11/07/2026
Your buyer’s loan just fell through. Now what?
Before you call anyone back, pull out the signed purchase and sale agreement. That document decides what happens next.
Look for three things. Is there a financing contingency? What’s the deadline for the buyer to give written notice? What does it say about the deposit?
If the buyer wants more time, ask for a written update from their lender first. Is underwriting done? What’s still outstanding? When can they actually close?
If you agree to an extension, get it in a signed amendment. A phone call saying “we just need a few more days” doesn’t protect you.
The deposit stays in escrow until the deal closes or ends. The broker can’t release it just because one side asks.
I wrote up the full breakdown on the blog, including what to do if the appraisal comes in low. Link in bio.
If you have a deal that feels shaky right now, call or text me at 617-431-1826 and we’ll go through your paperwork together.