Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 4 years ago,

User Stats

12
Posts
2
Votes
Robert Jon Vermeer
  • Investor
  • San Antonio Area
2
Votes |
12
Posts

Breach of Contract on single family - driving me crazy

Robert Jon Vermeer
  • Investor
  • San Antonio Area
Posted

Can I ask for compensation if the seller wants to get out of the contract? Say 5k if the seller turns around and sells to someone else in the next year? Or should I sit tight and see how it works out?

I have been working on and off with the seller for 6 months. The house is over run by pets and needs a full interior update, new roof, new deck, need water filter(well water), and landscaping. She signed the contract on a Friday and on the next Tuesday wanted to "opt out" of the contract because she just found out she was Disabled. A week later she changed her mind because she found a property to buy that she liked. That did not work out so she is now maybe wanting to "opt out" again. I have put days of work into helping her understand the process, answering question, going through her emotional roller coaster ride, etc. FYI- I gave her three months to close. We signed on December 11th, but close on or before March 6th giving her plenty of time to find a property to move into. She will net 170k from the sale of her house. 

Loading replies...