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This is a question from a fellow cre8Buzz member. Please feel free to comment and answer her question if possible. Thanks!
emeleel Edgemelanie Posts: 4
Registered: 2007-11-22 08:46:08
I have a question. Not real estate exactly, but contracts
December 10, 2007 12:49
Okay, here's the thing. Back in late October, we signed a contract to sell our home. We set a date of "on or about" 11/23. Well, that was the day after T'giving, which delayed plans. (We didn't realize it was the day after T'gving when we signed, we didn't have a calendar with us.) At least, it delayed our buyer - WE were willing to knock out half of our holiday plans to get the thing sold and out of our hair, but the buyer had plans to go out of town and didn't offer to change anything.
As soon as he got back he went right back out of town on business, and supposedly he's going to get back on the 12th. We're supposed to hear from him in the next day or two to hopefully close the end of this week.
His delays are costing us money. I had to pay the homeowner's insurance, and even though I'll get the bulk of that back, I'm estimating $25 or so for that. Then I had to make another mortgage payment - another $222 in interest down the tubes. Plus an extra month of power, water and garbage because he requested that the power and water stay on. (And garbage is tied in with the water where we used to live - can't turn off one without turning off the other.) That's about another $60 gone.
Do we have any recourse for the money that we had to spend because of HIS delays? We're making very, very little profit off of this sale as it is, and losing this money is really hurting.