Profile picture for Aviana

As a seller I'm having a problem with my agent. If closing is postponed are there any legal issues

I have moved out of state.  My agent offered to take care of a few issues.  There is a question regarding a utility bill due to his negligence.  I want this resolve before closing.  What are the ramifications if I postpone or delay the closing.
  • June 05 2009 - Roxborough
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Answers (8)

Best Answer

you may put the buyer at huge risk if you want to delay the closing.  They may have a rate that expires or it might take longer for the bank to prepare the documents.  If you do want to extend it i suggest you get an extension in writing by all parties.
  • June 07 2009
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Congrats on finding a buyer - most aren't. Be thankful and pay the utility bill and close.
  • July 09 2009
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This is a tough market. I would not recommend jeopardizing your closing over a utility bill. As mentioned below, this could cause the buyer to lose his financing. It could also give the buyer a reason to walk away. Or sue you for performance. <shudder>

Whatever the issue is between you and your agent can be worked out after closing.
  • June 11 2009
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depending on how the offer was accepted from the buyer if you are delaying the closing...you could have to pay per diem
  • June 10 2009
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this is as bad as a buyer get all hung up over some personal property issue when the home purchse is the big issue... pay 'your' utility bill and stop crying... why is it that seller think their agent should pay for their
'trash' 'termites' 'repairs' 'staging bills' etc... get real
  • June 05 2009
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Profile picture for wetdawgs
I've never heard of an agent taking care of utility bills.   Did you have this agreement in writing?    I'd simply pay the bill because it is far less expensive than delaying the closing.
  • June 05 2009
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Profile picture for workabee
Delaying the closing might be expensive. Pay the utility bill and then make him pay it after escrow closes.
  • June 05 2009
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Profile picture for real estate mike
You would delay selling your house over a utility bill? The delay could put you at risk with the buyers. Is your agreement with him to take care of issues in writing? If you're getting the wrong answers or no answers have you spoken with his broker?   
  • June 05 2009
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