How to extend a closing date, if the seller needs more time to move out?
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How to extend a closing date, if the seller needs more time to move out?
Parents will left 3 children ownership of the home One took care of the parents ,lived with them. The other two verbally promised the home to the caregiver, then changed their minds when parents passed with no explanation. We accepted a bid for the house, my brother, the administrator signed the contract with a closing date of about 6 weeks from now. My sister and me signed through e-mail that we agreed with the sale for our estate attorney. Court for a judge to sign off is in 8 days for probate. Can I ask for a later date because I have not been able to find an affordable rental?
Asked on June 21, 2019 under Real Estate Law, Tennessee
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
You can ask for a later date, but the buyer is not obligated to agree or consent to one. The closing date was agreed to between the two of you; you contracted to close on a certain date. A contractual term, including the closing date, can only be changed by the consent or agreement of all parties to the contract.
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