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Updated about 6 years ago,
How to deal with a really hard seller when wholesaling.
I am having problems with a seller, he’s been very difficult to deal with. I have his property under contract with intent to assign the contract to an end buyer. The buyer walked thru the property, and everything was fine except the roof, it’s got hail damage, and the buyer doesn’t want to deal with fixing it. The seller mentioned if anything is wrong with the roof he would file a claim to fix it. But when i told him the buyer checked the roof and it need to get fixed/ file a claim before closing. He lied and said it’s perfectly fine, even having his roofer on the phone to say it’s in perfect condition. The buyer didn’t want to deal with the seller because she knows he’s a hard person to deal with, so she backed out. I found another buyer but the seller insisted the house would only be walked one more time because his family lives there, understandable but the contract says I can have any prospective buyer walk thru at any time convenient for the seller. I had the new buyer walk thru but wanted to send his roofer to look at the roof, which the roofer discovered the hail damage the first buyer said there was. Meanwhile the seller was still denying there was no issues with the roof. He called me later in the day to say the roof is damaged by hail, and he’s gonna call his insurance. But said he knows it’s a cheap insurance and they will only pay $2000 - $3000 so he doesn’t want to call them. I insisted he calls them and we work with whatever they pay for the roof because we have to close in 12 days. He later texted me saying he will not fix the roof cos I signed contract ‘ as is’ so he would not call insurance to fix the roof, after he told me he would do that a day before. And he said he would give me my deposit back to dissolve the contract , get the money from the insurance and spend it. I know it would take a lot of patience to read thru all this. Someone please offer me a suggestion, as this deal means everything to me, I’ve been working on it for two weeks!
Thank you!