I’ve got a property under an Option Agreement with a seller.
I’ve got a buyer in hand and ready to move forward… until there is a little pebble that’s become a boulder in his eye.
I told him he had to pay me the Good Faith Deposit so I could start Escrow and he’d take my place as the buyer.
He seems to think the only way to go about it is to start Earnest Money thru Escrow, not with me.
He’s confused on why he has to pay me.
I’ve (naively) held the property for him (actually I don’t have another buyer lined up) for a week
because he said he is ready to buy.
He was suppose to pay the deposit on Thursday and ended up going to the hospital… all that aside.
Should I tell him I’ll have to turn the property over to another buyer - so he’ll make a move and get past
this boulder sized pebble?
What would you do to get him to get moving on it?
He has cash to buy and could have got it rolling today.
I need to get paperwork turned in ASAP to get the title cleared for closing date June 27.
I’ve even explained to him that I’m doing the same EXACT type of deal at the Escrow company with
another agent on a different property.