addendum extending the closing date.
Don't panic! This is typical and should be expressed to both the buyer and seller upon signing the contract. To be safe, let them both know that it's typical for the closing day to be extended at least one week beyond the closing date. On the sellers' side, the title company may need an extension for the seller to take care of title issues. This is also typical. There may be an outstanding lien that needs to be addressed, an issue with the deed, or a problem with the legal address. Give your sellers a heads-up on these potential issues upon signing the contract. If all these moving parts work together correctly, with your help, you've managed to close the deal. Both sides will sigh with relief, as you will after you receive your paycheck. The process is exhaustive but crucial to having a successful real estate business. If this process scares you or makes you take a second look at jumping into the real estate business waters', I suggest you find another career. I didn't want to sugar-coat the process, so I placed it at the beginning of the book. Push comes to shove, and you'll pass this book on to someone else who's ready for the journey. However, if you're prepared for the challenge, continue reading. I'm sure this book will help you be the best agent you can be.
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