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How Would One Buy Back A Piece Of Commercial Real Estate That He Just Sold?
Readers Question:
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Without looking for a foreclosure, how could an investor buy-back the piece of real estate that he just sold, at a better price? Is it possible? After the closing of the deal what possibilities are there for the person to buy back that property, is there a common process to do this? What are some options to do this, if it is even possible?
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Would you like to see your question published on the leading real estate license and training community? Asking a question is easy, just fill out the form on the right hand side of our real estate questions page to get started.
December 8th, 2009 at 3:25 am
It’s totally up to the new owner. If he agrees to sell it back, you can buy it. If not, too bad.
December 8th, 2009 at 3:28 am
Contact the current owner and make him/her an offer to purchase. If he/she accepts the offer, you have a deal.
December 8th, 2009 at 7:40 am
You can only buy what is for sale. If the owner(not you) wants to sell it back it’s up to him. If he doesn’t then SOL.