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Buying & Selling Real Estate

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Eric M.
  • Flipper/Rehabber
  • Louisville, KY
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Sellers, penalties for missing closing date?

Eric M.
  • Flipper/Rehabber
  • Louisville, KY
Posted May 2 2012, 08:34

Have you ever tried to add a $ penalty per day for delaying a closing date in a sales contract?
I know many of the delays are due to lender issues, but why should I bear the brunt of that cost? I'd like to give the buyer some incentive to push his people a little harder.

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