They need the sale to go through before they have enough funds to purchase your home.
#Sellers asked to move our closing date up verification
There's a lot of verification processes that happen in the course of loan approval that can cause delays, from underwriters falling behind to the home inspection revealing major issues that stalls lender approval.ĭelays can also be a result of the buyer's home not selling on time. Needs more time is due to an honest issue with their lender in receiving loan approval.
Rather, the main reason a buyer typically Most of the time, the buyer doesn't have nefarious reasons for wanting to extend the closing date. Why the Buyer Would Want to Extend the Closing Date But to get you started, here's what you need to know. If you work with the right real estate agent, they can help you weigh all your options. You can take that work to your advantage and result in the best outcome for both you and the buyer. So what should you do when a buyer wants to extend the closing date? Fortunately, there are a few routes As frustrating as delaying the closing date can be, it's not uncommon for a majority of home sales to stumble right at the finish line with the buyer asking for a little more time.Īnd as anxious as you might be to close the sale, when the buyer asks for additional time before closing, it's not necessarily all doom and gloom. But, then you hear those dreaded words from yourĪgent: “The buyer wants to extend the closing date.”ĭon't worry, it's not karma finally coming for you. The closing date for your home is in sight and you're itching to finally close the sale.