Your listing agreement with your Realtor/Brokerage has terms, just read them and see what you can do they should be very specific....As to the Buyer it is really a question for a local real estate attorney, are you using one? if not you probably should......I am also assuming that YOUR Realtor is your listing agent, correct?
( and laws could be slightly different and also contract terms could be, and since we do not
have the extensions, nor the original sales contract in front of us, and furthermore we are as Realtors not permitted by law to give legal advice, you really need to look at your documents, get advice from a local attorney, OR talk to the Managing Broker at the office of your current Realtor, if you are uncomfortable discussing your wishes directly with your Realtor and come to a decision there.)
if and when a buyer can NOT produce the final written loan commitment from their lender at the
date indicated in writing in the original sales contract or any extension of that particular term in writing, the sales contract could be voided, but you must read the terms...
In most cases it is the buyer who will want to get out of the contract because they can not get the
loan and therefore can not fulfill their obligation concerning loan commitment....
But to be on the safe side get legal advice from a local real estate attorney.
On the other hand, it seems to me by what you tell us that these buyers are trying everything possible to get their loan, and really want to buy your home.... and since you have already extended the dates for the final written loan commitment letter from a lender, would 6 days now make such a big difference or are you afraid that at the end of the 6 days it will still not work out?
Hope all these thoughts help you a bit.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
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HAVE THE MOST WONDERFUL DAY :)
If it does not happen, find a new buyer.
Is the Realtor representing you or the buyer or both.
You would need to read your contract. Is it really in your best interest to deny the buyer an additional 6 days. You'll have to contend with either paying to keep the home heated through the winter, snow removal and the worry if the home is going to be broken into. Now that you're living out of state that's a lot to worry about. As an agent I cannot give legal advice. However, if the current extension expires tomorrow you are not obligated to extend and the contract would be null and void.
I wish you the best of luck!
Karen Paytas, GRI, CMS
Real Living Kee Realty