I am trying to buy a house ... we have a contract to close on Nov 30 ... seller says he wants to move the date ... that is not possible for me and he says he wont show up on original day
2006-11-28 09:17:33 · 7 answers · asked by Steve B 2 in Business & Finance ➔ Renting & Real Estate
We have a meeting in place for tomorrow night ... the guy is extreamly unreasonable. I am just fearfull I will not have anywhere to live after the 15th of Dec since the apartment lease is up
2006-11-28 09:25:19 · update #1
He would be in breach of the contract. You can sue for specific performance and hold him responsible for all your costs incurred as a result of his failure to complete the contract.
Easy solution--Ask an attorney to write a letter describing what I just said (he'll know details) and send it to seller BEFORE the closing, asap. Seller will get the hint you are not playing around and he can be responsible for some big expenses.
2006-11-28 09:23:03 · answer #1 · answered by Jim7368 3 · 1⤊ 1⤋
Your realtor stands to make 3 to 4% off this deal. Have them help you. Your costs to date, title insurance, home inspection, etc. should be recoverable.
The kick of housing sales is that if you want out, there is always a way - that works both ways.
2006-11-28 09:29:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Technically, you don't both have to be there at the same time. Work it out with him in a friendly way so you both get what you want.
If he doesn't show up and won't work with you, it is possible that you could get your deposit/earnest money back and maybe double it, but your goal is to close on the house... not get your money back.
2006-11-28 09:21:50 · answer #3 · answered by John Stamos 3 · 0⤊ 0⤋
He can sign the deed any time he wants prior to the closing date. We do "by mail" closings all the time. Don't get upset. Your agent should know how to handle this. The "closing company" has run into this before. They can handle it also.
2006-11-28 09:45:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
MAKE SURE YOUR CONTRACT HAS A DATE SPECIFIED THAT THE HOUSE MUST CLOSE BY A CERTAIN DATE,IF NOT HE DOES NOT HAVE TO CLOSE ON THAT DAY. FIND OUT WHY HE DOES NOT WANT TO CLOSE. IT WILL COST YOU ALOT OF MONEY TO SUE. TRY TO WORK IT OUT IF YOU REALLY WANT THE HOUSE. GOOD LUCK
2006-11-28 11:08:09 · answer #5 · answered by sammyjk1 3 · 0⤊ 0⤋
If he doesn't show up, the contract has been broken. Then you get a lawyer and sue him for Performance. Hold your ground, they will show up!
2006-11-28 09:20:59 · answer #6 · answered by Barbara 5 · 0⤊ 0⤋
HE broke escrow. Its your right to refuse if you want.
2006-11-28 09:25:04 · answer #7 · answered by Chris M 2 · 0⤊ 0⤋