We were able to get an extension due to it being winter, but something to keep in mind when buying a building.

@Alecia S.If your contract (sales agreement) has automatic extensions like “on or about” closing date, and it goes beyond this date without a signed extension you could possibly walk away (I say possibly as it is truly contract dependent).

They are trying to protect potential buyers as the sellers would not allow a option period extension to have foundation looked  at properly. 

Recently we had some major water damage due to leaking and busted pipes that involved extensive demo of the bathroom and adjacent wall of one bedroom because of mold/water damage.

Stem extensions are available but specific to each brand and sometimes different models within the same brand have different fittings.The plumber and I both spent the next day calling and visiting vendors but no one had the extension we needed in stock.

But, the only way to have solidly taken advantage of it was if you started the fund when the law was passed and sold just as it expired (assuming that there were no extensions provided). 

Ive done extensive research within Phoenix and have begun submitting offers, but I can't help notice that it may not be the best investment location due to such high home prices (median rent is $1800-$1950 for 3 bedroom). 

There are open stud walls and extensive clean up needed in the lot.

They may even take your story into consideration as they look at future extensions.

Not only is my background in social work and I have studied extensively about social programs mental health, but I also own over 100 units of low income housing/trailer parks.