Oh, you are right, you have a signed contract. The bank submitted a 19 page addendum, and a 'Short Sale Addendum' that everyone signed and swore a oath of truthfulness. You will close when the bank says you will close. The agents involved will need to keep extending the closing date criteria to keep the purchase contract 'active.' The process in NY may differ in this regard. but not in the moral of the story.
It sounds like you are in good shape if you got to the point of setting a tentative closing date. The attorneys are the ones to clarify what is acceptable by the contract guidelines and then in turn what works for both buyer and seller. A ten day difference doesn't sound like a huge difference unless you have a closing date or lease issues at your end. Discuss all of this with your attorney. Good luck and welcome to Massapequa. You'll love the town, if you don't already.
Your closing date should be indicated on your purchase contract. If the buyer requests more time, this should submitted to you on an addendum to the purchase agreement. Most lenders require 45 days to close a buyerâ€™s loan so 40 days is not abnormal in todayâ€™s market. Your agent should help you in working out a reasonable closing date with the buyers.
Prudential California Realty
Good luck with your move into your new place. The difference in time will likely be soon forgotten as you start your life in the home of your choice.
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