QUESTION
If I sign a contract with a closing date assigned is that date binding?
Asked on Jul 19th, 2021 on Real Estate - Connecticut
More details to this question:
I was given a real estate contract from my attorney with a closing date and signed it after review. Days later it was returned to me signed by the seller with the date crossed out and replaced with another date. We were not notified before that change and there was no discussion just an ultimatum: Take it or leave it.
1 ANSWER
The contract is not binding on a party until that party has signed. You do not have to agree to the new date, but neither does the seller have to agree to the date you had proposed. If you don't accept the new date, you have no agreement. You should know that in most circumstances, the closing date in the contract is not binding and closing is adjourned at least once, unless that date is explicitly made "time of the essence." (in New York, it oculd be different in Connecticut, but I doubt it).
Answered on Jul 19th, 2021 at 3:05 PM