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Price Reduction

Posted on: Tue, 11/02/2010 - 23:08
Price Reduction

Hi All,

I have a property under contract and the client wants to reduce the amount.
Is the best way to do this to just draft up an addendum? I know how it's done with a regular transaction, but not certain with a wholesale deal.

Thanks & God Bless,

Tyra

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Posted on: Wed, 11/03/2010 - 00:13 #1
Tyra, I would draft either a

Tyra,

I would draft either a new contract or at least re-do the page that has the price on it (assuming everything else will remain the same). Hope this helps!

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Lenee

www.allstarhouses.com

~Act successful! And you'll draw it to you.~
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Posted on: Wed, 11/10/2010 - 17:57 #2
Price reduction

I'm with msthomas. Just get a new contract signed. That way there aren't any
issues later down the line

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To get something you've NEVER HAD
DO something you've NEVER DONE.


Posted on: Wed, 11/10/2010 - 18:26 #3
Thanks for the comments

Thanks for the comments ladies. I may let this deal go anyway...not really worth putting more time into unless he does a short sale.

Thanks!