Missing a closing date doesn’t automatically kill a deal—and in New Jersey, it’s more common than many buyers and sellers expect.
Most closing delays are caused by factors outside either party’s direct control. Common issues include lender underwriting delays, appraisal problems, title defects, last-minute repair negotiations, or missing documents. Because of this, NJ contracts are typically written with some flexibility, allowing for reasonable extensions as long as all parties are acting in good faith.
When a closing date is missed, the first step is communication. Attorneys and agents usually coordinate a written extension, often just a few days or a week, to keep the transaction moving forward. In many cases, the deal proceeds without penalties or major changes to the terms.
However, delays can become more serious if:
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One party stops cooperating
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Financing is no longer approved
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Contract deadlines expire without extensions
In rare cases, missed closing dates can lead to disputes, additional costs, or even contract termination—but this is the exception, not the rule. Calm coordination, realistic timelines, and proactive problem-solving are what keep transactions intact.
Preparation matters. Buyers who respond quickly to lender requests and sellers who address title or inspection issues early reduce the risk of delays. A strong agent and attorney team helps manage expectations and protect everyone involved.
