buyer's attorney

Performance Property Real Estate Question

How To Handle A Home Buyer Who Delays Closing

Q: Gerald. We are in contract to sell our home and the buyer keeps delaying the closing. We’re moving and buying another home and can’t afford to wait any longer. What can we do? Monica, Roseland, NJ A: The first thing you should do is identify the closing date in the purchase contract you signed with the buyer you are selling your home to.  If the closing date in the contract has passed and you’re using a real estate attorney, tell your attorney to send what’s called a time of the essence letter to the buyer’s attorney or the buyer directly if the buyer is not represented by an attorney.  In New Jersey, the date set forth in a time […]

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