When a Buyer Delays or Cancels Closing

What caused the closing delay or cancellation?

When a closing date slips, ask for the reason, the supporting document, the new proposed date, and every deadline affected. Separate a lender delay, appraisal issue, title matter, repair, or buyer logistics problem because each may need a different response.

Ask for the exact cause, supporting document, proposed new date, affected deadlines, and contract remedy before deciding. Separate a lender, appraisal, title, repair, or buyer-logistics issue because the evidence and response differ. FTC guidance on payment fraud supports verifying changed wire instructions through a known contact method; it does not interpret the purchase contract. Preserve every extension or notice in writing.

Which written documents control the response?

Review the contract with the appropriate professional before agreeing to an extension, deposit change, possession arrangement, or release. Do not rely on a text message for a material change.

How should extensions and payment instructions be verified?

Keep utilities, insurance, moving, and vacancy plans current while the file is open. A delayed close can change practical costs quickly.

Do not release a deposit, extend a contingency, or alter possession based on a verbal explanation alone. Read the signed contract and obtain advice from the professionals responsible for the transaction before selecting a remedy.

Before deciding about When a Buyer Delays or Cancels Closing, what will you document?

Keep the signed notices, extension terms, and verified contact record together before choosing a contract response.