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In this tutorial, Dana Sparks, a managing broker, discusses extending a closing date in real estate contracts. If a buyer or seller needs to go beyond the agreed-upon closing date, an amendment is required. For transactions using the GAR contract form, there are two ways to extend the closing date: by amendment or through a unilateral notice to extend (GAR form 133). The unilateral notice allows either party to extend the date with just one signature, but it can only be used under specific conditions. Importantly, this option cannot be used if the seller has valid title objections, excluding liens, judgments, and deeds to secure debt.
