Ace Jacobs
New Member
- Jurisdiction
- Missouri
I am selling a house in Missouri. Here are the bullet points:
- Agreed upon closing date was 7/12/21
- Addendum on contract: "$10,000 credit to be given, in lieu of repairs, and occupancy permit provided."
- Closing date passed, no extension was put out there. The occupancy permit was not available by the closing date, as repairs for this were being done, and the city of St. Louis took some time to inspect the property.
Is the contract active, given the closing date of 7/12/21 has passed? We both signed an inspection notice resourse. My realtor tells me that he BELIEVES this acts to keep the contract current, but Ive heard from other parties that since the closing date has passed, the contract doesn't hold any obligation to either party to move forward.
As the seller, I had to do $6,300 of repairs in order for the property to pass inspection, for the occupancy permit. Therefore, I wanted to negotiate the "$10k credit" since costly repairs were done. The buyer said absolutely not. Therefore, I do not wish to go through with the deal. The buyer is now threatening a "Breach of contract" lawsuit against me.
Given the above, is there an active contract? Or do I have no obligation to move forward with this deal, and still be in the clear from any court case filed against me?
- Agreed upon closing date was 7/12/21
- Addendum on contract: "$10,000 credit to be given, in lieu of repairs, and occupancy permit provided."
- Closing date passed, no extension was put out there. The occupancy permit was not available by the closing date, as repairs for this were being done, and the city of St. Louis took some time to inspect the property.
Is the contract active, given the closing date of 7/12/21 has passed? We both signed an inspection notice resourse. My realtor tells me that he BELIEVES this acts to keep the contract current, but Ive heard from other parties that since the closing date has passed, the contract doesn't hold any obligation to either party to move forward.
As the seller, I had to do $6,300 of repairs in order for the property to pass inspection, for the occupancy permit. Therefore, I wanted to negotiate the "$10k credit" since costly repairs were done. The buyer said absolutely not. Therefore, I do not wish to go through with the deal. The buyer is now threatening a "Breach of contract" lawsuit against me.
Given the above, is there an active contract? Or do I have no obligation to move forward with this deal, and still be in the clear from any court case filed against me?
