Buyer won't move out by closing - Wisconsin

[BeachBuddy]

Our closing is scheduled for the vary last day indicated in the terms of the sales contract. Possession is at closing with no clause allowing for sellers' rent-back. Sellers now say they can't move out by closing, and the terms of our mortgage preclude renting of the property for any reason.

We are unavailable for 2 weeks after scheduled closing date, and want to walkthru home ourselves after sellers move out to check for moving damage - they have a lot to move out!

The sales contract and our mortgage committment will expire by then.

What can we do???

 

[HomeGuru]

Threaten to sue the Seller for breach of contract. What is your real estate agent doing?

 

[BeachBuddy]

Our agent is trying to avoid a protracted lawsuit; trying to convince the seller to move out of the house by closing.

Problem is - no one can physically make these people abide by the contract if they consciously choose not to.

Is there any way to resolve this without a lengthy court case?

 

[HomeGuru]

Have an attorney send them a nice demand letter, if they do not move out on or before the closing date, you will sue for $100k in damages. That should get them motivated to move.

 

[BeachBuddy]

Will try!

Thanks!!!

 

[HomeGuru]

Good luck BeachBuddy. Life's a beach.

Signed,

BeachBoy