Can You Postpone Your Sale Date?

Yes, you can typically postpone a home sale in Washington State, but it depends on the terms of your real estate contract and the willingness of the other party involved. If the closing date needs to be changed, you’ll need to discuss it with the other parties involved and possibly negotiate a new date.

Here’s a more detailed look:

• Negotiation is Key:
  Both buyers and sellers can request a new closing date. The best approach is to initiate a conversation with the other party involved in the sale as soon as possible.
  
  
• Contract Terms Matter:
  The specific terms of your purchase agreement will outline the process for changing the closing date. Your real estate agent or attorney can help you understand these terms and negotiate a change.
  
  
• Impact on Multiple Parties:
  If you can change the closing date, you’ll need to ensure everyone involved (including lenders, escrow companies, etc.) is on board with the new date.
  
  
• Potential for Legal Consequences:
  Sellers may face legal repercussions (like breach of contract suits) if they try to back out of a deal once it’s fully executed and the five-day cancellation period has passed, according to Realtor.com.