During attorney review, the deal is non-binding - either side can walk for any reason. Every day that passes gives the buyer time to find another property, develop cold feet, or have their attorney manufacture objections. If review extends beyond five business days, intervene directly: call the buyer's attorney, escalate through your broker, and set a firm deadline for contract execution or withdrawal.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Attorney Speed and Deal Certainty
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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