Real Estate Question Of The Day

Question Of The Day By R.B; “Is It Normal Practice For A Seller To Ask For Extra Money For Themselves To Extend A Contract Closing Date?”

Answer: If A Buyer Is Requesting An Extension To Close For Reasons Beyond Their Control, The Buyers Agent Should Submit An Addendum Requesting Additional Time Based On Specified Reason(s) And For A Reasonable Amount Of Time. It Is Normal Practice For A Seller To Request That The Buyer Pay Additional Escrow/Binder Deposit, Which Will Be Forfeited To The Selle If Buyer Does Not Close. It Is Not Standard Practice To Pay A Seller Directly. For More Information On Addendums Please Call 850-877-2692