Seller signed the conventional loan agreement but asking for cash

[Pawitar Singh]

Hi All, 

I am buying few properties in MO, the seller signed an agreement for a conventional loan but she verbally told me that she would like to close the deal with cash! Can she do this? I do not wish to do a cash deal at the moment. Also, she would like to close the deal within 15days. Should I pass on the deal or should I push back on her?  Any suggestions would be appreciated!

Sincerely, 

Singh

[Joe Splitrock]

@Pawitar Singh is this transaction going through real estate agents? Did an attorney draft the paperwork or is this using standardized purchase agreements for your local area? Typically a real estate agent explains the process to people, but it almost sounds like she didn't understand what she signed.

If the contract was well written, it is legally binding, but of course you can't make someone close on a sale. It is better to work through it instead of trying to force it. If there are real estate agents, that is their job. If it is just you and the seller, it could be hard.