Bad real estate experience. I was suppose to close last week and nothing is happening?
I placed a bid on 11/5 and was suppose to close 12/7. I asked the seller to repair the bathroom plumbing and still have not heard whether he has or not. My lawyer and real estate agent have spoken to him several time and he keeps on saying he will get us the info we need soon but never come up with it. What’s my next step???
Rent Back Fast
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A delayed closing date is not uncommon. But make sure to update your paperwork. Most purchase agreements have “dates to perform” by. If your purchase agreement becomes expired there could be many problems. Such as you no longer have a house to buy, and the seller has already sold it to another party.
Don’t know what state you’re in, but you basically have two choices: 1) demand performance (in writing), through the escrow officer ( if he fails to perform you might be out of luck and only recourse would be to sue for Specific Performance or damages) or, 2) extend date for closing (you may already be doing this by acquiescence) and make sure your RE agent keeps on him to complete conditions for sale.
I had the same problem, I bought the house on September, the seller didn’t repaired some electrical problem until the morning we were supposed to close, I was about to back out of the deal because it was on the contract when he accepted the offer. If he signed the offer where should be stipulated that he would fix the bathroom plumbing HE HAS TO DO IT, or you could back out of the deal and sue him for all the lost it has cost you. Ask your lawyer exactly and just tell them if they don’t fix it the deal is off (but remember he should have signed a paper saying he was going to fix it) Good Luck!! I know how stressful and draining is to buy a house!!!