Fish Or Get Off The Yacht

Margaret Rome, Baltimore Maryland I can't believe you just wrote about this.  We have time is of the essence too.  I just had an offer rejected because , among other things, although we have time is of the essence, New York does not.  

In Florida, there is a closing date on the contract.  You better know you're closing on that date, unless buyer and seller agree otherwise.  Apparently, in New York, the closing date can extend up to 30 days past what is on the contract.  

This didn't fly with the sellers and they wanted no part of it.

Such an important set of words "time is of the essence". I like how you explain it short and sweet Margaret Rome, Baltimore Maryland 

In AZ, we have this as well.  Our contracts are changing as of Feb 1. Good reminder to read every line for anything not in the training! Have a great Sunday.

The first three important things my orginal reale state class taught me are: Location, Location, Location. All square footage is more or less. And wait for it, time is of the essence. Hasn't changed.

Hi Margaret - The saying is a wee bit different in these parts - while some water is involved, it's not nautical - but the sentiment is similar. Timely notification and response is just the right thing to do.

Same here in Virginia.  You miss a deadline, you aren't given any grace period.  

That's a great title line to accompany that topic, Margaret!

I wish more buyers and sellers would actually read every word of the contract, and understand what it means.