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Updated over 2 years ago, 03/23/2022

User Stats

32
Posts
19
Votes
Noah Lomax
  • Rental Property Investor
  • San Diego/Chicago
19
Votes |
32
Posts

Chicago Buyer Unresponsive after Inspection Reply from Seller

Noah Lomax
  • Rental Property Investor
  • San Diego/Chicago
Posted

Hi folks,

We are currently under contract for a condo sale in Chicago. The buyer requested an extension to inspection, which we granted (two days). After inspection, we replied to the buyer’s requests within a few hours (agreed, negotiated, and rejected a few). And then we’ve had radio silence. It’s only been 24 hours, but inspection expired end of business yesterday (7 hours after we replied). 

My lawyer is saying my only options are to wait or terminate, lose the earnest money, and re-list. 

Do we have any other options?

Grateful for any guidance! 

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