Asked by Pamela Myslinski, 08087 • Fri Sep 10, 2010
We are selling our home. Our buyers had a home to sell(which we were notified of after both parties signed contract of sale.) They had a buyer and to close sept.1st, our closing to take place sept.2nd. The sale between us (sellers) and buyer became contingent upon them closing on or before sept.1st. Our lawyer sent time of the esssence notification for 10 days, which they refused. Now we are under pending contract, both parties agreed thar we can show our home and if we get an offer, our buyer has 3 days to remove contingency, or void contract. First, are they in breech of contract b/c they didn't sell sept.1st?
Second If we void contract b/c of no sale, who is responsible for OUR expenses?
Third, our contract is up withour agent tomorrow, are we obligated to sign again with him b/c of 'pending' contract? or can we fire him and put house up for sale by owner?
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