Question 1

THE BUYER IS ASKING FOR AN EXTENSION OF THE CLEAR TO CLOSE DATE, WHAT DOES THIS MEAN AND WHAT SHOULD I DO?

known · Accepted Answer

You have a couple options.  You can agree to the extension or you can decline it.  If you agree, it may delay the closing depending on how long they are asking for.  If you decline, the buyers can, and likely will, cancel the contract and receive their earnest money back.  For this reason, most sellers grant the mortgage contingency extension requests as long as they are for a reasonable period of time.

Question 2

THE BUYER IS ASKING FOR AN EXTENSION OF THE CLEAR TO CLOSE DATE, WHAT DOES THIS MEAN AND WHAT SHOULD I DO?

known · Accepted Answer

You have a couple options.  You can agree to the extension or you can decline it.  If you agree, it may delay the closing depending on how long they are asking for.  If you decline, the buyers can, and likely will, cancel the contract and receive their earnest money back.  For this reason, most sellers grant the mortgage contingency extension requests as long as they are for a reasonable period of time.

Question 3

THE BUYER IS ASKING FOR AN EXTENSION OF THE CLEAR TO CLOSE DATE, WHAT DOES THIS MEAN AND WHAT SHOULD I DO?

known · Accepted Answer

You have a couple options.  You can agree to the extension or you can decline it.  If you agree, it may delay the closing depending on how long they are asking for.  If you decline, the buyers can, and likely will, cancel the contract and receive their earnest money back.  For this reason, most sellers grant the mortgage contingency extension requests as long as they are for a reasonable period of time.

WHAT DOES CLEAR TO CLOSE MEAN?

I WANT TO KNOW HOW THE BUYER’S FINANCING IS COMING ALONG, CAN YOU CHECK ON THIS FOR ME?

THE BUYER IS ASKING FOR AN EXTENSION OF THE CLEAR TO CLOSE DATE, WHAT DOES THIS MEAN AND WHAT SHOULD I DO?

known

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