The sales contract says the buyer will purchase only if the buyer's current home closes within the next 30 days

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asked Mar 6, 2023 226k views

1 Answer

Sum Chen · Answer 1 · 2023-03-13T10:56:42+0000

Answer:

If the buyer’s home closes by the specified date, the contract remains valid. If the home does not close, the contract can be terminated. In most cases, a settlement contingency prohibits the seller from accepting other offers for a specified period.

Step-by-step explanation:

The sales contract says the buyer will purchase only if the buyer's current home closes within the next 30 days

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