Seller has requested an extension of thirty days. What happens if we don’t agree?
Additional Information: The seller is unable to find a replacement property by the time the sixty day escrow closes. They have requested an extension of thirty days. If we do not agree to that extension, will we lose the appraisal fee, the home inspection fee, and our deposit? ATTORNEY ANSWER: Most Purchase and Sale contracts oblige the seller to close unless for some reason such as a tenant in the premises or a title issue.