AllExperts > Buying or Selling a Home 
Search      
Buying or Selling a Home
Volunteer
Answers to thousands of questions
 Home · More Buying or Selling a Home Questions · Answer Library  · Encyclopedia ·
More Buying or Selling a Home Answers
Question Library

Ask a question about Buying or Selling a Home
Volunteer
Experts of the Month
Expert Login

Awards

About Us
Tell friends
Link to Us
Disclaimer

 
 
 
 
About Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
 
   

You are here:  Experts > Shopping > Home Buying/Selling > Buying or Selling a Home > closing

Buying or Selling a Home - closing


Expert: Jessica Bryan - 11/6/2009

Question
Buying a home on land contract and were supposed to close on nov 2 2009 but I had to push to nov 11. Seller is threating to back out is this possible

Answer
Hi Mark;
You need to read over the contract in the section that discusses the closing date.  Usually, the seller must give the buyer a few days leeway.  If that is not stated in your contract, and if there are not words stating that the closing date of Nov. 2 was absolute or "time is of the essence" with penalties attached for every day that extends the closing, I think that you are safe.  I can't imagine that a seller would be foolish enough to back out of a deal for 9 days difference in a closing!  (Of course, there are extenuating circumstances...perhaps he has a better offer and is looking for an excuse to back out of the deal.) Still...if he sells to someone else it will take longer to close on the property than if he waits for you for an extra few days.  At this point we are only talking about three days since no business will conclude over the weekend!

Best wishes,
Jessica Bryan

Add to this Answer   Ask a Question


 
User Agreement | Privacy Policy | Kids' Privacy Policy | Help
Copyright  © 2008 About, Inc. AllExperts, AllExperts.com, and About.com are registered trademarks of About, Inc. All rights reserved.