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 over 6 years ago,
Shawn AckermanPoster
Pro Member
- Real Estate Entrepreneur
- Mid West, East Coast
- 1,211
- Votes |
- 2,931
- Posts
Contract expires next week, buyer cant close for two weeks WWYD??
We have come to a bit of a crossroads. We have a deal wherin sellers contract expires(he will not renew) 10/10 however buyer cannot close until one week after.
Our relationship with buyer is new however was referred by a certified closer. Buyer lives out of state and has not put down any EMD. Would you buy the property and hold for a week or let the deal die?
All other interested parties have either not come up with the funds to close or passed on the deal. Property is a 3-unit occupied rental in C-D neighborhood and we are not necessarily interested in holding this one. P/P $45k