Q: in MA an offer was placed on my property on 8/9/19 we are now well passed the 45 days agreed upon for closing.
Closing was set for tomorrow 10/16/19. i have done repairs and updates to the lawful expectations of the original inspection in a timely manner by my agents father who i paid for his services. My real estate agent has not been forthcoming about many items through this process. A week ago the buyers called a town inspector and are trying to take more time to get their own plumber and have work done while i still own the property and want to put off the closing for another 2 weeks. this sounds illegal to me and being elderly they seem to be taking advantage of me. what do i do? I want to close tomorrow and be done with this as agreed. My agent and her boss/broker have every excuse under the sun to not meet with me.
A: I strongly suggest you contact a lawyer to represent your interests as soon as possible. The agent/broker is supposed to be working for you, the seller, and no one else. Most P&S agreements state the buyer is prohibited from entering the premises and/or doing work n the premises with the Seller's knowledge and agreement. You need someone looking out for your interests.
A: If there is a Purchase and Sale Agreement signed by the parties, then the parties are to honor its terms of the Agreement on when the closing is to take place and there may have been an extension or 2 signed by the parties . If the Buyer is in breach of the contract you may have recourse as stated under the Purchase and Sale agreement. You really should have a real estate practitioner represent you before you take any action. The price of the legal representation is well worth the peace of mind.
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