Best of luck to you!
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
Legends Realty Group
We are charged with protecting the consumer. If my clients mortgage commitment has not been met and the seller will not sign the extension then I tell my clients we must void the deal and get our monies back. The seller needs the buyer as much as the buyer needs the seller and in this market I would say the seller needs the buyer more since there are so few buyers.
The other recommendation I have is to ask you banking professional for realistic expectations of time and set the dates according to that. I am pretty sure in this market 14 days is to short and you are probably looking at 21-30 days. Best
It's amazing (for al the wrong reasons) how naive many agents are when it comes to writing and understanding contracts.
It is always better, as said, to tie in other contingencies into the 21 days, but they must be relevant to the timing, not inspections or making of requests for repairs after 16 days. Except the seller is really desperate to sell to anyone.
In most cases, 14 days is ample time for due diligence, 21 is fine for appraisals.