buying fell through, then she can back out of the contract with you.  That is the exact definition of the contingency.

Hopefully she finds another house and you can still do this deal. But be nice and let her out of this deal with no problems.  If she had that contingency, she is within her rights.