Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on .

User Stats

226
Posts
97
Votes
Kalimah Jenkins
  • Investor
  • Marietta, GA
97
Votes |
226
Posts

Any REAL recourse when a property doesn't close on time?

Kalimah Jenkins
  • Investor
  • Marietta, GA
Posted
I am selling a property to a buy and hold investor and accepted a reduced price for a "time is of the essence" quick closing. I just learned that we won't close on the stated date because the purchasing agent didn't get the contract and escrow to their attorney for 6 days after we went binding. So, the title is not back in time to close. There will be a couple of days delay. My question is do I have any real recourse? Should I complain to the agent's broker? It is literally the only reason we cannot close. I was also using the funds to close another deal and now don't have those funds available. I can still close the other deal so it's more of an irritant but as I stated, I accepted less for a quick close. What would you do?