Final payment for delayed closing

[kevtlas]

Hi all,
I’m trying to figure out how the payments will work for a contract if it is a delayed contract. I know the deposit would work the same, but what about the balance? For our previous resales, we payed when sending in the closing documents. If the closing is delayed, does that mean the payment is as well? Or does it depend on which resale company is used?
Thanks!

 

[Jetku]

The balance is due at closing for delayed closings

 

[Sandisw]

I am in the process of selling a delayed closing, Nothing is due until closer to the actual closing date.

My buyers won’t need to send the money until mid June as we are slated for closure for June 26th.

 

[kevtlas]

Thank you!