Contract Date

[Alfredo O.]

Hello fellow investors.  So how important is the date set forth on a contract?  Example, if you are in the process of selling a home and for some reason the buyer is not able to hit the proposed contract date, what can really happen?  anything?  

I know you can't force someone to buy if they are not ready or if they made some changes to their financials which is now causing a little heartburn with the lending institution, but what can you really do at the point?