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Updated over 5 years ago on . Most recent reply

Vishal Parekh's profile image
Vishal Parekh's profile image
Vishal Parekh
  • Flipper/Rehabber
  • from Parsippany, NJ
  • Member since Jan 9, 2019
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Vishal Parekh's profile image
Vishal Parekh's profile image
Vishal Parekh
  • Flipper/Rehabber
  • from Parsippany, NJ
  • Member since Jan 9, 2019
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Vishal Parekh
  • Flipper/Rehabber
  • Parsippany, NJ
1
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16
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Wholesaling

Contract cancelling reason to seller

Vishal Parekh
  • Flipper/Rehabber
  • Parsippany, NJ
Posted

Hello,

What reason do you give to seller for cancelling the contract when you don’t get the buyer for it?

& do you just verbally cancel the contract or do you send “cancel contract” to the seller to sign?

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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Explain that you never had any intention of buying the property. I am sure they will appreciate the candid response. 

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