Posted by Carl Cimino on November 09, 2007 at 13:22:21:
Thank you John for your info.
Closing on sale (Pennsylvania) - Posted by Carl Cimino
Posted by Carl Cimino on November 09, 2007 at 12:12:56:
Agreement of sale has been signed and now one week before said closing, the realtor calls me and tells me where the closing will take place. I disagree with them telling me, who is going to pay their fee, when and where the closing will take place. I told him in a few short words that we will agree on a mutual place and time but he still babbled on that the buyer’s title company decides when and where. Bull on that. Can I cancel the sale complete, and if not do I stand a chance to avoid embarassment on both parts if they decide to sue for breach of contract? And do I have a legal ground to stand on?
Thank you,
Carl Cimino
Re: Closing on sale (Pennsylvania) - Posted by max-va
Posted by max-va on November 12, 2007 at 08:40:10:
Not sure why this is an issue.
Why not close at your choice of attorney or title company and let buyer close at theirs. Traditionally the buyer choses who they wish to close with, you however can close with anyone you wish.
Re: Closing on sale (Pennsylvania) - Posted by Natalie-VA
Posted by Natalie-VA on November 11, 2007 at 09:27:47:
Our contracts specify who chooses the settlement agent. Does your contract address this?
–Natalie
Re: Closing on sale (Pennsylvania) - Posted by Sailor
Posted by Sailor on November 10, 2007 at 15:51:04:
Good grief, Carl, why is this a dealbreaker? Sounds to me like there are other issues besides just agreeing to place & time of closing.
There are lots of things in this world about which you can get riled up. I’m sure we can come up w/a long list.
Tye
In reality, buyer can walk - Posted by John Merchant
Posted by John Merchant on November 09, 2007 at 12:52:10:
If you have no EM on deposit with Seller’s Agent, you can walk out the door without fear of being sued or other financial loss.
Very rare is suit by jilted Seller against Buyer because it normally doesn’t make economic sense for Seller to try to force a reluctant or recalcitrant Buyer into buying…much easier and cheaper to just keep on until S finds good new B who does want the RE.