Agent says we must close TODAY

[Shelby Crowder]

Hello everyone,

I’m looking for a solution to an issue. We have an on market property owned by a hedge fund in Little Rock under contract that we have been trying to wholesale. We pushed closing because our buyer could not get approved for more cash until April. The agent said we could push closing but they are charging us $75/per day that we push. The agent came to us yesterday and said they have to know what the plan is and close this week. We let our buyer know this and he had to unfortunately back out. He sent us to his friend who was on board to close as soon as he was approved from his hard money lender. Well, his partner accidentally shopped it out to the owners of this property when trying to wholesale it without letting us know and the owner and agent demands it closes today. We will take anything for this property to try and salvage the relationship with the agent and hedge fund. We got it locked up for 122k.

Address: 2020 S State St

Reno: $40,000

Listed price: $139,000

Arv: $255,000

Thank you for your time!