What to do when closing date is being pushed out by Seller

[Jason Allen]

Hello Bigger pockets!!!

[Pearce G.]

@Jason Allen 

I think you are talking about the Certificate of Tax Compliance for the seller's LLC. I just went through this on the seller side. The closing attorney instructed me to obtain the Cert from the dept of revenue, because the property I am selling represents more than 50% of the LLC assets. I paid my $60, got the cert, and forwarded it to the attorney.

For unrelated reasons, however, the buyer wasn't ready to close, and I learned the cert is only good for 30 days.  Attorney told me to get another one.  I said ok, but not until we set a closing date.  I have another $60 cert now, and we are set to close next week.

Back to your question:  It is a legitimate issue.  Both times it took less than 10 days (I'm in SC), but your seller may be building in some buffer, or it may take a little longer in other states.  If your seller obtained the cert earlier, they might have had to repeat it like I did.

Good luck!