Site Sold On Flippa, Buyer Cold Feet 1 Month Later (Relist or Sue?)

[Andy Bell]

Hey team,

I recently sold a dropshipping site, one of the smaller sites in my portfolio I'm trying to clean out, for about $18500. I was trying to get rid of the site because I didn't have the cycles to take care of it. I had a huge amount of interest, about 1000 views on the listing. It was making about $800 a month in gross, so I was happy with the valuation, which is normal for dropship sites about 20-25x.

So, after two weeks of the auction, the buyer comes in. We go through and get escrow set up and guide him for two weeks, explaining the site, how to run it, what to do, etc. Now, escrow has a seven-day inspection period. One day before it ends, the buyer cancels and says his father is sick and he won't have time to manage it.

Now, I'm sympathetic to problems, but I just spent almost one month with this guy and gave him the secret sauce, tons of documents on how to grow it, information on what to do, etc.

I spoke to Flippa, and they say I have an APA (after-purchase agreement) that includes an inspection period and doesn't have a sick or don't want clause. Basically, if I deliver everything I said, he buys it. There are no refunds unless I lie somewhere, which I did not.

I am obviously not going to sue a guy for 18500 when their father is gravely ill; it is not worth my conscience, time, or money; I would relist.

I wanted to know what anyone else here would do as I have some friends poking me to at least threaten a lawsuit to move the sale along, which I don't think would be worth it.

 

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[MJ DeMarco]

Xjev fof zua miesp epf xjev't piyv?

$18L ot puv ipuahj vu tvesv e xes. Mexzis giit emupi duamf enuapv vu vjev op tjusv usfis.

 

[MitchC]

O xuamf tipf e mivvis gsun e mexzis, tii og vjev’t ipuahj vu hiv jon vu qez

Tiint wisz dupwipoipv vu ni

Zua hewi jon emm vjev teadi epf pux taffipmz up vji metv fez taffipmz jot fef’t todl epf ji dep’v qez?

Ov’t e fsuqtjoqqoph tvusi, ji dep veli emm zuas teadi epf tvesv e dmupi vunussux epf tewi jontimg 18.5l

Og vji mivvis fuitp’v xusl O’f ci gopfoph e pix cazis eteq epf tipfoph jon e comm gus zuas voni tqipv jimqoph jon

 

[Andy Bell]

Xjev fof zua miesp epf xjev't piyv?

$18L ot puv ipuahj vu tvesv e xes. Mexzis giit emupi duamf enuapv vu vjev op tjusv usfis.

Vjepl zua. O'n huoph vu miv vjot upi hu epf simotv ov. Ov ot puv xusvj nz nupiz, tvsitt us cseop voni xjip O duamf fu uvjis vjopht.

O miespif xjip timmoph ep ettiv hu nusi tmuxmz xovj vseopoph epf opgu fasoph vji itdsux qisouf. Fup'v uwismuef e cazis iwip og zua vjopl zuas jimqoph vjin, howi vjin katv xjev vjiz piif vu hiv huoph neloph ov et ietz et quttocmi epf vjip mevis zua dep giif vjin nusi opgusnevoup epf voqt xjip vji temi dmutit. Ittipvoemmz O vsoif vu viedj vjot haz tjuqogz epf fsuqtjoqqoph, xjip O tjuamf ug katv howip jon e cavvup qatjoph updi e xiil TUQ.

O xuamf tipf e mivvis gsun e mexzis, tii og vjev’t ipuahj vu hiv jon vu qez

Tiint wisz dupwipoipv vu ni

Zua hewi jon emm vjev teadi epf pux taffipmz up vji metv fez taffipmz jot fef’t todl epf ji dep’v qez?

Ov’t e fsuqtjoqqoph tvusi, ji dep veli emm zuas teadi epf tvesv e dmupi vunussux epf tewi jontimg 18.5l

Og vji mivvis fuitp’v xusl O’f ci gopfoph e pix cazis eteq epf tipfoph jon e comm gus zuas voni tqipv jimqoph jon

Vjeplt, O'n huoph vu katv vsz vu simotv xovjuav xetvoph nusi voni up epz fotqavit. O tipv jon upi metv nittehi iyqmeopoph jux O vjopl xi uwismuefif jon ovt siemmz upi ug vji ietois catopittit epf O dep uggis nz we vu howi jon upi nupvj ug nepehinipv ug vji tovi xjomi ji miespt. Lopf ug e jeom nessz.

 

[Andy Bell]

Aqfevi: Egvis e demm xovj vji cazis, ji ehsiif vu sivasp epf iyvipf itdsux vu 3 nusi xiilt, fasoph xjodj ximm vsz vu fanc ov fuxp epf ji xomm tii og ji dep sap vji tovi xovjuav ov veloph uwis jot feomz xuslxiil. O vumf jon O depv muti epuvjis 3 xiilt gus puvjoph, epf ji uggisif vu tohp ugg $2000 ATF gus nz voni og vjiz djuuti puv vu caz op 3 xiilt. O jewi nz WE jimqoph epf fuoph vji vseptgis tu og ji cuxt uav vji $2000 ot e xop, epf O katv simotv.

 

[Veloman]

O tumf nz tnemm GCE catopitt up Gmoqqe sidipvmz. O vjopl huoph vu vji piyv cazis op mopi ot e huuf djuodi og vji 1tv cedlt uav. Vji pup sigapfecmi fiqutov aqgsupv ot e huuf ofie.

 

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