WHAT DOES CLEAR TO CLOSE MEAN?
November 2, 2018I WANT TO KNOW HOW THE BUYER’S FINANCING IS COMING ALONG, CAN YOU CHECK ON THIS FOR ME?
November 2, 2018You 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.