Seller wants to close in nine days and my best buyer needs twelve
That three-day gap is where a deal dies, and how you handle it tells you more about the contract than the spread does. The question is whether to ask the seller for the extension before or after you have a signed assignment, because the answer changes depending on how much leverage you think you actually have at that point. Ask before, and the seller knows you do not have your buyer locked. Ask after, and you are negotiating against a clock with a buyer who may walk if the deal starts looking complicated. Say a seller locks at 110k and the assignment fee is 9k, so the buyer is coming in at 119k. That buyer has done the math on a 48-hour inspection window and a 12-day close. If the close date slips to 15 days to give the seller comfort, the buyer sometimes reprices the deal, because carrying costs and rate locks are not abstract to a cash buyer running a line. The gap is not three days, it is three days times whatever the buyer charges per day of delay in their head. What is the earnest money situation on your seller contract, and does it give you any room to request a modification without triggering a default clause?