Q: What happens when our agent told us he sent an extension of the deadlines and they accepted it but they never did?
Agent never sent the amendment to the sellers agent and now we have been in a breach of contract for about two weeks without even realizing it because we were under a different impression. What can we do in that case?
A:
The first question will be whether anything negative happens to you as a result. If you don't have to pay anything extra, and you don't lose an opportunity, then there isn't normally much you can do about it.
Read your real estate purchase contract to see what if any penalties will apply to this situation. If you do have to pay something extra or you lose an opportunity, then you may have the option to sue your realtor, especially if you have written evidence of the mistake. The suit would be over any additional costs or opportunities lost.
Keep in mind that most realtors sign agreements with you that can alter these outcomes. So read the realtor agreement.
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