North Carolina closing question - Posted by Bob

Posted by jeff on July 19, 2002 at 15:42:02:

i dont know anything about north carolina, but if your contracts reads like the standard contracts ive seen and says “on or before” then unless you can get an extension period yuor contract has expired. contact the seller and try to get them to agree to an extension, alot of times this can be dnoe easily since they still are trying to sell the property and findnig a new buyer and setting another closnig date wil take longer than just extendnig your contract. this all depends on the individual situation the seller is in though. if they ahve had multiple offers or better offers since you signed your contract, then you can kiss your contract goodbye.

but again, i do not live in north carolina, but id guess its the same everywhere.

North Carolina closing question - Posted by Bob

Posted by Bob on July 19, 2002 at 14:45:39:

If you are buying a house in North Carolina and fail to close on the last day of your contract, do you lose the house? Is the a time is of the essence period in North Carolina?