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Well, news from my buyers is that they are having difficulty selling their current home and they may request an extension to the closing date. Interesting that they bought my home without condition to sale of their property but are presumably depending on that equity... that would cause a lot of anxiety if I were in their shoes.
In any case, they will cover carrying costs (interest, insurance, tax, and utilities) for the extension.
Any experience with this before? I'm inclined to give a specific but not indefinite extension. Do I need to talk to a real estate lawyer now, or wait on it a bit?
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