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Updated over 7 years ago on . Most recent reply

User Stats

22
Posts
21
Votes
Ben Fraser
  • Investor
  • Lansing, MI
21
Votes |
22
Posts

Please Help: Still waiting on buyer to sign amendment

Ben Fraser
  • Investor
  • Lansing, MI
Posted
Hi y'all, I recently accepted an offer to purchase one of my properties. I was happy but then that feeling quickly dissipated. The buyer and I agreed on a very tight closing timeline. So my realtor recommended that we send an amendment to the contract that gave me more time to remove 2 shipping containers that I never intended to sell along with the property. This amendment, he assured me, would exclude the containers within the contract itself and therefore protect my continued possession of them. Now, with the amendment to the signed contract in hand, the buyer has yet to respond to the amendment and it has been so long now that the closing date (that was such a worry in the first place) on the original contract is past. So, since the amendment has no deadline for acceptance or denial, how long am I supposed to wait? And, even if the buyer did want to close, he would have to send an amendment himself to me to move the closing date. So, now that I've gone through this interminable process with him I've lost my good faith in him and I'm unsure if I would even accept an amendment from him to move back the closing date. What are my options? Thanks

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