Final answer:
Veronica should proceed with the closing and ensure the repairs are addressed afterwards, with the necessary financial safeguards in place, such as escrow. Continuous communication and proper documentation are essential. Canceling or postponing the closing should be considered only if both parties agree and it is allowed by the contract.
Step-by-step explanation:
If seller client Veronica's buyer-requested repairs are delayed until after closing due to inclement weather, Veronica has several options to consider. However, the most professional and ethical course of action would be to proceed with the closing and address the repairs afterward. This scenario typically involves holding a portion of the seller's proceeds in escrow to cover the cost of repairs post-closing. The specific details on how to proceed should be outlined in the sales agreement, and any modifications to the agreement should be put in writing.
It's essential for Veronica to actively communicate the situation with all parties involved, including the buyer, buyer's agent, and any others involved in the transaction. Careful documentation of the delayed repairs and the agreed plan for completion is critical. If the buyer is agreeable, and the contract permits, Veronica can ensure that the agreement includes a clause that allows for repairs to be completed after possession, with the appropriate legal and financial protections in place for both buyer and seller.
Canceling the contract or postponing the closing are not ideal options unless they are explicitly requested by the buyer and agreed upon by both parties, as they can lead to further complications. If the contract offers the option to cancel and terminate the agreement in the event that possession cannot be delivered as agreed, both parties can decide to use this clause. However, this would usually be a last resort.