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In this tutorial, Dana Sparks, managing broker of Maximum One Grader Atlanta, discusses extending a closing date in real estate contracts. When a buyer or seller needs to change an agreed-upon closing date, an amendment is necessary. For contracts under the GAR form, there are two options to extend the closing date: through an amendment or a unilateral notice to extend (GAR form 133). The unilateral notice allows either party to extend the closing with only one signature, but it can only be used under specific conditions. Notably, the seller must not have valid title objections, excluding liens, judgments, and deeds to secure debt, to invoke this option.
