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Updated over 1 year ago on . Most recent reply
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Can seller back out if closing date is missed because of delayed HOA documents?
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- Investor
- Las Vegas, NV
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I’m not sure. You’re really the one that failed to make the closing date.
1) this is a question your realtor should know off he top of the head. And if they didn’t their broker definitely should.
2) this is something your realtor should have ordered the day after they took your listing. In Las Vegas the buyer has to be given 3 days to look over the Hoa documents and can back out for any reason they don’t like in the Hoa documents.
Number 2 means obviously you won’t be able to make them close. After they get the documents and look at them. They can say they don’t like the financials, they don’t like the rules, they think there will be an assessment, just about any reason and back out with no penalty.