Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
How did last weeks winter blast affect your closings?
How did last week’s winter blast affect your closings?
So last week we had two scheduled closings. We had a closing to sell a property which the closing office could not close due to blackouts and such. We also had a closing to purchase a property and we did not close for the same reason.
Closing number one where we were going to sell a property we moved it to this week and they closed Without any issue.
Closing number two where we were supposed to buy a property the seller look for a reason to get out of the contract and said that I did not close on my agreed-upon date and demanded a higher price +$5000 earnest money additional. It appears that I was going to lose the property that I was going to purchase, but I hired and attorney and they looked over the contract and found a way to Legally extend the contract in a manner that I somehow overlooked. We ended up closing deal number two this week as well.
Curious how many people actually lost a closing or a deal due to last week’s winter wonder weather.