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"time of essance" in a contract
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DUCKS2001
Then there was 2
Member since 3/06 5696 total posts
Name:
Christine
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"time of essance" in a contract
Did anyone have this in their contracts and did not have a problem getting it taken out???
if the 'time of essence" is still in the contract and you dont close by a certain day, they can keep your money.....
Message edited 2/16/2008 1:37:12 PM.
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Posted 2/16/08 12:40 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
igottabeme
Its peanut butter jelly time!
Member since 1/08 2340 total posts
Name:
Wouldnt you like to know! ;)
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Re: "time of essance" in a contract
well like a mortgage contingency protects the buyers, time of the essence is looking out for the sellers. it basically gives you 30 days from the date on the contract to actually close. i think thats more than fair and if you're not comfortable and think you need more time then just ask them to change the estimated close date on the contracts.
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| Posted 2/16/08 6:12 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: "time of essance" in a contract
When we purchased our home we had our lawyer put in a time of the essence clause into the contract. We, the buyer, wanted it to make sure we were in the home by a certain date. Of course we did not have another home to sell and we had a mortgage guarantee.
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| Posted 2/16/08 9:35 PM |
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