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The
Closing Date in an Offer to Purchase Real Estate
It is absolutely
essential that you include a closing date as part of your offer. This
way both you and the seller can make plans for moving, and the seller
can make plans for buying his or her next home. Though most transactions
actually do close on the right date, do not be so inflexible that a
delay creates insurmountable problems.
For example, if you are
renting and need to give the landlord notice that you are moving out,
you may want to allow a little flexibility. Otherwise, if your purchase
closes a few days late you could find yourself staying in a motel with
your belongings packed in a moving van somewhere while you pay storage
costs.
There are also times when
closing can be delayed by weeks, through no fault of your own. Have
back-up plans prepared for such a contingency.
copyright 2006 by Terry
Light and RealEstate ABC |
