Profile picture for islamabadi

How long buyer can delay closing in Florida

We have issues with the property we are buying.

1) We were suppose to close on 5/31 and found minor title issues

2) While title issues were being fixed, seller was cited for some unpermitted work outside of the home (we got lucky)

3) Now seller is trying to get permits etc. but does not have a definitive date to close.

How long do we have per Florida contract to wait? Can seller make us wait for ever or can we cancel the deal?
  • June 06 2010 - Fort Lauderdale
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Answers (4)

You should consult with an attorney for a complete answer.  The contract will stipulate the time frames for closing and under what terms you can get your deposits back as well as any issues with title and permits. 

Good Luck!
  • June 06 2010
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Profile picture for Mark LeMenager
Assuming you are using FAR/BAR, as long as both sides agree to keep signing extensions.  When one side says thats enough, then the contract is over.
  • June 06 2010
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It depends on the stipulations of the contract you signed. There should be a final close date and past that, you should be able to walk away freely.

Speak with your agent or an attorney so that they can help properly guide you.
  • June 06 2010
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The answer to all of your questings are in the contract you have already signed. Title issues have a time frame in whcih they can be resolved. Permitted items that need to be corrected also have time frames.
Discuss the terms of your contract with your agent or contact a real estate attorney if you are still unclear on your rights.

  • June 06 2010
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