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Updated over 8 years ago on . Most recent reply

User Stats

185
Posts
56
Votes
Andy Cross
  • Wholesaler
  • Culver City, CA
56
Votes |
185
Posts

Removing "Closing Extension" Clause from Purchase Agreements

Andy Cross
  • Wholesaler
  • Culver City, CA
Posted

Hey gang...quick question.

I've got a contract out with a seller, and she is kind of "balking" at the notion of a 30 day extension if we cannot close on the date stated on the contract. She wants me to take it out all together.

The way this deal is set up...I'm absolutely sure I can close this deal in the 15 days stated in my offer letter (and in the contract). 

How would you feel if a seller asks you to remove the "closing extension" clause in your contract? 

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