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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.  

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