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Rainmaker
882,826
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

What are we extending? A listing? I give them 2 weeks notice.
During a transaction? Financing delays? If you know a few weeks ahead that you'll need to extend . . . why wasn't a sufficient escrow period written into the contract? But I digress -- let them know as soon as possible that there is a delay.

Aug 29, 2017 07:21 AM
Rainmaker
1,709,041
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Without having more specific information, my initial response is:  Not until you know you're going to need one.  My experience with extensions is that you shouldn't extend beyond the actual time needed because the lenders tend to consider it the new deadline... instead of closing as soon as possible beyond the original date.

Aug 29, 2017 07:45 AM
Rainmaker
1,101,359
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I give the request as soon as I can, why wait?

Aug 29, 2017 09:46 AM
Ambassador
4,173,295
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It really depends upon what type of extension - is it for an appraisal? Inspection/repair response?

Aug 29, 2017 09:21 AM
Rainmaker
808,797
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Listing or buyer broker agreement extension or an extension for the buyer or seller that can not close on time? Listing or buyer agreement, week of expiration if no offers are in sight (and you want to continue to work with them). On purchase and sale agreement as soon as an extension is found to be needed. -Kasey

Aug 29, 2017 08:48 AM
Ambassador
3,030,003
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Extension of what????????????????????????

Aug 29, 2017 08:32 AM
Rainmaker
5,488,360
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It depends.

Aug 29, 2017 07:52 AM
Rainmaker
1,525,205
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It depends on how quickly my seller is to respond.

Aug 29, 2017 07:49 AM
Rainmaker
4,124,292
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Depends on what the extension applies to and who I am dealing with!

Aug 29, 2017 07:42 AM
Rainmaker
1,206,044
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I ask before the notice to perform comes out, but often wait until past the deadline, except COE, that I ask for as soon as I'm notified officially of a delay.

Aug 29, 2017 07:39 AM
Rainmaker
1,145,445
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Do it right first time so you do not have to ask for an extension. I have a listing the default duration was 90 days. The seller scratched it out for 30 days. After 32 days he accepted an offer and did not want to pay commission. In litigation right now.

 

Aug 29, 2017 07:29 AM
Rainmaker
1,231,599
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Depends on circumstances.  Give us more details 

Aug 29, 2017 07:27 AM
Rainmaker
1,632,842
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Usually the week of, provided the transaction has a history of all parties responding quickly

Aug 31, 2017 08:07 AM
Rainmaker
4,848,636
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If it is a listing, one week, if it is a date on the contract, usually the day it expires.

Aug 31, 2017 07:21 AM
Rainmaker
1,375,942
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If during an escrow, ASAP!  When buyers wait until the last minute on my listings, it pisses off my sellers and the buyer is more likely to get a per-diem if it's requested at the 11th hour.

Aug 30, 2017 09:46 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

As soon as it's known that an extension will be needed...

Aug 30, 2017 07:03 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's never too far out if you know it will be needed.

Aug 30, 2017 06:06 AM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

definitely be prepared at least couple of days prior to the deadline.

Aug 29, 2017 10:40 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I usually start talking about it in the last couple of weeks.  I press for a decision the week of.

Aug 29, 2017 07:43 PM
Rainmaker
3,985,831
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

As soon as I know it is easy

Aug 29, 2017 06:46 PM
Rainmaker
1,453,827
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

At least two weeks notice and stay on top of it until you get the paperwork back. It it expires one or the other may be in default.

Aug 29, 2017 01:20 PM
Rainmaker
1,661,755
Mike Cooper, Broker VA,WV, MD
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

I typically ask as soon as it is known that one is needed. 

Aug 29, 2017 01:11 PM
Ambassador
5,329,265
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I have had people ask for them too far out and sent them back with instructions to speed it up and contact me later if they still need the extension.

Aug 29, 2017 01:10 PM
Rainmaker
1,711,737
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

A few weeks out is ridiculous. I would say a few days if it doesn't seem like it can get finished.

Aug 29, 2017 11:54 AM
Rainmaker
2,630,799
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A good working realtionship is required at all times until COE. That's our job

Aug 29, 2017 11:04 AM
Rainmaker
5,571,077
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

5 to 7 days before it's needed, after you've been notified that it will be needed....

Aug 29, 2017 10:14 AM
Rainmaker
1,512,129
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

It is rarely the escrow closes exactly as planned when financing involved. If lender needs few more days or even few more weeks, this is what we ask for. 

Aug 29, 2017 10:07 AM
Ambassador
3,248,461
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

It really depends on the situation. Typically we'd get it handled as soon as we are aware of an issue.

Aug 29, 2017 09:55 AM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Aug 29, 2017 09:14 AM
Rainmaker
6,499,609
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

As early as possible.

Aug 29, 2017 08:42 AM
Rainmaker
2,018,930
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Don't wait til the last minute , some are slow to respond

Aug 29, 2017 07:43 AM