Q: I have a home currently under contract to sell. It’s been three weeks with no response from the buyer. What can I do?
A:
The purchase agreement should provide for a time period within which the buyer must take certain steps. Check to see if those steps have been taken. If not advise the buyer that the contract has been materially breached and you are cancelling the same.
The purchase agreement should also have an expiration date, as well as a time period within which the closing should take place. You should review the purchase agreement with your attorney.
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