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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 2000 by Terry Light and RealEstate ABC |
