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Buying & Selling Real Estate

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Peter J.
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The seller cannot close on the date agreed

Peter J.
Posted Dec 27 2018, 08:03

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?

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