Real Estate Law
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It is not unusual for a buyer to request an extension of the contract in order to obtain financing if there's been a problem with getting financing. However, you can put conditions on the extension (of course, the buyer would have to agree/approve). Along those lines, you could agree to an extension in exchange for an additional payment of security or in exchange for an agreement that the buyer pay any expenses -- utilities, etc. -- until the home does close.....which would give you a little security.
But, if the contract is contingent on financing, and the buyer cannot obtain it, you're really in a tough place because there are no grounds to claim a breach.....which means the buyer could just walk away.