My buyer has backed out and is not reachable how do i mark my property as active? I do not have the termination contract.
If the buyer has changed their mind and is not responding, follow these steps to terminate the contract:
Contact Escrow or Settlement Agent:
Reach out to the Escrow or Settlement Agent involved in the transaction. Ask for the termination contract that outlines the steps to end the agreement.
Attempt Buyer Communication:
Try to contact the buyer to discuss the situation and confirm their decision. If communication is challenging, use various channels to reach out.
Request Written Confirmation:
If all attempts fail, request written confirmation from the buyer via email or mail stating their intention to void the contract. This provides a clear record of the agreement termination.
Additionally you would need to update the listing status to "active" status once the contract is terminated.
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