Home Buying in 02649>Question Details

Debby, Home Buyer in Mashpee, MA

if the closing is postponed because of the seller does the Purchase & Sale end? or does the closing date just

Asked by Debby, Mashpee, MA Sun Mar 9, 2008

or does the closing date just get pushed up/

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Answers

6
I would suggest speaking with your attonery and make sure an extension is signed for the closing date by all parties in writing.
14 votes Thank Flag Link Sat Jun 16, 2012
Good advice.
Flag Fri Aug 24, 2012
Great answer
Flag Mon Aug 20, 2012
Every contract has a closing date. If the date comes and goes and the contract doesn't close, you no longer have a contract. You can extend the closing date with a written extension signed by the buyer and seller.
1 vote Thank Flag Link Sun Mar 9, 2008
Both parties sign an agreement as to their intentions. Usually BOTH will sign to go forward an give more time.....Time is of the Essence (as the legal term has slways stated)
http://www.JeanSOLDMyHouse.com
0 votes Thank Flag Link Fri Apr 18, 2008
were you asked to sign an extension to the P&S?
0 votes Thank Flag Link Sun Mar 9, 2008
Depends on what your contract says and on the reason it didn't close. Most P&Ss have a built in extension for 30 days to perfect title. Why didn't the transaction close?
Web Reference: http://www.provestre.com
0 votes Thank Flag Link Sun Mar 9, 2008
I would need more of the particulars to answer the question...why did the seller postpone?
0 votes Thank Flag Link Sun Mar 9, 2008
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