Part 2 - What Happens When A House Doesn't Close?

This post was inspired by a home in Oshawa that sold firm in May of this year & was due to close in August - but didn't. In September it sold for $85,000 less than it had sold for in May.


In Part 1 I wrote about what happened when a client of mine breached his Agreement of Purchase & Sale back in 2017 as well as a rundown of all the things that COULD happen when a contract is breached -  in case you missed it, go back & read Part 1 HERE


Thalia & Melpomene   Comedy & Tragedy/Happy & Sad
(Sums up the 2 different client experiences I've written about in 1 handy dandy picture!)


I also mentioned how I had another client who benefitted from a breached contract, so we're going to use that as an example to show how a bad situation can turn into a good one for both a seller & a new buyer when that happens!

What Happens When A House Doesn't Close?

This is not a step-by-step guide per se, but rather some real life scenarios & how they did (or might) play out.


This post was inspired by a home in Oshawa that sold firm in May of this year & was due to close in August - but didn’t. In September it resold for $85,000 less than what it had sold for in May.