Made full price offer...now two months later

[Michelle N.]

Hi there,

I am a newbie and would like thoughts, ideas on a deal. I drove around a neighborhood and was able to find a seller rehabbing a multi-unit property.  I stayed in contact to express my interest and eventually made a full price offer (which I was fine with) in November before it went on the market. Well, they had some final inspection issues with the City and we still haven't  moved forward. Before doing yet another extension, I asked for what equals to 2 months lost rent. they said no, so I decided to walk away. 

Now he wants to talk.  I haven't even been able to get an inspection done because of delay.  What are your thoughts? Wait or move on? 

[Wayne Brooks]

You don’t own it yet, you have no expenses/carrying costs, so asking for “2 months if lost” is a little whackadoo.