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Updated about 11 years ago on . Most recent reply
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Atlanta Wholesale Deal Lost..Seller won't do contract
Has anyone had a seller agree to your offer but does not want to sign a contract? I found a house off searching tax liens, and the seller is an elderly person who has a relative helping to get the house sold before the lien redemption ends(this month)
They refuse to do a contract, i even offered to make it just a week long, at least enough time to market the house, throw it on Craigslist whatever, as i know they have limited time.
I think they are trying to work other angles, which i can appreciate, and they seem eager to sell( i got them down to $10k + i would have to pay the 4500 lien) Recent solds show about 32-45k comps, and my agent says the area(moreland ave) is a lot of investor activity.
Today they told me "we'll do a contract once you have the funds ready, but we don't want to do all the contract paperwork, we just want cash upfront".
I explained i work with investors and I can't market the place without having a contract, and i wouldn't want to knowing they can sell it from under me.
Should i basically forget about it and move on?
Most Popular Reply
Offer the seller $2000 cash upfront non refunded if they let you put it under contact and that way they know you are serious.
Joe Gore