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Author Topic: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***  (Read 4933 times)

Offline Ronnieceo

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I currently have a deal under contract, however due to the fact that the seller lives out of state, she does not want to give access to the house. Her concern is break-ins as this is a house in a neighborhood under reconstruction. I have asked her for a lock box and the contract does state that "buyer shall have reasonable access", she wants to cancel the contract due to not wanting to drive back to the state the property is in. I have told her that I can close fast, but will still need access to the property for an appraisal. She states that she wants a cash only deal without inspections, walk-throughs, and appraisals....Is it possible to assign this contract with out being seen?  Please help!  :help

Offline fadi

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #1 on: July 06, 2007, 09:32:46 am »
File an affidavit with the county clerk stating that you have a contract on the house and let her back out if she likes.

Try to find a buyer, but if you cant let it go but remind her that the contract is still binding on her part.

If someone attempts to buy it, hopefully the title company will see your affidavit and they will contact you. At that point you can demand part of your wholesale fee be paid in exchange to release the cloud on the title.
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Offline Gregg975

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #2 on: July 06, 2007, 09:43:47 am »
I know that she lives out of state, but red flags go up when she is that adamant about not allowing you access to the property.  It is possible that the home has structural issues or other serious  problems that she does not want you to see.  I could not imagine another investor putting down cash on a property that he has never seen. 

How did she plan on giving you the key if you were to close anyway? 

Offline gccre

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #3 on: July 07, 2007, 04:12:21 pm »
 Tell her to "have a nice day" - NEXT!

Offline sjac1117

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #4 on: July 09, 2007, 10:00:22 am »
Your seller is not motivated to sell.  Let her out of the contract and move on.

SJB

Offline terryall

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #5 on: July 09, 2007, 11:13:53 am »
I have to agree.  I would move on.
Terry
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Offline rgchamb

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #6 on: July 09, 2007, 02:20:42 pm »
Either "next", or change the contract to a ridiculously low price based on some repair assumptions & then try to assign it.  I no takers, then use your "out clause" to terminate the contract.

Offline rgchamb

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #7 on: July 09, 2007, 02:22:51 pm »
FYI:  I had a potential deal where the owner lived out of town (about 300 miles away).  I was going to offer a ridiculously low price.  I told the owner that the price I could offer might be higher once I got a contractor into the property. 

Offline GOD WNZ

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #8 on: July 11, 2007, 12:05:42 am »
Have her mail a key to the Bank appraiser.or....local lawyer(you pay) or...The title company
 Darin
Creating and Retaining Wealth Through Real Estate

Offline Rich_in_CT

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #9 on: July 11, 2007, 02:43:13 pm »
I'd tell her if you can't get in you can only offer her half of what she wants due to not knowing the condition of the house. :cool

Offline rgchamb

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #10 on: July 12, 2007, 09:31:40 am »
I'd tell her if you can't get in you can only offer her half of what she wants due to not knowing the condition of the house. :cool

Excellent point!  I've told potential Sellers that if I could get in with my contractor, I might be able to give them a better price.

Offline Rich_in_CT

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Re: ***SELLER DOES NOT WANT TO GIVE ACCESS TO PROPERTY....HELP!!***
« Reply #11 on: July 12, 2007, 09:39:25 am »
Tell her if you can't get in you'll assume the foundation is cracked and at a 45* angle, there's no HVAC and mold is 4" thick on the walls......and you'll make your offer accordingly. :cool

 




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