Updated almost 3 years ago on . Most recent reply
Under contract and Seller don’t want to close
Hi. I'm in the process of buying a home and got clear to go from the bank but the seller doesn't want to set up a closing date because she is buying elsewhere. What do i do ?
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NY real estate attorney here and @Tim Delaney is essentially right. Contract closing dates are not dates certain. After 30 days or so your attorney can send the seller a “time of the essence letter” which will set a definite closing date. If seller doesn’t close at that time then you have to bring a lawsuit. The remedy as a buyer is forcing them to sell. Speak with your attorney and he/she should be able to explain how it works in light of your specific deal.