Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

25
Posts
25
Votes
John Bell
  • New to Real Estate
  • Baytown, TX
25
Votes |
25
Posts

Seller Trying to Back out of Contract

John Bell
  • New to Real Estate
  • Baytown, TX
Posted

I have my first rei property under contract and we are scheduled to close this Thursday. The price agreed was $47,000 plus the seller putting $2,000 towards closing. Today the title company sent the seller and me the HUD statement and the seller is claiming she never agreed to $2,000 towards closing. The contract says $2,000 towards closing in section 12 and the sellers signed it. Should I confront the seller? wait? or call a lawyer? I have the text messages where she agreed as well.

Most Popular Reply

User Stats

25
Posts
25
Votes
John Bell
  • New to Real Estate
  • Baytown, TX
25
Votes |
25
Posts
John Bell
  • New to Real Estate
  • Baytown, TX
Replied

@Peter Shafik 

Thanks! 

@Gail W.

Thanks for sharing your experience 

@Jay Hinrichs

Wow, so after reading your experience I feel dumb for even bring up my small issue. Thanks for sharing

So the seller agreed she misinterpreted the conversation but was willing to move forward since the contract was clear. She seemed upset at herself for not catching it. I decided to lower the $2k to $1k and she was thankful. So we should be good to move forward. Thank you everyone for offering your opinions and experiences to help me decide how to proceed.  

Loading replies...