I am about to do my second wrap. I have a lead who has found a property that they love. They fit all the criteria. my question is what happens if I purchase the property because they want it and for some reason they pull out of the deal, I am then stuck with a property that I don’t really want. Is there a legal document or some sort of stragety that you use to penalise the purchaser for pulling out of the deal, considering I purchased the property on the agreement that they were going to buy it.
Just want to cover my bum in case.Get a couple of grand out of them before you go unconditional on the purchase. Tell them it is non refundable. If they cant understand your position, walk.
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