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We (the buyers) have a signed purchase agreement with a closing date of 7/26/2012 or before. Our len

We (the buyers) have a signed purchase agreement with a closing date of 7/26/2012 OR BEFORE. Our lender has notified us that we will be able to close on 7/12/12. The Sellers do not want to close before the 7/26 date. Do they have the right to delay the closing?
  • June 28 2012 - US
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Answers (4)

Profile picture for wetdawgs
I can sympathize,  when buying it would be wonderful if one can move as quickly as possible.    However, when there are dates in the contract both parties have to agree to move the dates.   "7/26 or before" really tends to mean "7/26 unless both parties agree to a different date".    "delaying closing" would be to close after 7/26, so they aren't delaying closing.

The sellers have probably scheduled the activities needed to be able to be out and close on the 26th.   Moving it forward two weeks as you proposed is likely to have a lot of planning and rescheduling that they don't want to do, or perhaps they don't have a place to live for those two weeks.    


  • June 29 2012
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Since it's on the contract they are well within their right to close on the agreed upon closing date.

  • June 29 2012
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They are within their right to not close prior to the agreed upon closing date. There would only be in issue if they were unable to close ON the date of closing, thereby extending the closing date.
  • June 28 2012
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They are not really delaying the closing. The contract states ON or before the 26th. Both sides would have to agree to change that date. Obviously, the sellers do not want to change that date (perhaps they are buying another home and have made the closing on the new house on the 26th?). In any event, as long as you close the 26th or earlier, you still have a valid contract.
  • June 28 2012
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