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Updated almost 3 years ago on . Most recent reply

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Leon Chappell
  • Investor
  • Chapel Hill, NC
14
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73
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Signed a Contract to sell my duplex off market buyer didn't sign

Leon Chappell
  • Investor
  • Chapel Hill, NC
Posted

I signed to sell my duplex to a off market buyer back in January, they didn't sign it. They stopped responding, and the numbers I have for them are never answered. I want to sell it to another buyer now. I have even had a attorney try to get in contact with them the let them know I don't want to sell to them now. They still didn't respond to the attorney's email. Also the offer didn't have a expiration date on it that makes the offer automatically expire if not signed after a certain period. I was just wondering if I could go ahead and sell to someone else or am I still binding even though I tried everything to let them know I don't want to sell to them anymore?..... I personally feel like as soon as I sell to someone else the first people are going to magically get in contact with me like, they want to buy and try to sue me since I don't have the duplex anymore.

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied
Quote from @Leon Chappell:
Quote from @Jocelyn Kaufman:

You were right in going to an attorney, this seems like a sticky situation. I would do whatever your attorney advises. What date does the offer expire? Also if they didn't sign is it binding? 

Some people are horrible, I am sorry this has happened. 

Good luck!

That's the thing that's killing me. The contract didn't have a expiration date on it. 

it doesn’t matter.....you can withdraw any offer before you receive a notification of acceptance, and it is if it never existed. A contract should have an address/method for notifications, if not, send it to any last known address/email, sleep easy and forget it. Also, without a specific expiration date for an offer, it would still automatically expire after a reasonable amount of time, to be determined by a judge, if it ever became necessary.


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