Q: Can you tell me the details of the “On or About” closing date for Ohio? We are sellers and need to extend 10 days.
We asked the buyer if that would be ok, it’s been 12 days and he still has not given us an answer.
A: If you do not go to closing until 10 days after the date set, then the buyer could sue you for breach, and the court would decide if 10 days was close enough. It is unlikely to go all the way to a trail if buyers sue, but litigation would make it unable for you to sell until the lawsuit was resolved. Try to work it out with the buyer. If agents are involved, try to get them to work it out. Use the Find a Lawyer tab to retain a local attorney if they cannot.
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