This is the extension granted to the buyer by the seller due to unforeseen circumstances that may occur before the date of the initial contractual agreement. There are many scenarios in which the buyer can postpone the closing date. For example, the mortgage was delayed; Then the deadline can be extended to give time for loan processing. The buyer can also postpone the closing date if your purchase depends on the sale of the current home. The buyer may request additional time to process the mortgage application. The sales contract allows an automatic extension of up to 14 days. Closing date: below the closing date, you indicate the renewal period until the closing date after the initial date of the sales contract. Write down the day, month, and year. .