The seller cannot close on the date agreed

[Peter J.]

What would you do if your seller couldn't close on the date agreed upon?
Would you take advantage of the situation and ask for a price reduction.
It is an estate sale and the seller don't yet have all the paperwork necessary to close and needs more date.
I am no longer super keen on proceeding with the purchase and I wonder what my options are.
- Can I back out of the deal?
- Can I get a price reduction?

What do you think?

[Jay Hinrichs]

if your closing date came and went with no written extension then your out of contract.. your not obligated to buy and he/she is not obligated to sell.. you no longer have a contract.. unless there is some language that gives auto extensions for these type of events.