Updated about 9 years ago on .
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Signing Before Closing Date
Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have to pay in April. I get it, I'm fine with it. The issue I have is that I won't be in town January and want to get this thing going January 1st or before.
How might I amend or restructure the contract to be able to sign in December, but have the contract go into effect Jan 1. I'm sure there's a name for that...
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You can just sign the contract dated Jan 1 and have it held in escrow by your or his attorney.